Fulcrum Metals plc reported more than 70% gold and silver recovery on preliminary detailed metallurgical work at its Teck-Hughes mine tailings project at Kirkland Lake in Ontario, Canada. ASSESSMENT The phase III development work is using Extrakt Process Solutions LLC’s cyanide-free technology to recover metals from mine waste. Fulcrum said it aimed to optimise leach […]
Tag: Extrakt Process Solutions LLC
Fulcrum secures Teck-Hughes gold tailings
Fulcrum Metals plc has paid the final instalment of CAD$275,000 to acquire outright ownership of the Teck-Hughes gold mine tailings project in Kirkland Lake, Ontario, Canada. NON-CYANIDE As per the option agreement signed in 2023, the optionors will have a 3% net smelter return royalty. Fulcrum may reduce the NSR royalty to 1.5% through a […]
Fulcrum progresses Teck Hughes
Fulcrum Metals plc has started detailed metallurgical work to adapt and improve non-cyanide technology for optimised metal recovery at its Teck Hughes mine tailings in Kirkland Lake, Ontario, Canada. COSTS The company will use Extrakt Process Solutions LLC’s proprietary cyanide-free leaching technology to identify optimal leaching conditions via laboratory testing. The phase III work aims […]
Fulcrum begins 93-hole drilling at Teck Hughes
Fulcrum Metals plc has begun a characterisation programme, comprising 93 augur drill holes and phase three testing of non-cyanide leaching, at Teck Hughes gold tailings in Kirkland Lake, Ontario. RECOVERY Drilling will provide detailed data for minerology and a mineral resource estimate, while the characterisation programme will show the potential for at-surface reprocessing. Initial […]
Fulcrum directors raise £140,000
Fulcrum Metals plc has raised £140,000 from a directors’ subscription of 2.8 million new ordinary shares at the issue price of five pence. TAILINGS On 23 May chief executive officer Ryan Mee subscribed for 2.3m shares for £115,000 and now has 9,973,910 ordinary shares, equivalent to 15.43% of the enlarged share capital. Chief financial officer […]
Fulcrum secures non-cyanide leaching licence
Fulcrum Metals plc has secured exclusive non-cyanide technology licensing to recover metals from its tailings projects in Kirkland Lake and the Timmins and Kirkland Lake mining regions in Ontario, Canada. POTENTIAL The company signed a four-year master licence agreement (MLA) to use Extrakt Process Solutions LLC’s proprietary technology to develop gold mine waste at the […]