REG - Fulcrum Metals PLC - Multi-element analysis & pilot plant update

Fulcrum MetalsAnnouncement

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RNS Number : 8915U  Fulcrum Metals PLC  02 March 2026

 

 

Fulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining

 

 

 

2 March 2026

 

 

Fulcrum Metals plc

("Fulcrum" or the "Company" or the "Group")

 

Fulcrum reports multi-element analysis at Sylvanite and updates on pilot plant

 

Fulcrum Metals plc (AIM: FMET), a company pioneering the use of innovative
cyanide free technology to recover precious and critical metals from mine
waste, is pleased to announce results from its Sylvanite scout hole surface
sampling programme and also updates on pilot plant plans.

 

Sylvanite Highlights:

 

▪    Average grades from surface across 26 new sample sites of 0.66g/t
gold, 0.71g/t silver, 11.72g/t tellurium and 17.1g/t gallium, targeting
previously unsampled and infill areas

 

▪    Other notable average grades include 115g/t rubidium, 637g/t
strontium and 144.5g/t zirconium

 

▪  The average grade of 0.66g/t gold exceeds historic drill holes averaging
0.54g/t and also the 0.47g/t average grade used in historic resource estimate
calculations

 

▪   Highest average grade reported at site SC4; 2.04g/t gold, 1.29g/t
silver, 14.2g/t tellurium and 17g/t gallium

 

▪   Sampling from surface to 5 metres depth confirming grades throughout
with all ending in mineralisation

 

The Sylvanite programme was designed to test previously unsampled areas and
infill test surface coverage across the project. In addition to confirming
gold and silver mineralisation, the sampling has identified the presence of
several critical and technology related metals not previously tested for at
the site.

 

The results will support the ongoing evaluation of potential commodities for
recovery test work and help inform planning for a future systematic drilling
programme.

 

 

Pilot Plant Planning

Fulcrum will attend the PDAC in Toronto, in early March for corporate and
Government meetings and then will visit Timmins, accompanied by technology
partners Extrakt Process Solutions LLC ("Extrakt") and alliance engineering
partners Bechtel Energy Technologies & Solutions, Inc. ("Bechtel") to
consider potential pilot plant locations.

 

 

Ryan Mee, Chief Executive Officer of Fulcrum, commented:

 

"The Sylvanite assays have expanded the gold mineralisation and returned
higher average grades than those reported historically. The assays also
identified silver, tellurium, gallium, rubidium, strontium and zirconium which
highlights the broader critical and technology metals potential of the
project, none of which had previously been tested for.

 

"These findings will help guide future recovery test work and help us plan a
systematic drill programme.

 

"Together with our partners Extrakt and Bechtel, we will now address the pilot
plant location and will visit potential pilot plant sites in Timmins next
week.

 

"I will regularly update shareholders on progress at our tailings projects as
our corporate strategy progresses."

 

Sylvanite - New sampling results

An additional 20 sites were sampled to extend and confirm areas of known
mineralisation, and at 6 infill locations adjacent to historically drilled
areas. Analysis of the samples using Fire assay for gold and ICP-MS Ultratrace
4 for multi-elements returned encouraging average grades of 0.66g/t gold,
0.71g/t silver, 11.72g/t tellurium and 17.1g/t gallium, together with other
notable average grades including 115g/t rubidium, 637g/t strontium and
144.5g/t zirconium.

 

The results support the design of a property-wide systematic auger drill
programme aimed at defining the lateral extent of the tailings ore body,
testing depths of new areas of mineralisation and confirming grades and
mineralisation types including both precious metals and critical minerals.

 

Sylvanite - Background

Historic records from 2008 show 149 holes drilled to depth, of which 20 holes
were fully assayed, returning an average grade of 0.54g/t gold, with a further
nine holes partially assayed.

 

Fulcrum collected 31 surface grab samples during 2024 and 2025 averaging
0.65g/t gold with the highest being 1.6g/t. Surface samples are typically down
to 0.5-0.7 metres. Further scout auger holes and sampling were commissioned to
generate additional data to support planning of the next phase of work at
Sylvanite.

 

PDAC attendance and Timmins visit to review potential Pilot Plant sites

A delegate consisting of Ryan Mee (CEO), Mitchell Smith (Chairman), Aidan
O'Hara (Director) and Andrew Kane (consultant from AP Kane & Associates
Ltd) will attend PDAC in Toronto from 2 - 4 March for a number of arranged
meetings about our tailings assets and strategy.

 

Ryan Mee and Andrew Kane along with William Florman (President of Extrakt) and
John Gunn (Manager of Emerging Technologies, Technologies & Solutions,
Bechtel Energy) will then visit Timmins to undertake an initial review of
potential sites for the Pilot Plant, and other critical supply chain
components, as part of the Pilot scoping study.

 

 

Figure 1 - Inset map of new Sylvanite samples average gold grade (purple and
green squares)

 

 

Figure 2 - Sylvanite property map with new average grades (purple and green
squares)

 

 

Figure 3 - Average grades reported by site at Sylvanite. Sampling ended in
mineralisation suggesting further depth to the bottom of the tailings.

 

 Auger Hole   From (m)  To (m)  Actlab Au ppm Ave  Actlab Ag ppm Ave  Actlab Te ppm Ave  Actlab Ga ppm Ave
 SC2          0.0       0.7     0.816              1.430              12.700             16.300
 SC3          0.0       0.7     1.490              1.120              12.000             16.700
 SC4          0.0       0.7     2.040              1.290              14.200             17.000
 SY-139-01    0.0       0.6     0.624              0.670              12.500             16.700
 SY-139-02    0.0       0.7     0.347              0.510              8.400              13.300
 SY-139-03    0.0       1.3     0.719              0.738              13.212             17.072
 SYS-900-01   0.0       5.0     0.398              0.562              12.420             17.940
 SYS-900-02   0.0       3.0     0.580              0.667              11.733             17.200
 SYS-900-03   0.0       3.0     0.622              0.663              11.700             16.167
 SYS-900-04   0.0       3.0     0.579              0.647              11.067             16.700
 SYS-900-05   0.0       4.0     0.509              0.665              11.350             16.875
 SYS-900-06   0.0       2.0     0.622              0.770              11.100             17.100
 SYS-900-07   0.0       3.0     0.559              0.677              11.033             17.267
 SYS-900-08   0.0       2.0     0.617              0.720              11.150             17.100
 SYS-900-09   0.0       2.0     0.602              0.685              9.300              16.850
 SYS-900-10   0.0       2.0     0.571              0.645              11.600             17.000
 SYS-900-11   0.0       2.0     0.922              0.760              12.300             16.400
 SYS-900-12   0.0       2.0     0.793              0.735              11.900             17.100
 SYS-900-13   0.0       3.0     0.851              0.727              11.467             17.000
 SYS-900-14   0.0       3.0     0.751              0.677              10.667             16.733
 SYS-900-15   0.0       3.0     0.911              0.737              12.667             17.533
 SYS-900-16   0.0       3.0     0.646              0.723              11.900             17.500
 SYS-900-17   0.0       3.0     0.654              0.727              12.500             17.733
 SYS-900-18   0.0       3.0     0.653              0.710              12.033             16.967
 SYS-900-19   0.0       3.0     0.574              0.697              12.267             17.433
 SYS-900-20   0.0       2.0     0.622              0.665              12.300             16.950
 Grand Total                    0.663              0.705              11.723             17.058

 

 

 

Figure 4 - Map of Teck Hughes and Sylvanite Gold Tailings Projects in Kirkland
Lake

 

Technical Glossary

 Au                   Gold
 Ag                   Silver
 Ga                   Gallium
 Te                   Tellurium
 Fire Assay           An assay procedure involving heating the sample in a furnace to ensure
                      complete extraction of all the contained precious metal
 g/t                  Grams per metric tonne
 ICP-MS Ultratrace 4  Four acid near-total sample digestion followed by ICP-MS multi-element
                      analysis
 ppm                  Parts per million

 

 

Qualified Person Statement

The technical information in this announcement has been reviewed by Edward
(Ed) Slowey, BSc, PGeo, technical advisor to Fulcrum Metals Plc. Mr Slowey is
a graduate geologist with more than 40 years' relevant experience in mineral
exploration and mining and a founder member of the Institute of Geologists of
Ireland. Mr Slowey has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the activity
which has been undertaken to qualify as a "Qualified Person" in accordance
with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr
Slowey consents to the inclusion in the announcement of the matters based on
their information in the form and context in which it appears.

 

FOR FURTHER INFORMATION

Visit: www.fulcrummetals.com (http://www.fulcrummetals.com)

Follow on X: @FulcrumMetals

Contact:

 

 Fulcrum Metals PLC
 Ryan Mee (Chief Executive Officer)           Via St Brides Partners Limited

 Allenby Capital Limited (Nominated adviser)
 Nick Athanas / Ashur Joseph                  Tel: +44 (0) 203 328 5656

 Clear Capital Markets Limited (Broker)
 Bob Roberts                                  Tel: +44 (0) 203 869 6081

 St Brides Partners Ltd (Financial PR)
 Ana Ribeiro / Paul Dulieu                    Tel: +44 (0) 20 7236 1177

 

 

 

Notes to Editors

 

About Fulcrum Metals PLC

 

Fulcrum Metals PLC (AIM: FMET) is an AIM listed technology led natural
resources company focused on recovery of precious metals from mine tailings
(previously milled and processed ore) in Canada using environmentally friendly
leaching technology developed by Extrakt Process Solutions LLC and its
associates (together "Extrakt").  The Company's projects are the tailing
sites of the former Teck-Hughes and Sylvanite gold mines, located at the
Kirkland Lake region in Ontario. In addition, the Company has interests in a
portfolio of highly prospective mineral exploration and development projects
in both Ontario and Saskatchewan Canada.

 

Fulcrum has exclusive rights to use Extrakt's proven cyanide free technology
on gold mine waste sites over the mining districts of Timmins and Kirkland
Lake. These are two of Canada's biggest gold camps with a historical
production above 110Moz over the past 100 years, leaving and more than 70
documented legacy mine waste sites. Fulcrum thus has the opportunity to become
a significant, environmentally friendly, near-term gold producer.

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