{"success":true,"data":{"pressRelease":{"id":"159921","rtpr_id":"nACSG1scva-20261005","ticker":"FMET","exchange":"NASDAQ","all_tickers":["FMET","FMETF"],"title":"Fulcrum Metals PLC Announces Pilot site & Pilot Technology Agreement Secured","author":"ACCESSWIRE","published_at":"2026-10-05T06:00:00.786Z","article_body":"BROMSGROVE, UK / ACCESS Newswire (https://www.accessnewswire.com/) / October\n5, 2026 / Fulcrum Metals plc (\"Fulcrum\" or the \"Company\" or the \"Group\")\n(AIM:FMET)(OTCQB:FULMF), which is developing a scalable platform to recover\nprecious and critical metals from mine waste using Extrakt's cyanide-free\ntechnology, is pleased to announce that it has secured the site for its\nstandalone, multi-project pilot facility in Mississauga, Ontario, and signed a\nPilot Scale Demonstration Agreement (the \"Demonstration Agreement\") with\nExtrakt Process Solutions LLC (\"Extrakt\") and Test Design Implement Solutions\nLLC (\"TDI\").\n\nTogether, these major milestones secure the site, technology and delivery\nframework for Fulcrum's funded pilot facility and initial Teck-Hughes\nprogramme. Successful pilot testing at Teck-Hughes is a key condition of the\nproposed US$20 million gold royalty financing with Chancery Royalty Ltd.\n(\"Chancery Royalty\"), providing a potential non-dilutive pathway towards\ncommercial development.\n\nHighlights\n* Funded pilot moves into delivery: site, technology and operating framework\nsecured for the initial Teck-Hughes programme\n* Gateway to proposed US$20 million financing: successful Teck-Hughes pilot\ntesting is a key condition of Chancery Royalty's proposed non-dilutive\nfinancing\n* Pilot site secured: 12,526 square feet facility provides space and\nflexibility to modify and expand operations; initial six-year lease with\ncommissioning targeted by end of Q4 2026\n* Extrakt technology enabled: signed agreement allows TDI to deploy and\noperate Extrakt's proprietary cyanide-free technology at Fulcrum's facility\n* Multi-project development accelerator moves Extrakt technology-led projects\nfrom laboratory testing to commercial development decisions without\nproject-specific pilot builds\n* Platform for scale: Teck-Hughes and Sylvanite are the initial projects;\nFulcrum's exclusive Extrakt deployment areas encompass more than 70 documented\ntailings sites², with partner-led opportunities providing an additional route\nto scale\nRyan Mee, Chief Executive Officer of Fulcrum, commented:\n\n\"Securing the site and signing the Pilot Scale Demonstration Agreement are\nmajor execution milestones that move our funded pilot facility and initial\nTeck-Hughes programme into physical delivery. Fit-out and commissioning remain\ntargeted by end of Q4 2026, while the scale of the premises provides the\nflexibility to modify and expand the pilot capability as the project pipeline\ndevelops.\n\n\"Successful Teck-Hughes validation is a key condition of the proposed US$20\nmillion Chancery non-dilutive financing. It is also designed to generate the\noperating, engineering and economic evidence needed to support commercial\ndevelopment.\n\n\"This is not a one-project pilot. It is a multi-project development\naccelerator that moves projects using Extrakt's technology from laboratory\ntesting towards commercial development decisions without building a separate\npilot facility for each project. Teck-Hughes and Sylvanite are the first\nprojects; our exclusive rights and partner-led opportunities provide the\npathway to scale.\"\n\nBackground information\n\nThe pilot facility\n\nThe Mississauga premises comprise approximately 12,526 square feet of\ndedicated industrial space in the Greater Toronto Area (the \"Mississauga\nFacility\"). Fulcrum's wholly owned subsidiary, Fulcrum EnviroTech Corp.\n(\"Fulcrum EnviroTech\"), has entered into a six-year lease commencing on 1\nOctober 2026, with an option to extend for a further six years. The scale and\nconfiguration of the premises provide flexibility to modify and expand pilot\noperations as programme requirements develop.\n\nLocated within the Greater Toronto Area, the site provides access to\nestablished transport, engineering, fabrication and technical-service\ninfrastructure. The premises are intended to accommodate the pilot equipment,\nsupporting infrastructure, sample handling and operational requirements for\nthe initial Teck-Hughes programme and subsequent agreed programmes.\n\nThe planned pilot facility will have a capacity of up to 2.4 tonnes per day,\nprocessing batches of approximately 600 kilograms. Fit-out and commissioning\nremain targeted by end of Q4 2026.\n\nPilot Scale Demonstration Agreement\n\nThe Demonstration Agreement supplements the Piloting Agreement and Equipment\nLease entered into by Fulcrum EnviroTech and TDI in June 2026. Under the\nagreement, Extrakt grants TDI permission to deploy, operate and demonstrate\nExtrakt's proprietary technology at the Mississauga Facility for the initial\nTeck-Hughes pilot programme and any subsequent programmes agreed under the\nrelevant programme agreements.\n\nTDI will deploy and operate the pilot equipment and deliver the services\ngoverned by each applicable programme agreement. Fulcrum will provide and\nmaintain the premises and will own the project-specific data and results\nrequired for the evaluation, development, financing, permitting and\ncommercialisation of its projects, subject to the agreed protections for\nExtrakt's technology and TDI's intellectual property.\n\nThe agreement also permits pilot programmes with approved project partners,\nsubject to an applicable programme agreement, supporting the facility's\nintended use as a multi-project platform.\n\nPathway to proposed non-equity project financing\n\nThe pilot facility and initial Teck-Hughes programme are funded.\n\nFulcrum EnviroTech has signed a non-binding term sheet with Chancery Royalty\nfor a proposed US$20 million royalty financing to support the future\ndevelopment of Teck-Hughes. Successful pilot testing is a key condition of the\nproposed financing. Subject to due diligence, definitive documentation and\ncustomary conditions, Chancery would acquire a 5% net smelter return royalty\nover future gold production from Teck-Hughes for US$20 million. Fulcrum would\nretain the right, for two years after commercial production begins, to\nrepurchase 2% of the royalty for US$10 million.\n\nCompletion of the site lease and the Demonstration Agreement therefore\nadvances a defined sequence from funded pilot delivery, through Teck-Hughes\npilot validation, to potential access to non-equity project-level development\ncapital.\n\nProject development accelerator\n\nThe pilot facility is designed to move projects using Extrakt's cyanide-free\ntechnology from laboratory testing towards commercial development decisions.\nPilot programmes are intended to validate integrated recovery performance,\noptimise operations and test repeatability, generating the operating,\nengineering, environmental and economic inputs required to evaluate scale-up.\n\nAs a multi-project facility, the same infrastructure and operating capability\ncan be applied across successive programmes without requiring a separate pilot\nfacility for each project. This can reduce the time and capital required,\nadvance permitting and support earlier decisions on process design, economic\nassessment, financing and commercial development.\n\nPlatform for scale\n\nTeck-Hughes and Sylvanite are Fulcrum's first mine-waste projects. Successful\npilot programmes are intended to build the knowledge, operating capability and\nrepeatable development pathway needed to develop a potential pipeline of\nopportunities through Fulcrum's exclusive Extrakt rights across the Kirkland\nLake and Timmins mining districts, which contain more than 70 documented\nlegacy mine-waste sites.\n\nThe facility may also support approved partner-led programmes, providing an\nadditional route to identify and participate in projects through flexible\ncommercial structures.\n\nWhy Is Fulcrum developing a multi-project pilot facility?\n1. Why are the pilot site and Demonstration Agreement major\nmilestones?Together, they move Fulcrum's funded pilot strategy into physical\ndelivery. The site, technology access and operating framework are now secured,\nwith fit-out and commissioning targeted by end of Q4 2026.\n2. What will the pilot facility do?The facility will use Extrakt's proprietary\ncyanide-free technology to move projects from laboratory testing towards\ncommercial development decisions. With planned capacity of up to 2.4 tonnes\nper day, it will generate integrated pilot-scale operating, engineering,\nenvironmental and economic data.\n3. Why is the facility a multi-project development accelerator?The same\ninfrastructure and operating capability can be applied across successive\nprojects rather than constructing a separate pilot facility for each project.\nThis is designed to reduce the time and capital required to evaluate projects\nand support earlier permitting, financing and development decisions.\n4. What could successful Teck-Hughes pilot testing unlock?Successful pilot\ntesting is a key condition of Chancery Royalty's proposed US$20 million\nnon-equity project financing. It would also provide the technical and economic\nevidence needed to advance Teck-Hughes towards commercial development.\n5. How does the facility support Fulcrum's wider growth strategy?Teck-Hughes\nwill be the initial programme, followed by Sylvanite. The facility is also\nintended to support a potential pipeline across Fulcrum's exclusive Extrakt\nrights in Kirkland Lake and Timmins, which contain more than 70 documented\nlegacy mine-waste sites, together with approved partner-led opportunities.\nEnds\n\nEngage with the Fulcrum Metals plc management team directly by asking\nquestions, watching video
summaries and seeing what other shareholders have\nto say. Navigate to our interactive investor
hub here:\nhttps://fulcrummetals.com/s/7fc3a5\n\nSubscribe to our news alert service: https://fulcrummetals.com/s/c5b90a\n\nRyan Mee, CEO of Fulcrum Metals, talks about the importance of today's\nannouncement:\n(https://app.accessnewswire.com/imagelibrary/2fc1f391-e759-4243-a372-c495e82f8c12/image.png)\nhttps://dyig81gdxcgyb.cloudfront.net/3839197/6e425708-f4ea-d39b-806a-f320ca2c9be5.mp4\n\nFor further information, please contact:\n\n Investor questions on this announcement  We encourage all investors to share questions on this announcement via our investor hub  https://fulcrummetals.com/link/epDBOe       \n Fulcrum Metals plc  Ryan Mee, Chief Executive Officer                                                                             Via our investor hub; Or through St Brides  \n Allenby Capital Limited (Nominated adviser)  Nick Athanas / Ashur Joseph                                                          Tel: +44 (0) 203 328 5656                   \n Clear Capital Markets Limited (Broker)  Bob Roberts                                                                               Tel: +44 (0) 203 869 6081                   \n St Brides Partners Ltd (Financial PR)  Ana Ribeiro / Charlotte Page                                                               Tel: +44 (0) 20 7236 1177                   \n\nFollow us.\n\n (https://app.accessnewswire.com/imagelibrary/b769281e-d664-4d34-8aa9-400c72f8fb71/1232623/image.jpeg)  @FulcrumMetals                               \n                                                                                                        Fulcrum Metals PLC (https://pr.report/s1d3)  \n\nNotes to Editors\n\nAbout Fulcrum Metals plc\n\nFulcrum Metals plc (AIM:FMET)(OTCQB:FULMF)(FSE:J2M) is a technology-led\nnatural resources company developing a scalable platform to recover precious\nand critical metals from historical mine waste and support the potential\nregeneration of legacy mine sites. Its model combines project ownership, a\nmulti-project pilot facility and commercial development capability to advance\nprojects using cyanide-free technology developed by Extrakt Process Solutions\nLLC and its associates (together, \"Extrakt\") from laboratory testing towards\ncommercial deployment, supported by exclusive regional rights.\n\nThe Company's initial projects comprise the legacy mine-waste sites of the\nformer Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region of\nOntario. Historical estimates, which require verification by Fulcrum, indicate\nthat the sites contain more than 10 million tonnes of tailings in aggregate.\nFulcrum also holds a portfolio of mineral exploration and development\ninterests across Ontario and Saskatchewan, Canada.\n\nFulcrum holds exclusive rights to deploy Extrakt's technology at legacy gold\nmine-waste sites across the Kirkland Lake and Timmins mining districts, which\nhave produced more than 110 million ounces of gold historically(1) and contain\nmore than 70 documented legacy mine-waste sites(2.)\n\nThe multi-project pilot facility is intended initially to accelerate\ndevelopment decisions at Teck-Hughes and Sylvanite. These programmes will\ngenerate the knowledge, operating capability and repeatable development\npathway needed to establish a scalable pipeline of projects across Fulcrum's\nexclusive Extrakt rights in Kirkland Lake and Timmins, as well as wider\nopportunities pursued through flexible commercial structures.\n\nSources and basis of estimates\n\n¹ Ontario Geological Survey, Summary of Field Work and Other Activities 2024,\nOpen File Report 6413, Article 6, p.6-1. The report records historical gold\nproduction of approximately 72 Moz from the Timmins camp and 40 Moz from the\nKirkland Lake camp.\n\n² Count derived from Fulcrum's spatial review of the \"Abandoned Tailings\nOntario\" layer in CIM Magazine's A Counting of Tailings in Canada interactive\nArcGIS map (October 2020), compiled using publicly available Ontario\ngovernment data. More than 70 documented abandoned tailings sites fall within\nthe Kirkland Lake and Timmins areas covered by Fulcrum's exclusive rights to\ndeploy Extrakt's technology. The sites require project-specific evaluation and\ndo not represent projects currently owned or controlled by Fulcrum.\n\nFrequently asked questions\n\n1. What is mine waste and why is the opportunity emerging now?\n\nMine waste, or tailings, have already been mined, crushed and processed and\nare sitting at surface, yet can still contain valuable unrecovered precious\nand critical metals. Modern recovery technology creates the potential to\nunlock that value while supporting the regeneration of legacy mine sites.\n\n2. What makes Fulcrum's approach different?\n\nFulcrum is building a scalable mine-waste recovery platform combining owned\nprojects, a multi-project pilot facility designed to accelerate projects from\nlaboratory testing towards commercial development, and exclusive rights to\ndeploy Extrakt's cyanide-free technology across Kirkland Lake and Timmins. The\nowned projects are intended to prove the model; the platform provides the\npathway to scale it.\n\n3. Why are Teck-Hughes and Sylvanite important?\n\nTeck-Hughes and Sylvanite provide Fulcrum with a substantial initial project\nbase: historical estimates indicate more than 10 million tonnes of tailings in\naggregate, which require verification by Fulcrum. Teck-Hughes is the first\nproving project; nearby Sylvanite provides the opportunity to apply the same\nknowledge, infrastructure and development pathway to a second project and\ndemonstrate repeatability.\n\n4. Is Fulcrum building projects or a platform?\n\nBoth. Teck-Hughes and Sylvanite provide direct project exposure and are\nintended to prove the model. The multi-project pilot facility is the gateway\nfor successive projects using Extrakt's technology. Fulcrum's exclusive rights\nto deploy that technology across Kirkland Lake and Timmins-where more than 70\nlegacy mine-waste sites are documented-together with approved partner-led\nopportunities, provide the pathway to scale\n\n5. How could Fulcrum's platform create value?\n\nFulcrum intends to create value by advancing its owned projects and\nparticipating in selected additional opportunities through project interests,\njoint ventures, strategic partnerships and royalties. This provides multiple\npotential routes to value beyond reliance on a single asset.\n\nVisit: https://fulcrummetals.com/\n\nThis information is provided by RNS, the news service of the London Stock\nExchange. RNS is approved by the Financial Conduct Authority to act as a\nPrimary Information Provider in the United Kingdom. Terms and conditions\nrelating to the use and distribution of this information may apply. For\nfurther information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Fulcrum Metals plc\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/fulcrum-metals-plc-announces-pilot-site-and-pilot-technology-agreement-secured-1232623)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSG1scva-20261005","title":"Fulcrum Metals PLC Announces Pilot site & Pilot Technology Agreement Secured","author":"ACCESSWIRE","ticker":"FMET","created":"2026-10-05T06:00:00.786Z","tickers":["FMET","FMETF"],"exchange":"NASDAQ","article_body":"BROMSGROVE, UK / ACCESS Newswire (https://www.accessnewswire.com/) / October\n5, 2026 / Fulcrum Metals plc (\"Fulcrum\" or the \"Company\" or the \"Group\")\n(AIM:FMET)(OTCQB:FULMF), which is developing a scalable platform to recover\nprecious and critical metals from mine waste using Extrakt's cyanide-free\ntechnology, is pleased to announce that it has secured the site for its\nstandalone, multi-project pilot facility in Mississauga, Ontario, and signed a\nPilot Scale Demonstration Agreement (the \"Demonstration Agreement\") with\nExtrakt Process Solutions LLC (\"Extrakt\") and Test Design Implement Solutions\nLLC (\"TDI\").\n\nTogether, these major milestones secure the site, technology and delivery\nframework for Fulcrum's funded pilot facility and initial Teck-Hughes\nprogramme. Successful pilot testing at Teck-Hughes is a key condition of the\nproposed US$20 million gold royalty financing with Chancery Royalty Ltd.\n(\"Chancery Royalty\"), providing a potential non-dilutive pathway towards\ncommercial development.\n\nHighlights\n* Funded pilot moves into delivery: site, technology and operating framework\nsecured for the initial Teck-Hughes programme\n* Gateway to proposed US$20 million financing: successful Teck-Hughes pilot\ntesting is a key condition of Chancery Royalty's proposed non-dilutive\nfinancing\n* Pilot site secured: 12,526 square feet facility provides space and\nflexibility to modify and expand operations; initial six-year lease with\ncommissioning targeted by end of Q4 2026\n* Extrakt technology enabled: signed agreement allows TDI to deploy and\noperate Extrakt's proprietary cyanide-free technology at Fulcrum's facility\n* Multi-project development accelerator moves Extrakt technology-led projects\nfrom laboratory testing to commercial development decisions without\nproject-specific pilot builds\n* Platform for scale: Teck-Hughes and Sylvanite are the initial projects;\nFulcrum's exclusive Extrakt deployment areas encompass more than 70 documented\ntailings sites², with partner-led opportunities providing an additional route\nto scale\nRyan Mee, Chief Executive Officer of Fulcrum, commented:\n\n\"Securing the site and signing the Pilot Scale Demonstration Agreement are\nmajor execution milestones that move our funded pilot facility and initial\nTeck-Hughes programme into physical delivery. Fit-out and commissioning remain\ntargeted by end of Q4 2026, while the scale of the premises provides the\nflexibility to modify and expand the pilot capability as the project pipeline\ndevelops.\n\n\"Successful Teck-Hughes validation is a key condition of the proposed US$20\nmillion Chancery non-dilutive financing. It is also designed to generate the\noperating, engineering and economic evidence needed to support commercial\ndevelopment.\n\n\"This is not a one-project pilot. It is a multi-project development\naccelerator that moves projects using Extrakt's technology from laboratory\ntesting towards commercial development decisions without building a separate\npilot facility for each project. Teck-Hughes and Sylvanite are the first\nprojects; our exclusive rights and partner-led opportunities provide the\npathway to scale.\"\n\nBackground information\n\nThe pilot facility\n\nThe Mississauga premises comprise approximately 12,526 square feet of\ndedicated industrial space in the Greater Toronto Area (the \"Mississauga\nFacility\"). Fulcrum's wholly owned subsidiary, Fulcrum EnviroTech Corp.\n(\"Fulcrum EnviroTech\"), has entered into a six-year lease commencing on 1\nOctober 2026, with an option to extend for a further six years. The scale and\nconfiguration of the premises provide flexibility to modify and expand pilot\noperations as programme requirements develop.\n\nLocated within the Greater Toronto Area, the site provides access to\nestablished transport, engineering, fabrication and technical-service\ninfrastructure. The premises are intended to accommodate the pilot equipment,\nsupporting infrastructure, sample handling and operational requirements for\nthe initial Teck-Hughes programme and subsequent agreed programmes.\n\nThe planned pilot facility will have a capacity of up to 2.4 tonnes per day,\nprocessing batches of approximately 600 kilograms. Fit-out and commissioning\nremain targeted by end of Q4 2026.\n\nPilot Scale Demonstration Agreement\n\nThe Demonstration Agreement supplements the Piloting Agreement and Equipment\nLease entered into by Fulcrum EnviroTech and TDI in June 2026. Under the\nagreement, Extrakt grants TDI permission to deploy, operate and demonstrate\nExtrakt's proprietary technology at the Mississauga Facility for the initial\nTeck-Hughes pilot programme and any subsequent programmes agreed under the\nrelevant programme agreements.\n\nTDI will deploy and operate the pilot equipment and deliver the services\ngoverned by each applicable programme agreement. Fulcrum will provide and\nmaintain the premises and will own the project-specific data and results\nrequired for the evaluation, development, financing, permitting and\ncommercialisation of its projects, subject to the agreed protections for\nExtrakt's technology and TDI's intellectual property.\n\nThe agreement also permits pilot programmes with approved project partners,\nsubject to an applicable programme agreement, supporting the facility's\nintended use as a multi-project platform.\n\nPathway to proposed non-equity project financing\n\nThe pilot facility and initial Teck-Hughes programme are funded.\n\nFulcrum EnviroTech has signed a non-binding term sheet with Chancery Royalty\nfor a proposed US$20 million royalty financing to support the future\ndevelopment of Teck-Hughes. Successful pilot testing is a key condition of the\nproposed financing. Subject to due diligence, definitive documentation and\ncustomary conditions, Chancery would acquire a 5% net smelter return royalty\nover future gold production from Teck-Hughes for US$20 million. Fulcrum would\nretain the right, for two years after commercial production begins, to\nrepurchase 2% of the royalty for US$10 million.\n\nCompletion of the site lease and the Demonstration Agreement therefore\nadvances a defined sequence from funded pilot delivery, through Teck-Hughes\npilot validation, to potential access to non-equity project-level development\ncapital.\n\nProject development accelerator\n\nThe pilot facility is designed to move projects using Extrakt's cyanide-free\ntechnology from laboratory testing towards commercial development decisions.\nPilot programmes are intended to validate integrated recovery performance,\noptimise operations and test repeatability, generating the operating,\nengineering, environmental and economic inputs required to evaluate scale-up.\n\nAs a multi-project facility, the same infrastructure and operating capability\ncan be applied across successive programmes without requiring a separate pilot\nfacility for each project. This can reduce the time and capital required,\nadvance permitting and support earlier decisions on process design, economic\nassessment, financing and commercial development.\n\nPlatform for scale\n\nTeck-Hughes and Sylvanite are Fulcrum's first mine-waste projects. Successful\npilot programmes are intended to build the knowledge, operating capability and\nrepeatable development pathway needed to develop a potential pipeline of\nopportunities through Fulcrum's exclusive Extrakt rights across the Kirkland\nLake and Timmins mining districts, which contain more than 70 documented\nlegacy mine-waste sites.\n\nThe facility may also support approved partner-led programmes, providing an\nadditional route to identify and participate in projects through flexible\ncommercial structures.\n\nWhy Is Fulcrum developing a multi-project pilot facility?\n1. Why are the pilot site and Demonstration Agreement major\nmilestones?Together, they move Fulcrum's funded pilot strategy into physical\ndelivery. The site, technology access and operating framework are now secured,\nwith fit-out and commissioning targeted by end of Q4 2026.\n2. What will the pilot facility do?The facility will use Extrakt's proprietary\ncyanide-free technology to move projects from laboratory testing towards\ncommercial development decisions. With planned capacity of up to 2.4 tonnes\nper day, it will generate integrated pilot-scale operating, engineering,\nenvironmental and economic data.\n3. Why is the facility a multi-project development accelerator?The same\ninfrastructure and operating capability can be applied across successive\nprojects rather than constructing a separate pilot facility for each project.\nThis is designed to reduce the time and capital required to evaluate projects\nand support earlier permitting, financing and development decisions.\n4. What could successful Teck-Hughes pilot testing unlock?Successful pilot\ntesting is a key condition of Chancery Royalty's proposed US$20 million\nnon-equity project financing. It would also provide the technical and economic\nevidence needed to advance Teck-Hughes towards commercial development.\n5. How does the facility support Fulcrum's wider growth strategy?Teck-Hughes\nwill be the initial programme, followed by Sylvanite. The facility is also\nintended to support a potential pipeline across Fulcrum's exclusive Extrakt\nrights in Kirkland Lake and Timmins, which contain more than 70 documented\nlegacy mine-waste sites, together with approved partner-led opportunities.\nEnds\n\nEngage with the Fulcrum Metals plc management team directly by asking\nquestions, watching video
summaries and seeing what other shareholders have\nto say. Navigate to our interactive investor
hub here:\nhttps://fulcrummetals.com/s/7fc3a5\n\nSubscribe to our news alert service: https://fulcrummetals.com/s/c5b90a\n\nRyan Mee, CEO of Fulcrum Metals, talks about the importance of today's\nannouncement:\n(https://app.accessnewswire.com/imagelibrary/2fc1f391-e759-4243-a372-c495e82f8c12/image.png)\nhttps://dyig81gdxcgyb.cloudfront.net/3839197/6e425708-f4ea-d39b-806a-f320ca2c9be5.mp4\n\nFor further information, please contact:\n\n Investor questions on this announcement  We encourage all investors to share questions on this announcement via our investor hub  https://fulcrummetals.com/link/epDBOe       \n Fulcrum Metals plc  Ryan Mee, Chief Executive Officer                                                                             Via our investor hub; Or through St Brides  \n Allenby Capital Limited (Nominated adviser)  Nick Athanas / Ashur Joseph                                                          Tel: +44 (0) 203 328 5656                   \n Clear Capital Markets Limited (Broker)  Bob Roberts                                                                               Tel: +44 (0) 203 869 6081                   \n St Brides Partners Ltd (Financial PR)  Ana Ribeiro / Charlotte Page                                                               Tel: +44 (0) 20 7236 1177                   \n\nFollow us.\n\n (https://app.accessnewswire.com/imagelibrary/b769281e-d664-4d34-8aa9-400c72f8fb71/1232623/image.jpeg)  @FulcrumMetals                               \n                                                                                                        Fulcrum Metals PLC (https://pr.report/s1d3)  \n\nNotes to Editors\n\nAbout Fulcrum Metals plc\n\nFulcrum Metals plc (AIM:FMET)(OTCQB:FULMF)(FSE:J2M) is a technology-led\nnatural resources company developing a scalable platform to recover precious\nand critical metals from historical mine waste and support the potential\nregeneration of legacy mine sites. Its model combines project ownership, a\nmulti-project pilot facility and commercial development capability to advance\nprojects using cyanide-free technology developed by Extrakt Process Solutions\nLLC and its associates (together, \"Extrakt\") from laboratory testing towards\ncommercial deployment, supported by exclusive regional rights.\n\nThe Company's initial projects comprise the legacy mine-waste sites of the\nformer Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region of\nOntario. Historical estimates, which require verification by Fulcrum, indicate\nthat the sites contain more than 10 million tonnes of tailings in aggregate.\nFulcrum also holds a portfolio of mineral exploration and development\ninterests across Ontario and Saskatchewan, Canada.\n\nFulcrum holds exclusive rights to deploy Extrakt's technology at legacy gold\nmine-waste sites across the Kirkland Lake and Timmins mining districts, which\nhave produced more than 110 million ounces of gold historically(1) and contain\nmore than 70 documented legacy mine-waste sites(2.)\n\nThe multi-project pilot facility is intended initially to accelerate\ndevelopment decisions at Teck-Hughes and Sylvanite. These programmes will\ngenerate the knowledge, operating capability and repeatable development\npathway needed to establish a scalable pipeline of projects across Fulcrum's\nexclusive Extrakt rights in Kirkland Lake and Timmins, as well as wider\nopportunities pursued through flexible commercial structures.\n\nSources and basis of estimates\n\n¹ Ontario Geological Survey, Summary of Field Work and Other Activities 2024,\nOpen File Report 6413, Article 6, p.6-1. The report records historical gold\nproduction of approximately 72 Moz from the Timmins camp and 40 Moz from the\nKirkland Lake camp.\n\n² Count derived from Fulcrum's spatial review of the \"Abandoned Tailings\nOntario\" layer in CIM Magazine's A Counting of Tailings in Canada interactive\nArcGIS map (October 2020), compiled using publicly available Ontario\ngovernment data. More than 70 documented abandoned tailings sites fall within\nthe Kirkland Lake and Timmins areas covered by Fulcrum's exclusive rights to\ndeploy Extrakt's technology. The sites require project-specific evaluation and\ndo not represent projects currently owned or controlled by Fulcrum.\n\nFrequently asked questions\n\n1. What is mine waste and why is the opportunity emerging now?\n\nMine waste, or tailings, have already been mined, crushed and processed and\nare sitting at surface, yet can still contain valuable unrecovered precious\nand critical metals. Modern recovery technology creates the potential to\nunlock that value while supporting the regeneration of legacy mine sites.\n\n2. What makes Fulcrum's approach different?\n\nFulcrum is building a scalable mine-waste recovery platform combining owned\nprojects, a multi-project pilot facility designed to accelerate projects from\nlaboratory testing towards commercial development, and exclusive rights to\ndeploy Extrakt's cyanide-free technology across Kirkland Lake and Timmins. The\nowned projects are intended to prove the model; the platform provides the\npathway to scale it.\n\n3. Why are Teck-Hughes and Sylvanite important?\n\nTeck-Hughes and Sylvanite provide Fulcrum with a substantial initial project\nbase: historical estimates indicate more than 10 million tonnes of tailings in\naggregate, which require verification by Fulcrum. Teck-Hughes is the first\nproving project; nearby Sylvanite provides the opportunity to apply the same\nknowledge, infrastructure and development pathway to a second project and\ndemonstrate repeatability.\n\n4. Is Fulcrum building projects or a platform?\n\nBoth. Teck-Hughes and Sylvanite provide direct project exposure and are\nintended to prove the model. The multi-project pilot facility is the gateway\nfor successive projects using Extrakt's technology. Fulcrum's exclusive rights\nto deploy that technology across Kirkland Lake and Timmins-where more than 70\nlegacy mine-waste sites are documented-together with approved partner-led\nopportunities, provide the pathway to scale\n\n5. How could Fulcrum's platform create value?\n\nFulcrum intends to create value by advancing its owned projects and\nparticipating in selected additional opportunities through project interests,\njoint ventures, strategic partnerships and royalties. This provides multiple\npotential routes to value beyond reliance on a single asset.\n\nVisit: https://fulcrummetals.com/\n\nThis information is provided by RNS, the news service of the London Stock\nExchange. RNS is approved by the Financial Conduct Authority to act as a\nPrimary Information Provider in the United Kingdom. Terms and conditions\nrelating to the use and distribution of this information may apply. For\nfurther information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Fulcrum Metals plc\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/fulcrum-metals-plc-announces-pilot-site-and-pilot-technology-agreement-secured-1232623)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-10-05T06:00:00.87092428Z","server_sent_at_ms":1791180000870},"received_at":"2026-10-05T06:00:00.922Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/fulcrum-metals-plc-announces-pilot-site-and-pilot-technology-agreement-secured-1232623"},"analysis":{"id":"148500","press_release_id":"159921","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["US$20M royalty financing remains non-binding and subject to due diligence and definitive documentation","tailings tonnage figures are historical estimates requiring verification by Fulcrum","commissioning timeline (end of Q4 2026) leaves execution risk on fit-out and pilot validation"],"eventType":"operations_update","narrative":"Fulcrum Metals has secured the site for its standalone pilot facility in Mississauga, Ontario and signed a Pilot Scale Demonstration Agreement with Extrakt and TDI, moving its funded pilot into physical delivery.\n\nThe 12,526-square-foot facility carries a six-year lease with commissioning targeted by end of Q4 2026 and planned capacity of up to 2.4 tonnes per day using Extrakt's cyanide-free technology.\n\nSuccessful Teck-Hughes pilot testing is a key condition of a proposed US$20 million non-dilutive royalty financing from Chancery Royalty, which would take a 5% net smelter return; Teck-Hughes and Sylvanite are the first of more than 70 documented tailings sites within Fulcrum's exclusive Extrakt deployment areas.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Pilot site and technology agreement locked in -- Teck-Hughes validation is the gateway to a US$20M non-dilutive royalty financing."},"keyFigures":{"dealValueUsd":20000000,"customDimensions":{"pilot_capacity":"up to 2.4 tonnes per day; batches of approximately 600 kg","tailings_tonnes":"more than 10 million tonnes of tailings at Teck-Hughes and Sylvanite (historical estimates)","lease_term_years":"six-year initial lease with option to extend a further six years","royalty_financing":"US$20 million royalty financing proposed by Chancery Royalty for a 5% net smelter return over Teck-Hughes gold production","facility_size_sqft":12526,"commissioning_target":"end of Q4 2026","tailings_sites_pipeline":"more than 70 documented legacy mine-waste sites in Kirkland Lake and Timmins","royalty_repurchase_option":"right to repurchase 2% of the royalty for US$10 million within two years of commercial production"}},"quotedText":"Successful pilot testing at Teck-Hughes is a key condition of the proposed US$20 million gold royalty financing with Chancery Royalty Ltd., providing a potential non-dilutive pathway towards commercial development.","namedEntities":{"people":[{"name":"Ryan Mee","role":"Chief Executive Officer of Fulcrum Metals"}],"products":["Extrakt cyanide-free metals recovery technology"],"companies":[{"name":"Fulcrum Metals plc","ticker":"FMET","relationship":"filer"},{"name":"Fulcrum EnviroTech Corp.","relationship":"wholly owned subsidiary"},{"name":"Extrakt Process Solutions LLC","relationship":"technology partner"},{"name":"Test Design Implement Solutions LLC (TDI)","relationship":"pilot operator / delivery partner"},{"name":"Chancery Royalty Ltd.","relationship":"proposed royalty financier"}],"dollarAmounts":[{"amount":"US$20 million","context":"proposed Chancery Royalty gold royalty financing, key condition of Teck-Hughes pilot success"},{"amount":"US$10 million","context":"option to repurchase 2% of the royalty within two years of commercial production"}]},"materialImpact":{"score":3,"reasoning":"Securing the pilot site and signing the Pilot Scale Demonstration Agreement advance a funded pilot toward commissioning by end of Q4 2026 and are prerequisites for the proposed US$20M non-dilutive Chancery Royalty financing. Material execution progress, but not yet a financing completion or earnings event."},"tickerRelevance":{"others":[{"ticker":"FULMF","relevance":"OTCQB listing of same issuer"}],"primary":"FMET"},"globalImportance":22,"audienceRelevance":12,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"micro-cap AIM-listed","eventGravity":"operational milestone advancing funded pilot and conditional financing","marketCapAdjustment":"small issuer limits market-wide relevance","retailFavoriteBoost":false}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"Fulcrum Metals has secured the site for its standalone pilot facility in Mississauga, Ontario and signed a Pilot Scale Demonstration Agreement with Extrakt and TDI, moving its funded pilot into physical delivery.\n\nThe 12,526-square-foot facility carries a six-year lease with commissioning targeted by end of Q4 2026 and planned capacity of up to 2.4 tonnes per day using Extrakt's cyanide-free technology.\n\nSuccessful Teck-Hughes pilot testing is a key condition of a proposed US$20 million non-dilutive royalty financing from Chancery Royalty, which would take a 5% net smelter return; Teck-Hughes and Sylvanite are the first of more than 70 documented tailings sites within Fulcrum's exclusive Extrakt deployment areas.","key_figures":{"dealValueUsd":20000000,"customDimensions":{"pilot_capacity":"up to 2.4 tonnes per day; batches of approximately 600 kg","tailings_tonnes":"more than 10 million tonnes of tailings at Teck-Hughes and Sylvanite (historical estimates)","lease_term_years":"six-year initial lease with option to extend a further six years","royalty_financing":"US$20 million royalty financing proposed by Chancery Royalty for a 5% net smelter return over Teck-Hughes gold production","facility_size_sqft":12526,"commissioning_target":"end of Q4 2026","tailings_sites_pipeline":"more than 70 documented legacy mine-waste sites in Kirkland Lake and Timmins","royalty_repurchase_option":"right to repurchase 2% of the royalty for US$10 million within two years of commercial production"}},"named_entities":{"people":[{"name":"Ryan Mee","role":"Chief Executive Officer of Fulcrum Metals"}],"products":["Extrakt cyanide-free metals recovery technology"],"companies":[{"name":"Fulcrum Metals plc","ticker":"FMET","relationship":"filer"},{"name":"Fulcrum EnviroTech Corp.","relationship":"wholly owned subsidiary"},{"name":"Extrakt Process Solutions LLC","relationship":"technology partner"},{"name":"Test Design Implement Solutions LLC (TDI)","relationship":"pilot operator / delivery partner"},{"name":"Chancery Royalty Ltd.","relationship":"proposed royalty financier"}],"dollarAmounts":[{"amount":"US$20 million","context":"proposed Chancery Royalty gold royalty financing, key condition of Teck-Hughes pilot success"},{"amount":"US$10 million","context":"option to repurchase 2% of the royalty within two years of commercial production"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T06:00:08.963Z","global_importance":22,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap AIM-listed","eventGravity":"operational milestone advancing funded pilot and conditional financing","marketCapAdjustment":"small issuer limits market-wide relevance","retailFavoriteBoost":false}},"durationMs":8004,"modelName":"glm-5.3-flashx"}}