RE: Fulcrum Metals: Exclusivity Agreement with Extrakt Process Solutions LLC23 May 2025 14:55
Highlights
路 Fulcrum signs Exclusive Agreement with Extrakt over legacy gold mine waste sites in Timmins and Kirkland Lake, two of Canada's most prolific gold camps
路 Extrakt technology to be applied to develop both of Fulcrum's Teck Hughes and Sylvanite projects in Kirkland Lake towards production
路 Fulcrum's Teck Hughes and Sylvanite projects have an estimated in situ value of over US$700m in gold, gallium, tellurium and silver (based on today's commodity prices)
路 Extrakt's non-cyanide technology testing program at Fulcrum's Teck Hughes project has delivered non-optimised significantly increased gold recovery rates of up to 59.4% and substantially reduced leaching times by 60%, with further optimisation upside potential
路 The tailings are above surface and suitable and ready for reprocessing
路 Clear pathway to production at Fulcrum's flagship Teck Hughes project, which can be scaled through tie in of Sylvanite and other local sites and across the wider Timmins and Kirkland Lake regions within the exclusivity zone that contains over 70 mine waste sites
路 Exclusivity Agreement runs for an initial period of 4 years, and can be extended for up to a total of 12 years by mutual agreement.
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