FULCRUM METALS PLC

• ⚠

  Material uncertainty over going concern

  The Directors are aware of the reliance on fundraising within the next 12 months and the material uncertainty this presents. However, the directors reviewed the Group's working capital forecasts they believe the Group is well placed to manage its business risks successfully providing a fundraising is successful. The financial statements have been prepared on a going concern basis and do not include adjustments that would result if the Group were unable to continue in operation.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Adler Shine LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors are aware of the reliance on fundraising within the next 12 months and the material uncertainty this presents. However, the directors reviewed the Group's working capital forecasts they believe the Group is well placed to manage its business risks successfully providing a fundraising is successful. The financial statements have been prepared on a going concern basis and do not include adjustments that would result if the Group were unable to continue in operation.”

Group structure

1. FULCRUM METALS PLC · parent
   1. Fulcrum Metals Limited 100% · Ireland
   2. Fulcrum Metals No.2 (Canada) Limited 100% · Canada
   3. Fulcrum Metals (Canada) Limited 100% · Canada
   4. Fulcrum Envirotech Corp. 100% · Canada

Significant events

• “On 9 April 2025 the Company announced that had signed a binding letter of intent with TSX Venture Exchange listed Loyalist Exploration Limited for the sale of the Company's 100% interest in the Tully Gold in Timmins, Ontario.”
• “On 22 May 2025 the Company announced that it had signed a Master Licence Agreement with Extrakt Process Solutions LLC ("Extrakt") for the exclusive licencing of Extrakt's technology on legacy gold mine waste (tailings) to develop the Company's tailings projects in Kirkland Lake and across the mining regions of Timmins and Kirkland Lake, Ontario, Canada.”
• “On 27 May 2025 the Company announced that certain members of the Board have subscribed for a total of £140,000 of new Ordinary Shares.”
• “The Company announced on 13 September 2024 a successful equity financing in excess of £860,000 at 8p per share.”
• “On 2 July 2024, Fulcrum Metals (Canada) Limited entered into a definitive agreement with Terra Balcanica Resources Corp. for the divestment of Saskatchewan uranium assets.”
• “At the start of 2025, Fulcrum announced a restructuring of the Board, with Mitchell Smith appointed Non-Executive Chairman and Alan Mooney returning to Non-Executive Director.”
• “In April 2024 the Company announced an option agreement to acquire a 100% interest in the Sylvanite Gold Tailings project, located in Kirkland Lake, Ontario, Canada.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

8

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -45.2%

  £620,924 → £340,517

• Net assets

  -15.6%

  £3,680,971 → £3,106,150

• Employees

  0%

  5 → 5

• Operating profit

  +34.6%

  -£1,632,392 → -£1,067,346

• Profit before tax

  +32.7%

  -£1,714,423 → -£1,153,461

• Wages

  -11%

  £191,037 → £169,949

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers