Fulcrum Lithium Ltd (ASX:FUL)

ALERT: Price-sensitive ASX Announcement for FUL

Current share price for FUL : $0.075 -0.045 (-37.50%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

27 Jan 2026 9:37AM

Price at Release

$0.120

Full Release

Summary

Fulcrum Lithium Ltd's December 2025 quarterly activities report highlights significant developments in their Nevada lithium projects, particularly the Alkali Flats and Dry Canyon projects. The Alkali Flats project expanded with 281 additional claims, now covering 66km², and significant progress in their Phase 3 drill program was achieved with permits received for over 30 holes. The Dry Canyon project saw the staking and filing of 201 claims following promising lithium assay results. Financially, the report detailed a net cash use in operating activities of $920,000 for the quarter, with cash and cash equivalents at quarter-end totaling $4,256,000. The company issued performance rights to align executive and shareholder interests amidst a 165% rise in lithium market prices over the past seven months.

Key Points

Expansion of Alkali Flats project claims to 66km².
Completion of a 25km CSAMT geophysical survey at Alkali Flats.
Phase 3 drill program at Alkali Flats approved by BLM.
Dry Canyon project staked with 201 claims after high-grade lithium assays.
Net cash used in operating activities was $920,000.
Cash and cash equivalents at quarter-end were $4,256,000.
Increase in lithium carbonate prices by 165% over seven months.
Performance rights issued to the Chief Operating Officer.

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.