Agreement with Apitipi Anicinapek Nation

Fulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining

*Reach - non-regulatory announcement

12 June 2025

Fulcrum Metals plc

("Fulcrum" or the "Company" or the "Group")

Agreement with Apitipi Anicinapek Nation on Kirkland Lake Projects

Fulcrum Metals plc (AIM: FMET), a technology led company focused on the recovery of precious metals from mine tailings in Canada, is pleased to announce the signing of a collaborative working agreement (the "Agreement") with Apitipi Anicinapek Nation ("AAN") with respect to the Company's Teck Hughes and Sylvanite tailings projects (the "Projects") in Kirkland Lake, Ontario.

This Agreement formalises the collaboration between Fulcrum and AAN during the onsite evaluation phase of Fulcrum's gold tailings projects and also sets the foundation for future agreements on the shared benefits and opportunities as the Project's progress.

Fulcrum and AAN have engaged in extensive consultations over time, exploring how they can work together on the responsible development of the Projects and other legacy mine waste sites in Ontario.

Fulcrum is delighted to be deepening its partnership with AAN and values the ongoing support of Indigenous communities. With this Agreement and its technology collaboration with Extrakt Process Solutions LLC, Fulcrum is well positioned to lead the reprocessing and repurposing of historic mine waste sites in the region.

Ryan Mee, Chief Executive Officer of Fulcrum, commented:

"This agreement reflects both the mutual recognition that legacy mine waste sites need to be addressed and the desire to see the development of Fulcrum's sites in a collaborative, mutually beneficial and respectful manner.

"I would like to thank the AAN community for their support in making this partnership happen and look forward to working with them as we explore potential opportunities with meaningful social and environmental benefits."

Lance Black, Director, Negotiations and Contract Management for Apitipi Anicinapek Nation, commented:

"We are encouraged by this agreement with Fulcrum Metals, as it aligns with one of Apitipi Anicinapek Nation's priorities: to see the legacy of environmental contamination on our lands be fully remediated. Fulcrum's focus on reprocessing historic tailings offers a rare opportunity to clean up a site that has been left polluted for far too long and provide benefits to our Nation in the process.

"It's refreshing to work with a company that recognises the importance of environmental responsibility from the outset. Others with far greater resources and much larger footprints in the Kirkland Lake area have had decades to do the right thing - and haven't."

***ENDS***

For further information please visit https://fulcrummetals.com/ or contact:

Notes to Editors

About Fulcrum Metals PLC

Fulcrum Metals PLC (AIM: FMET) is an AIM listed technology led natural resources company focused on recovery of precious metals from mine tailings (previously milled and processed ore) in Canada using environmentally friendly leaching technology developed by Extrakt Process Solutions LLC and its associates (together "Extrakt"). The Company's projects are the tailing sites of the former Teck-Hughes and Sylvanite gold mines, located at the Kirkland Lake region in Ontario. In addition, the Company has interests in a portfolio of highly prospective mineral exploration and development projects in both Ontario and Saskatchewan Canada.

Fulcrum have a Master Licence Agreement (MLA) with Extrakt for the exclusive licence rights using their proven cyanide free clean technology on legacy gold mine waste sites over the mining districts of Timmins and Kirkland Lake which includes Fulcrum's Teck Hughes and Sylvanite projects. Fulcrum are developing the Teck Hughes and Sylvanite tailing sites to unlock the significant mineral wealth and the potential environmental benefits delivering a scalable concept across two of Canada's biggest gold camps with a history of over 110 million ounces of gold production and more than 70 mine waste sites

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