Fulcrum Metals plc
Fulcrum Metals plc (AIM: FMET) is a technology-led natural-resources company recovering precious metals from historic mine tailings in Ontario's Kirkland Lake camp using a cyanide-free leaching process licensed from Extrakt Process Solutions LLC. Its initial projects are the tailings of the former Teck-Hughes and Sylvanite gold mines; it also holds the Big Bear and Jackfish projects in the Schreiber-Hemlo Greenstone Belt. A fully funded pilot plant (via a contract with TDI Solutions) is now underway at Teck-Hughes, reporting up to 78% gold recovery. Historic (non-compliant) tailings tonnage estimates of ~6.53Mt at 0.66g/t (138,460oz) for Teck-Hughes and ~4.14Mt at 0.47g/t (67,051oz) for Sylvanite have been cited by the company but are not current NI 43-101/JORC-compliant resource estimates on the reprocessable tailings material, so they are not recorded in ouncesFound.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
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Your Rankings
Management Team
Chief Executive Officer, Director and co-founder of Fulcrum Metals plc. Serial private investor in the natural resources space turned entrepreneur, developing cyanide-free technology to unlock value from historic mine waste. Appointed October 2022.
Chief Financial Officer, Company Secretary and Director of Fulcrum Metals plc.
Independent Non-Executive Chairman of Fulcrum Metals plc.
Significant capital markets experience with a strong track record supporting the listing, financing and growth of public and private companies, predominantly in Canada.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
The largest disclosed holder, Nicholas Nugent, crossed 15.73% of voting rights in August 2026, but he is not identified anywhere as a professional resource-sector investor, so this does not clear the rubric's specialist-fund bar. Fellow AIM explorer Metals One recently sold down its stake rather than building it, and no director has bought on-market.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Historic (non-NI 43-101-compliant) tailings estimates cited by the company: Teck-Hughes ~6.53Mt @ 0.66 g/t Au (~138,460oz); Sylvanite ~4.14Mt @ 0.47 g/t Au (~67,051oz). Not used for ouncesFound.