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 […]
Tag: Fulcrum Metals plc
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 settles Tully CLN
Fulcrum Metals plc’s shareholders today approved the part cash payment for, and amended conversion of, its remaining convertible loan note, leaving the company debt free. RESILIENCE The £663,052 CLN, including interest, relates to the August 2023 acquisition of the Tully gold property in Ontario, which matured on 31 July 2025 and was extended to 31 August […]
Fulcrum raises £245,000
Fulcrum Metals plc has raised £245,010 via an oversubscribed subscription for 8,166,990 new ordinary shares of one pence each with certain sophisticated value-add mining industry, high net worth and institutional investors. TVRs The subscription, at the issue price of three pence per share, follows a fundraise earlier this month of just over £1 million. Each […]
Fulcrum raises £1m via placing-subscription
Fulcrum Metals plc has raised a total of £1.045 million via a placing and direct subscription of new ordinary shares of one pence each in the company, at three pence per share. METALS ONE The placing of 29 million new ordinary shares raised £870,000, with one warrant attached to every two shares subscribed, exercisable at […]