In PART 2 of the Gold Tailings series, Fulcrum Metals CEO Ryan Mee discusses their approach to transforming mine waste into sustainable resources, highlighting the economic and environmental benefits.
PART 1 of the Fulcrum Metals PLC Tailings series featuring CEO Ryan Mee
Fulcrum Metals sees tailings as an opportunity to recover valuable metals and transform liabilities into assets, promising quicker cash flows and lower risks.
The company’s methods aim to regenerate local environments and economies while reducing the carbon footprint of mining operations.
This is part two of a special feature on the company, focusing on the tailings opportunity in Ontario.
Key Points Covered:
- Introduction and Tailings Problem:
- Ryan Mee explains the problem of mining tailings in Ontario and their environmental impact.
- Fulcrum Metals sees a significant opportunity to transform mining waste into a sustainable resource by extracting precious metals.
- Technological Solution:
- The company is leveraging innovative technology developed by their partner Extract to extract valuable metals from tailings.
- This technology is environmentally friendly, non-toxic, and has minimal water and energy requirements.
- Fulcrum Metals is in discussions for an exclusivity agreement with Extract and plans to establish a testing facility in Canada.
- Economic and Environmental Benefits:
- The rehabilitation of mining sites can regenerate local economies and reduce the carbon footprint.
- The Canadian government is supportive, as this aligns with their goals of addressing mining waste liabilities.
- The potential market is vast, with over $10 billion worth of gold in historic tailings in Ontario alone.
- Strategic and Operational Plans:
- Fulcrum Metals is conducting phased testing programs to prove the concept of their projects.
- They have started testing ahead of schedule and are optimistic about the results.
- The company aims to capitalize on first-mover advantage in Canada and demonstrate the viability of their approach to other stakeholders.
- Future Outlook:
- The video concludes with a mention of part three, which will detail specific tailings projects and their phased approach to testing and gold production.
The interview highlights the transformative potential of Fulcrum Metals’ approach to addressing mining tailings, combining economic viability with significant environmental benefits.
