£6M Funding Secured to Fully Fund Pilot Plant

Summary by AI BETAClose X

Fulcrum Metals PLC has secured a £6 million funding package with YA II PN, Ltd, comprising equity and convertible debt, along with an At-The-Market Subscription Facility, to fully fund the development and testing of a pilot plant for its Teck Hughes and Sylvanite tailings projects. The funding will cover critical path items like equipment procurement and site acquisition, as well as pilot plant operations to generate data for commercial deployment decisions. The convertible loan terms include a 30% premium to the prevailing share price, and an initial 60-day period with no repayments, offering financial flexibility. A general meeting is scheduled for May 22, 2026, to seek shareholder approval for necessary share authorities.

Disclaimer*

UK 100

Latest directors dealings