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 […]
Tag: Teck-Hughes gold tailings
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 […]
Fulcrum agrees deal with AAN over gold tailings
Fulcrum Metals plc has signed a formal “collaborative working agreement” with Apitipi Anicinapek Nation (AAN) relating to the Teck Hughes and Sylvanite tailings projects in Kirkland Lake, Ontario. LEGACY The agreement also lays the foundation for future agreements on “shared benefits and opportunities” from the projects. Fulcrum said that the two parties had held “extensive” […]
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 […]