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Fulcrum Lithium Ltd (ASX:FUL)

ALERT: Price-sensitive ASX Announcement for FUL
Current share price for FUL : $0.080 0.008 (11.11%)+
Announcement
Release
29 Jul 2026 9:34AM
Price at Release
$0.072
Full Release
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Summary
Fulcrum Lithium Ltd's quarterly report highlights significant progress in its Nevada lithium projects, particularly at Alkali Flats where substantial lithium mineralization was confirmed. The company's focus remains on advancing these projects with intensive geological and resource modeling efforts. The Dry Canyon project has expanded following positive geophysical survey results. Financially, the company reported a total quarterly expenditure of $918,000, with most funds directed towards exploration and evaluation activities. The company's cash reserves are managed cautiously, with a focus on sustaining exploration efforts. Organizational changes included the retirement of a board member and the appointment of a new company secretary.
Key Points
  • Fulcrum Lithium Ltd received significant lithium assay results from Alkali Flats Phase 3 drilling program.
  • Resource modeling and metallurgical studies at Alkali Flats are progressing well.
  • Dry Canyon project expanded with additional claims based on promising CSAMT survey results.
  • Fulcrum's financial report shows careful management of expenditures with a focus on exploration.
  • Total expenditure for the quarter was $918,000, primarily on drilling and exploration activities.
  • Cash and cash equivalents decreased to $1,784,000 by the end of the quarter.
  • Fulcrum plans to continue with its exploration programs and has submitted drill program applications to US authorities.
  • Corporate changes include the retirement of Director Peter J. Nightingale and the appointment of Marcelo Mora as Company Secretary.
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.