Fulcrum Metals' Strategic Acquisition of Tully Gold Project & Fundraising #fmet

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Acquisition of Tully Gold Project: The project is in the Timmins gold camp, an area with a rich history of gold production. The resource estimate of 107,000 ounces can be extended through cost-effective exploration. The project's location near existing mines and processing facilities enhances its commercial potential. Reasoning Behind Acquisition: The project was acquired at a low cost per ounce of gold in the ground. The opportunity arose because 1911 Gold Corp focuses on a different region and is financing another project. Fundraising and Use of Funds: Fulcrum raised £520,000 through convertible loan notes and participation from directors and shareholders. The funds will primarily be used to advance the Tully project, analyze historical data, and prepare for drilling. The lack of significant ongoing expenditure commitments provides flexibility in project development. By Mark Fairbairn