Fulcrum Metals (LON: FMET), based in the UK and focused on mineral exploration and development in Canada, announced Monday that its wholly owned subsidiary Fulcrum Metals Canada Ltd has agreed to acquire a 100% interest in the Charlot-Neely Lake, South Pendleton and Snowbird uranium projects in Saskatchewan, covering 11,481 hectares. 

Fulcrum paid a cash consideration to the Dunn Option Vendors of C$5,000 and upon exercising the Dunn Option on June 28 2024, Fulcrum has paid the Dunn Option Vendors a further cash consideration of C$60,000.   

This takes the company one step closer to a definitive agreement with Terra Balcanica Resources Corp. over the sale of all of its uranium projects totalling over 59,000 hectares, Fulcrum said in a news release.  

Fulcrum also owns The Big Bear gold project situated over the western end of the Schreiber-Hemlo Greenstone belt, the Jackfish Lake gold project in Ontario, and the Tully gold project, located 25 kilometres northeast of Timmins within the Timmins-Porcupine Gold Camp.

Source: MINING.COM – Read More