In this exclusive interview, Ryan Mee, CEO of Fulcrum Metals, he discusses the successful proof of concept results from the Phase 2 conceptual study at Teck Hughes. With a scalable and repeatable leaching process, the company is now moving toward securing the Master Licensing Agreement and optimising recovery rates.
Key Takeaways:
- Proof of Concept Success – Validating the economic viability of the project.
- Optimisation & Growth – Targeting recovery improvements from 59.4% to over 70%, with a potential NPV jump from $33M to $75M.
- Future Expansion Plans – Scaling operations across multiple sites in Canada with strong local and industry support.
Fulcrum Advances Path to Exclusive Technology Agreement with Extrakt and Alliance Partner Bechtel After Positive Study reported at Teck Hughes
Fulcrum Metals plc (LON: FMET), announce positive results for the Phase 2 high level conceptual study (the “Study”) at its Teck Hughes Gold Tailings Project in Ontario, Canada (“Teck Hughes” or the “Project”). The Study was undertaken by Extrakt Process Solutions, LLC. (“Extrakt”) and Testing Design Implement Solutions LLC (“TDI”) and provides Fulcrum with an initial non-optimised assessment of the Project, based on information obtained from the previous high-level leaching test work.
Ryan Mee, Chief Executive Office of Fulcrum, commented:
“We are delighted with this unoptimised study which has successfully established proof of concept at the Teck Hughes Gold tailings project. The operating design integrates Extrakt’s breakthrough non-cyanide leaching technology with a comprehensive tailings management plant, enabling the reprocessing of mine waste to generate meaningful returns while enhancing environmental sustainability.
“These fantastic results firmly position Fulcrum as a prospective leader in tailings reprocessing. I am excited about what can be delivered through optimisation, scalability through creating a tailings hub at Teck Hughes and how we can use this concept to help address the many historic gold mine waste sites throughout Canada.”
“Importantly, this study provides the technical detail required to enable us to move forward with Extrakt and its alliance partner, Bechtel Energy Technologies & Solutions, Inc., on the technology exclusivity agreement for historic gold mine waste sites in the regions of Timmins and Kirkland Lake – two of Canada’s most productive and important gold camps.”
