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: Fulcrum Metals plc
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 expands issued share capital
Fulcrum Metals plc has received notice of the exercise of 2,550,000 broker warrants over new ordinary shares of one pence each in the company, at three pence per share, for £76,500. TVRs On admission, the company’s issued ordinary share capital will comprise 124,512,212 ordinary shares of one pence each, with one voting right each. […]
Fulcrum closes Tully sale to Loyalist
Fulcrum Metals plc has closed the sale of the Tully gold project in the Timmins mining district of Ontario, Canada to Loyalist Exploration Ltd. CONFIDENT Under the terms, Fulcrum has received 78.7 million common shares in Loyalist, CAD$500,000 (£266,000) cash and a 2% net smelter return royalty on the Ontario project. The company also expects […]
Fulcrum appoints consultants for tailings projects
Fulcrum Metals plc has appointed AP Kane & Associates Ltd as independent consultants to advance its Teck Hughes and Sylvanite gold tailings projects in Kirkland Lake, Ontario, Canada. Andrew Kane, the principal of Kane & Associates, has more than 30 years’ experience of Ontario mining industry experience and held senior roles with Ontario Ministry of […]
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 […]