Fulcrum Metals PLC Announces Pilot site & Pilot Technology Agreement Secured
Key Highlights
- ➤Pilot site, technology agreement secured for funded Teck-Hughes programme
- ➤12,526-square-foot Mississauga facility leased for six years
- ➤Commissioning targeted by end of Q4 2026
- ➤Proposed US$20 million royalty financing hinges on successful Teck-Hughes pilot
- ➤Facility capacity planned at up to 2.4 tonnes per day
Expert Statements
Ryan Mee, Chief Executive Officer of Fulcrum Metals
“Securing the site and signing the Pilot Scale Demonstration Agreement are major execution milestones that move our funded pilot facility and initial Teck-Hughes programme into physical delivery. Fit-out and commissioning remain targeted by end of Q4 2026, while the scale of the premises provides the flexibility to modify and expand the pilot capability as the project pipeline develops.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals
“Successful Teck-Hughes validation is a key condition of the proposed US$20 million Chancery non-dilutive financing. It is also designed to generate the operating, engineering and economic evidence needed to support commercial development.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals
“This is not a one-project pilot. It is a multi-project development accelerator that moves projects using Extrakt's technology from laboratory testing towards commercial development decisions without building a separate pilot facility for each project. Teck-Hughes and Sylvanite are the first projects; our exclusive rights and partner-led opportunities provide the pathway to scale.”
BROMSGROVE, UK / ACCESS Newswire / October 5, 2026 / Fulcrum Metals plc ("Fulcrum" or the "Company" or the "Group") (AIM:FMET)(OTCQB:FULMF), which is developing a scalable platform to recover precious and critical metals from mine waste using Extrakt's cyanide-free technology, is pleased to announce that it has secured the site for its standalone, multi-project pilot facility in Mississauga, Ontario, and signed a Pilot Scale Demonstration Agreement (the "Demonstration Agreement") with Extrakt Process Solutions LLC ("Extrakt") and Test Design Implement Solutions LLC ("TDI").
Together, these major milestones secure the site, technology and delivery framework for Fulcrum's funded pilot facility and initial Teck-Hughes programme. Successful pilot testing at Teck-Hughes is a key condition of the proposed US$20 million gold royalty financing with Chancery Royalty Ltd. ("Chancery Royalty"), providing a potential non-dilutive pathway towards commercial development.
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