Fulcrum Metals PLC, a company focused on mineral exploration and development in Canada, has announced the rescheduling of the focusIR Investor Webinar. The new time and date for the webinar will be announced in due course. The company aims to create an environmentally friendly and sustainable tailings and mine waste business, driving mining change through combining low discovery risk assets and jurisdictions with transformative technology capable of near-term cash flow while capitalizing on a portfolio of highly prospective exploration assets.
Fulcrum has acquired two gold tailings projects, the Teck-Hughes and Sylvanite gold tailings projects, in the prolific Kirkland Lake gold camp, Ontario. The projects are within 3km proximity of each other, with non-compliant estimates of 138,460 ounces of gold and 67,051 ounces of gold respectively, totaling 205,511 ounces, subject to verification by Fulcrum. The company is also working on delivering a licensing framework in Ontario with technology partners Extrakt Process Solutions and alliance partners Bechtel Engineering.
Additionally, Fulcrum has two drill-ready gold projects in Ontario, namely the Big Bear and Jackfish Schreiber - Hemlo properties, with a history of prospecting and localised extraction since the late 19th century. The Tully property, located 30 kilometers northeast of Timmins, hosts a NI 43-101 compliant resource of 107,000 ounces of gold. Fulcrum aims to establish the prospectivity of its wider non-core Ontario and Saskatchewan portfolio, which includes highly prospective base metal projects in Ontario and Uranium projects in Saskatchewan.
On 3 July 2024, Fulcrum announced that they had entered into a definitive option agreement with Terra Balcanica Resources Corp. for the sale of the Company's uranium projects in Saskatchewan. Under the terms of the agreement, Terra has the option to acquire 100% of Fulcrum's uranium projects by completing four years of staged exploration expenditures totaling CAD$3,000,000.