LONDON - Fulcrum Metals PLC (AIM: FMET), a mining company specializing in mineral exploration and development, has been featured in an investor initiation note published by Optimo Capital Limited, detailing the company's growth and operational strategies in Canada. This note provides investors with insights into Fulcrum's potential in the Canadian tailings market and its efforts to deliver long-term shareholder value.
The company, which processes mine waste using Extrakt's technology, is currently focusing on the Teck-Hughes and Sylvanite Tailing projects in Kirkland Lake, Ontario. These projects involve the reprocessing of tailings from historical gold mines, with the Teck-Hughes project alone estimated to contain 138,460 ounces of gold.
Fulcrum has also been in advanced discussions to secure exclusive rights to Extrakt's gold leaching technology for legacy mine waste sites in the Timmins and Kirkland Lake regions, which are known for their significant gold production history.
Recent testing of the Teck-Hughes gold tailings project has shown promising results, with gold recovery rates reaching up to 59.4% in preliminary batch leach tests using the Extrakt technology. The Sylvanite Gold Mine Tailings Project has also shown encouraging outcomes, with gold recovery improvements and a significant reduction in leaching times.
In addition to these tailings projects, Fulcrum maintains a portfolio of exploration assets in Ontario, including the Big Bear Gold and Tully Gold projects. The company has also optioned out a series of uranium projects in Saskatchewan to Terra Balcanica Resources.
Ryan Mee, CEO of Fulcrum, expressed optimism about the publication of the note, stating it would offer clarity and transparency about the company's achievements and future plans. Fulcrum aims to issue more research notes in partnership with Optimo to highlight its business and investment strategy.
It is important to note that the historical resource estimates mentioned have not been independently verified by Fulcrum and require detailed follow-up sampling to establish compliance with recognized resource reporting codes.
This article is based on a press release statement from Fulcrum Metals PLC.
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