JUNIOR MINING
Fulcrum Metals partnered with Extrakt Processing Solutions, which has developed a groundbreaking zero- cyanide, zero-waste process for tailings recovery.
Fulcrum leverages off the golden era Driven by the surge in gold prices, which surpassed $5 000 per ounce by early 2026, gold miners and technology specialists are exploring innovative solutions to reprocess gold tailings. Fulcrum Metals, a UK-based mining company, is advancing the opportunity through its partnership with Extrakt Processing Solutions, which has developed a groundbreaking zero-cyanide, zero-waste process for tailings recovery. Through pilot scale test work, the process has achieved high recoveries of gold, silver, copper, tellurium, and manganese in just six hours, CEO, Ryan Mee tells Modern Mining . W ith the gold price increasing from $1 471 per ounce in March 2020 to a recent high of $5 417 per ounce, miners are clamouring to unlock opportunities from tailings storage facilities (TSF). “While the strong gold price has certainly garnered waste (tailings) and the remediation of the sites. This approach enables Fulcrum to monitise the valuable contained metals, improve environmental outcomes and strengthen the social licence to operate.
The company is focused on recovering precious metals from legacy mine tailings in Canada, specifically targeting two main sites in Ontario: the Teck Hughes and Sylvanite gold tailings. The two sites are located just three kilometres apart, allowing for a regional processing hub approach. The combined estimate for the sites is over 10 million tonnes of material with potential for significant gold and critical mineral recovery. Fulcrum is advancing these sites towards production, with a 2025 pilot plant study and resource definition work (auger drilling) currently underway. The tailings reprocessing expert began a pilot plant scoping
significant interest from gold miners eager to reprocess TSFs, there are however, some that have taken the wait and see approach, expecting gold to continue its meteoric rise.” Fulcrum, a young company that listed on the London Stock Exchange in February 2023, recently shifted focus from exploration to tailings recovery, with partnerships and acquisitions in Canada. Its strategy involves working with asset holders to address tailings on a collaborative basis. The AIM quoted company is pioneering the use of an innovative technology to recover precious metals from mine
16 MODERN MINING www.modernminingmagazine.co.za | May 2026
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