LONDON, UK: Fulcrum Metals plc (LON: FMET), a Canadian mineral exploration and development company, has expanded its Charlot-Neely uranium-gold project in northern Saskatchewan by 63% through staking three new claim blocks.
The claim blocks cover 20km of the Black Bay Fault, a regional structure associated with rare-earth and uranium mineralisation, and include historic exploration records with high-grade uranium samples and trench assays.
The company has also identified new uranium trends and hyperspectral targets in the project area. The acquisition comes at a time when the uranium market is experiencing a 12-year high due to global net zero commitments.