Fulcrum signs exclusivity agreement with Extrakt for cutting-edge technology for reprocessing tailings

Highlights       

• Extrakt technology to be applied to develop both of Fulcrum’s Teck Hughes and Sylvanite projects in Kirkland Lake towards production.
• Fulcrum’s Teck Hughes and Sylvanite projects have an estimated in situ value of over US$700 million in gold, gallium, tellurium, and silver (based on the current commodity prices).
• Extrakt’s non-cyanide technology testing programme 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.
• The tailings are above surface and suitable, and ready for reprocessing.
• 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.
• 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.

Ryan Mee, Chief Executive Officer of Fulcrum, commented:

“I am delighted we have signed the MLA and to be collaborating with Extrakt in applying their cutting-edge non-cyanide technology that has delivered breakthrough results on our projects.

“We look forward to working with Extrakt to develop and unlock the substantial above surface mineral wealth at our Teck Hughes and Sylvanite projects, and strengthen our exposure to other sites under this milestone exclusivity arrangement.”

Read the article online at: https://www.globalminingreview.com/mining/23052025/fulcrum-signs-exclusivity-agreement-with-extrakt-for-cutting-edge-technology-for-reprocessing-tailings/