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Fulcrum Metals Plc ( (GB:FMET) ) has provided an update.
Fulcrum Metals plc announced positive results from a Phase 2 conceptual study at its Teck Hughes Gold Tailings Project in Ontario, Canada. The study, conducted by Extrakt Process Solutions and TDI, indicates a scalable opportunity for tailings reprocessing across Canada, with a pre-tax NPV of $33 million and an IRR of 21.4% over a nine-year operational life. The company plans to optimize parameters to increase gold recovery rates, potentially enhancing the project’s economic returns and positioning Fulcrum as a leader in tailings reprocessing. This development could significantly impact the company’s operations and stakeholder interests by advancing technology exclusivity agreements in key Canadian gold mining regions.
More about Fulcrum Metals Plc
Fulcrum Metals plc is a technology-led company in the mining sector, focusing on the recovery of precious metals from mine tailings in Canada. The company is involved in innovative processes to enhance environmental sustainability while generating returns from reprocessing mine waste.
YTD Price Performance: -16.13%
Average Trading Volume: 102,210
Technical Sentiment Consensus Rating: Buy
See more data about FMET stock on TipRanks’ Stock Analysis page.