Uranium-Gold Exploration in Canada: Panther Metals Backs Fulcrum’s Project Expansion

Panther Metals has voiced its support for Fulcrum's recent expansion of the Charlot-Neely uranium-gold project in northern Saskatchewan, Canada. With the staking of three new claim blocks, Fulcrum has added a significant 4,856 hectares to the project's area.

Panther’s connection to this venture is evident; the company currently holds a 19.99% interest in Fulcrum. Beyond this stake, Panther also possesses several warrants and retains a 2% net smelter return (NSR) royalty over the Big Bear Project.

This expansion sees the Charlot-Neely project area now encompassing a grand total of 12,481 hectares. A significant portion of the newly acquired territory covers the Black Bay Fault, a region associated with rare-earth and uranium mineralisation. Moreover, the new claim cells include a historic 11km electromagnetic (EM) geophysics corridor, exploration records showcasing notable uranium assay readings, and targets for rare earth elements identified through hyperspectral data analysis. Fulcrum managed to stake these claim cells for a cash consideration of CA$3,174, which come with an initial two-year term, set for potential renewal in mid-September 2025.

Panther Metals reiterates its commitment to exploration, highlighting the vital role drilling plays in discovery.

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