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LONDON - Fulcrum Metals PLC (AIM:FMET), a technology-led mining company, has released an updated corporate presentation detailing its strategic plan to become a producer of gold and other precious minerals. The company, which specializes in recovering precious metals from mine tailings in Canada, has announced a significant step in its development with the signing of a Master Licence Agreement with Extrakt Process Solutions LLC.
The agreement grants Fulcrum exclusive rights to use Extrakt’s cyanide-free technology for processing gold mine waste in the Timmins and Kirkland Lake regions of Ontario, areas known for their extensive gold mining history. Fulcrum’s approach aligns with a growing industry trend towards more environmentally conscious mining practices.
The updated corporate presentation is now available on the company’s website and outlines Fulcrum’s focus on transforming its operations to capitalize on the potential of mine tailings. The company’s projects include the tailing sites of the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region.
As part of their ongoing engagement with key stakeholders, Fulcrum’s CEO Ryan Mee and Independent (LON:IOG) Non-Executive Chairman Mitchell Smith will attend the Canadian Mining Expo from June 3-5 at the McIntyre Complex in Timmins, Ontario. The event will provide an opportunity for the company to connect with government departments, local communities, and industry professionals.
Fulcrum’s development strategy aims to leverage the technological capabilities provided by Extrakt to unlock the value of legacy mine waste sites across two of Canada’s largest gold camps, which have a combined history of over 110 million ounces of gold production.
This announcement, based on a press release statement, signals Fulcrum’s commitment to environmentally sustainable mining practices and its intent to establish itself as a significant player in the recovery of precious and critical minerals. The company’s progress and strategic direction will be watched closely by industry observers and investors alike.
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