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Fulcrum Metals: Strong Uranium Targets Identified
Fulcrum Metals: Strong Uranium Targets Identified.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\nPANTHER METALS PLC\n(\"Panther\" or the \"Company\")\n(Incorporated in the Isle of Man with company number 009753V)\n7 September 2023\n \nFulcrum Metals: Strong Uranium Targets Identified\n \n \nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note the Fulcrum Metals PLC (\"Fulcrum\", LON: FMET) announcement detailing highly anomalous uranium findings for the Charlot-Neely uranium-gold and Fontaine Lake uranium-rare earth properties in northern Saskatchewan, Canada.\n \nPanther currently holds a total of 9,971,839 ordinary shares in Fulcrum representing a 19.99% interest in the entire issued share capital of Fulcrum, plus 714,286 warrants exercisable at 17.5p with a two-year life from 14 February 2023 and a further 476,190 warrants exercisable at 26.25p with a three-year life. Panther also retains a 2% net smelter return (\"NSR\") royalty over the Big Bear Project.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"Uranium and rare earths continue to receive positive comment as the world looks to tackle climate change. It's exciting to see the developments and great results from Fulcrum providing Panther and its shareholders with upside in two of the most sort after commodities globally.\"\n \n \nThe associated announcement is available to view in full on the Fulcrum Metals PLC website( https://fulcrummetals.com/news/ ), with key points summarised below:\n \nFulcrum Announcement Highlights\n \nCharlot-Neely Lake Property\n· The Black Bay Fault, a major NE-SW-trending crustal-scale structure which is associated with rare-earth element and uranium mineralisation elsewhere in northern Saskatchewan, was mapped traversing the South Neely property.\n· Multiple zones of strong radioactive outcrop were confirmed in a variety of geological settings, including off-scale scintillometer readings >65,535 counts per second (\"cps\"), considere...