Fulcrum to cash in as Terra Balcanica exercises option.

Fulcrum Metals confirmed on Monday that Terra Balcanica Resources has exercised the first-year option to acquire 100% of Fulcrum’s uranium assets in Saskatchewan, triggering a cash and equity payment under the terms of an agreement signed in July last year.

Fulcrum Metals
14 July 2025 12:46:48

Source: Sharecast

In return for exercising the option, Fulcrum would receive CAD 50,000 (£27,120) in cash and CAD 350,000 worth of Terra common shares, amounting to 3,804,347 shares priced at 9.2 Canadian cents each.

The AIM-traded firm said the share price was based on a 10-day volume-weighted average price up to 8 July.

It said the new shares were expected to be issued by 18 July, and would be subject to a four-month holding period under Canadian securities law.

The uranium portfolio included the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton projects.

Fulcrum said it would retain exposure to future upside from the projects via its growing equity interest in Terra.

Following the latest issuance, Fulcrum said it would hold 5,801,498 Terra shares, valued at CAD 533,738 and representing 9% of Terra’s issued capital.

The CAD 50,000 cash payment would be applied to Fulcrum’s ongoing working capital requirements.

At 1144 BST, shares in Fulcrum Metals were up 1.1% at 4.6p.

Reporting by Josh White for Sharecast.com.

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.