REACH: non-regulatory
announcement*
Fulcrum
Metals plc / EPIC: FMET / Market: AIM / Sector: Mining
4 March 2024
Fulcrum Metals
plc
("Fulcrum" or the "Company" or the "Group")
Appointment of Strategic
Adviser
Fulcrum Metals plc (LON: FMET), a
company focused on mineral exploration and development in Canada,
is pleased to announce that it has appointed Jason Brewer as a
strategic adviser to the Board of Directors with immediate
effect.
Mr Brewer has over 28 years'
experience in international mining, financial markets, and
investment banking. This includes holding senior executive
positions with a number of major global investment banks, including
Dresdner Kleinwort Benson, NM Rothschild & Sons and Investec
and with listed fund management companies focused on the mining and
metals sector. He is the co-founder of Gathoni Muchai Investments
Limited, an active African focused private equity-style mining
investment company, CEO of London listed Marula Mining plc,
director of Shuka Minerals plc and Unicorn Mineral Resources plc,
and Non-Executive Chairman of London Listed Neo Energy Metals plc.
Mr Brewer is also the founder of the Mayflower Childrens
Foundation, an organisation that aims to improve the education,
health, and wellbeing of African children through a variety of
charitable programmes.
Ryan Mee, Chief Executive Office of Fulcrum,
commented: "I'd like to welcome Jason
Brewer as a strategic adviser to Fulcrum's board at an exciting
time in the company's development. Jason has a wealth of experience
in the listed junior mining space, and we look forward to drawing
on his experience and expertise at this pivotal stage in Fulcrum's
growth in both Canada and as a listed company."
Jason Brewer added: "I'm
delighted to be appointed as a strategic adviser to the Board of
Fulcrum Metals. This opportunity represents a significant milestone
in my professional journey, as it will allow me to extend the reach
of my expertise and contribute to the success of Fulcrum
Metals.
Fulcrum Metals' gold strategy in Ontario, Canada is one I
believe they can deliver on in the short term, and I am
particularly excited about the potential of the Tailings Technology
which could unlock significant value in the gold tailings market in
Ontario as they look to secure and deliver early cashflow using
proven, effective, and environmentally friendly techniques.
Fulcrum's strategy of delivering value to shareholders is something
I am focused on at all listed companies I am involved with and it's
great to be working with a Board that has a similar
ethos.
This role also holds a special personal resonance, as it
brings me back to my roots in Timmins, where I commenced my mining
career after graduating from university. Timmins is such a
well-established and proven mining operating environment and offers
a number of growth opportunities for the Company.
"I
look forward to collaborating with the talented team and leveraging
our collective strengths to drive Fulcrum Metals
forward."
Fulcrum Metals PLC
|
|
Ryan Mee (Chief Executive
Officer)
|
Via St Brides Partners
Limited
|
|
|
Allenby Capital Limited (Nominated adviser)
|
|
Nick Athanas / George
Payne
|
Tel: +44 (0) 203 328 5656
|
|
|
Clear Capital Markets Limited (Broker)
|
|
Bob Roberts
|
Tel: +44 (0) 203 869 6081
|
|
|
St
Brides Partners Ltd (Financial PR)
|
|
Ana Ribeiro / Paul Dulieu
|
Tel: +44 (0) 20 7236 1177
|
*
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Notes to Editors
FULCRUM METALS - BACKGROUND
Fulcrum Metals PLC (LON: FMET) is an
AIM quoted exploration company which finances and manages
exploration projects focused on Canada, widely recognised as a top
mining jurisdiction.
Fulcrum currently holds a beneficial
100% interest in highly prospective gold and base metals projects
in Ontario and uranium projects in Saskatchewan.
Fulcrum's strategy is to focus on
discovery and commercialisation of its Projects through targeted
exploration programmes. The primary focus is to make an economic
discovery on the flagship Schreiber-Hemlo Properties and to
establish the prospectivity of its wider Ontario and Saskatchewan
portfolio with a view to securing potential joint venture and/or
acquisition interest.
The Schreiber - Hemlo properties
have a history of prospecting and localised extraction since the
late 19th century. However, coherent property-level exploration
programmes have been limited or absent, particularly in recent
times. Fulcrum has an opportunity to carry out such a programme and
this approach provides the best opportunity to fully explore the
significant prospectivity of the properties. A recent structural
study identified 42 priority exploration targets, of which 24
targets within the Big Bear property and 18 in the Jackfish
property, with 14 in total (9 on Big Bear and 5 on Jackfish) being
ranked as high priority for follow-up. The
properties have the potential to host a large, structurally
controlled, stratabound-style banded iron formation (BIF) gold
prospect similar to the Musselwhite deposit (McNicoll et al.,
2016), in addition to an Archean greenstone, orogenic-style lode
gold prospect, extending past the bounds of known historical
mineral occurrences.
The Tully property, 458 hectares in
area, is located 30 kilometres northeast of Timmins, Ontario and
includes the Tully (Timmins North) deposit, which has been the
focus of several drilling campaigns since its discovery in 1969.
The Tully deposit is located 2 kilometres southwest of the Bradshaw
Gold Project of Gowest Gold Ltd., currently in development. The
property is accessed by an all-weather gravel road that extends 15
kilometres to the east off of highway 655.
While highly prospective, Fulcrum's
mining assets are in the exploration phase, so Fulcrum stands to be
able to add significantly to the inherent value through exploration
success. Fulcrum will continually review opportunities with
potential and with a view to increasing shareholder value. It is
the Board's intention to deliver medium and long-term growth and to
establish the Group as a significant exploration
company.