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Fulcrum Lithium Ltd (ASX:FUL)

ALERT: Price-sensitive ASX Announcement for FUL
Current share price for FUL : $0.065 -0.055 (-45.83%)+
Announcement
Release
20 Jan 2026 12:51PM
Price at Release
$0.120
Full Release
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Summary
Fulcrum Lithium Ltd announced the commencement of their Phase 3 drilling program at the Alkali Flats project in Esmeralda County, Nevada. This phase will involve over 30 drill holes to test mineralization extensions and infill drill previous phases, supporting a future mineral resource estimate. The company is also advancing its metallurgical testing to optimize lithium recovery. These developments come as lithium prices have surged significantly, supporting Fulcrum's investment in lithium as critical to the clean energy transition.
Key Points
  • Permit received for Phase 3 drill program from USA Bureau of Land Management.
  • Over 30 reverse circulation and core drill holes are planned.
  • Phase 3 aims to extend known mineralization and provide core for metallurgical studies.
  • Further metallurgical testing initiated on Phase 2 samples.
  • Lithium carbonate prices have increased by over 116% in seven months.
  • Fulcrum's Alkali Flats project comprises 793 lode claims over 66 km².
  • Phase 3 will lead to a maiden mineral resource estimate.
  • Kappes Cassiday & Associates engaged for further tests on lithium recovery.
  • Lithium market enjoying strong commodity price outlook.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.