Fulcrum Metals joined AIM in 2023 as a traditional early-stage minerals explorer with gold and uranium projects in Canada. But markets changed, and recognising this, the last 12 months have seen a transformation, switching focus to nearer-term production opportunities in reprocessing gold tailings in two of the biggest gold camps in Canada – Timmins and Kirkland Lake. Fulcrum acquired the Teck-Hughes and Sylvanite gold tailings projects, which are thought to hold a combined 205koz of gold worth US$530m at today's spot price of US$2,600. This has been left behind as the waste from gold production from these two old major mines, stretching back to the 1920s.
Fulcrum Metals: Optimo Capital
Jan 13, 2025Disclaimer & Declaration of Interest
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