Business
Update re Investment in Fulcrum Metals Plc
Metals One Plc has increased its investment in Fulcrum Metals Plc by exercising 2,916,667 warrants at 5p, raising its stake to 8,750,000 shares, representing 6.33% of Fulcrum's issued share capital. This move follows an initial £175,000 investment in Fulcrum, which has yielded an unrealised gain of over 100%. Metals One also received new warrants for 1,458,334 shares with a 10p exercise price, valid for 18 months. The company is pleased with Fulcrum's progress in developing Canadian projects using innovative cyanide-free technology for metal recovery from mine waste, which has already seen Fulcrum's share price more than double since Metals One's initial investment six months ago. Disclaimer*
About this update from Metals One Plc
[{"type":"text","content":"\n\n\n \n2 February 2026\n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nUpdate re Investment in Fulcrum Metals Plc\n \nMetals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor, announces it has increased its investment in Fulcrum Metals Plc (AIM: FMET) (\"Fulcrum\") through the exercise of 2,916,667 warrants at 5p thereby increasing the Company's shareholding in Fulcrum to 8,750,000 shares, equivalent to 6.33% of Fulcrum's issued share capital.\n \nFulcrum is an AIM-listed pioneer in the application of innovative cyanide-free technologies to recover precious and critical metals from mine waste. Metals One initially invested £175,000 in Fulcrum as announced by the Company on 22 July 2025 and has made an unrealised gain on the initial investment to date of over 100%.\n \nAdditionally, pursuant to the warrant exercise described above, Fulcrum has issued Metals One new warrants over 1,458,334 shares with an exercise price of 10p, valid for 18 months.\n \nDaniel Maling, Managing Director of Metals One, commented:\n \n\"Metals One is pleased with the progress Fulcrum is making with the development of the Teck-Hughes and Sylvanite projects in Canada where Fulcrum is focused on using environmentally friendly leaching technology developed by Extrakt Process Solutions to recover precious metals from mine tailings. This progress is being reflected in Fulcrum's share price - which has already more than doubled since our investment six months ago - and Metals One is pleased to increase its exposure to this company through an increased shareholding and new warrants as Fulcrum accelerates the next stages of development work.\"\n \nEnquiries:\n \n\n\n\n\nMetals One Plc\nDaniel Maling, Managing Director\nCraig Moulton, Chairman\n \n\n\[email protected]\n+44 (0)20 7981 2576\n \n\n\n\n\nBeaumont Cornish Limited (Nominated Adviser)\nJames Biddle / Roland Cornish\n\n\n+44 (0)20 7628 3396\n\n\n\n\nOak Securities (Joint Broker)\nJerry Keen / Calvin Man\n\n\n+44 (0)20 3973 3678\n\n\n\n\nCapital Plus Partners Limited (Joint Broker)\nJonathan Critchley\n\n\n+44 (0)207 432 0501\n\n\n\n\nVigo Consulting (UK Investor Relations)\nBen Simons / Fiona Hetherington\n\n\[email protected] +44 (0)20 7390 0230\n \n\n\n\...