JUNIOR MINING
The company is focused on recovering precious metals from legacy mine tailings in Canada.
Expansion and market opportunities Although Canada is a major mining jurisdiction with decades of opportunity, Fulcrum’s expansion strategy targets markets beyond Canada, focusing on opportunities that align with the company’s expertise and capabilities. “We are exploring collaborations and partnerships with mining companies to process their tailings or acquire additional sites,” Mee explains. “Each opportunity is evaluated on its own merits, with an eye on untapped potential. Our goal is to deliver significant value to both investors and local communities, leveraging strategic partnerships and resources.” To establish proof of concept for its innovative technology, Fulcrum initially acquired its own sites. “Our strategy is to work with asset holders—government or private—to address challenges associated with tailings storage facilities (TSFs). In some cases, we may take ownership of a TSF, while in others, we partner with the owners to rehabilitate the site, generate revenue, and reinvest in other projects.” Africa, with its long mining history, represents a particularly attractive growth opportunity. Fulcrum is considering countries such as South Africa and Ghana, where Canadian, Australian, and UK-based companies are already active. The company engaged with potential partners on the sidelines of Mining Indaba to establish relationships across the continent. “There are opportunities to run pilot projects in Africa, and multiple projects can operate simultaneously. The size of the project—whether 5 000 tonnes, 10 million tonnes, or 100 million tonnes—does not change the process,” Mee notes. “Fulcrum is currently positioned as a £10 million company, but our strategy goes beyond scaling individual projects—we aim to grow the business as a whole. We have laid the foundation blocks and are aggressively pursuing expansion,” he concludes. n
Fulcrum Metals partnered with Extrakt Processing Solutions, which has developed a groundbreaking zero-cyanide, zero-waste process for tailings recovery.
Fulcrum Metals Sylvanite Tailings.
18 MODERN MINING www.modernminingmagazine.co.za | May 2026
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