Fulcrum reports seven preliminary uranium-related anomalies at Charlot-Neely Lake

Fulcrum Metals reported preliminary survey results from Charlot-Neely Lake on 7 September 2026.

Survey findings

Terra North's airborne programme identified seven prominent uranium-related radiometric anomalies using initial 1,000-metre-spaced tie lines.

The main 75-metre-spaced survey lines remain to be completed. The full programme covers approximately 2,441 line-kilometres over 163.7 square kilometres.

Fulcrum's exposure

Terra North funds the work, with expenditure contributing toward its C$3.25m minimum exploration commitment under the option agreement.

Fulcrum retains interests through 5,801,498 Terra Balcanica shares and 5.6 million Terra North shares, further conditional cash and equity payments, and a 1% net-smelter-return royalty upon option exercise.

Interpretation

Radiometric anomalies are exploration targets, not drill-confirmed ore grades or mineral resources. Historical high-grade samples cited in the release should not be presented as assays obtained by today's survey.

The next evidence is the complete geophysical dataset, target selection and ground follow-up. The economic benefit to Fulcrum depends on exploration success and the option's eventual implementation.

Source: Company announcement, 7 September 2026.