Fulcrum Metals plc has signed a non-binding US$20 million (£15m) royalty financing term sheet and a £200,000 subscription with Chancery Royalty Ltd for its Teck-Hughes tailings project in Ontario, Canada. GROWTH Under the proposals, Chancery receives a 5% net smelter royalty over Teck-Hughes gold production while Fulcrum retains the right to repurchase 2% of the […]
Tag: non-cyanide
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 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 […]