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Fulcrum Metals Plc ( (GB:FMET) ) has provided an announcement.
Fulcrum Metals has reported significantly improved metallurgical results from Phase 3 optimisation trials at its 100% owned Teck Hughes tailings project in Ontario, using Extrakt’s cyanide-free TNS technology. Gold recovery has risen to 78%, a 31% gain on earlier testing, with strong co-product recoveries including up to 95% silver, 96% tellurium, 85% copper and some gallium, underpinning the project’s potential to recover multiple metals from a single-stage leach process.
The latest test work indicates a conceptual in-situ metal value of about US$750 million and a potential recoverable value exceeding US$550 million, while also demonstrating rapid six-hour leach cycles, sub-one-minute dewatering and high water and reagent recycling that could lower operating costs and support closed-loop, low-impact operations. These results strengthen the technical and economic case for Teck Hughes, support Fulcrum’s plan to advance to larger-scale and pilot testing, and enhance its positioning as an environmental remediation and mine-waste reprocessing specialist within the mining sector.
More about Fulcrum Metals Plc
Fulcrum Metals plc is an AIM-quoted mining company focused on recovering precious and critical metals from mine waste, primarily through its Teck Hughes and Sylvanite tailings projects in Kirkland Lake, Ontario. It is pioneering cyanide-free, closed-loop processing technologies in partnership with Extrakt to create a Zero-Cyanide, Zero-Waste regional processing hub for tailings reprocessing and site remediation.
Average Trading Volume: 519,650
Technical Sentiment Signal: Buy
Current Market Cap: £12.1M
See more insights into FMET stock on TipRanks’ Stock Analysis page.