Fortune Minerals Ltd. is pleased to announce that it has entered into a binding offer letter for a loan with a principal amount of C$3.8 million from Prosper NWT, a public agency of the Government of the Northwest Territories established to support the economic objectives of the GNWT in a manner that benefits the people and economy of the Northwest Territories . The loan will enable Fortune to complete the purchase of the [...]
Fortune Minerals Ltd. announces that it has retained P&E Mining Consultants Inc. to prepare the new Mineral Reserve estimates, mine plan and production schedule for the updated NICO Project Feasibility Study currently in preparation by Worley Canada Services Ltd. and other engineering companies. The NICO cobalt-gold-bismuth-copper critical minerals project is comprised of a planned open pit and underground mine and [...]
Fortune Minerals Ltd. is pleased to announce that Mr. David Massola has rejoined the Company as Vice President, Business Development to assist with the transition of the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project to project finance and development. David Massola is a seasoned mining industry financial executive with decades of experience working for large multinational mining and [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into a new convertible security funding agreement with Lind Global Fund III, LP, an entity managed by The Lind Partners pursuant to which the Company has agreed to draw down C$3,155,000 in exchange for the issuance of a convertible security to Lind . The proceeds from the issuance of the Convertible Security will be used for general working capital purposes [...]
Fortune Minerals Ltd. is pleased to report additional process optimization test work validation for the NICO cobalt-gold-bismuth-copper critical minerals project in Canada . The test work was completed at SGS Canada Inc. in Lakefield, Ontario and proved additional enhancements to the cobalt, gold and copper circuits and recoveries for the planned Alberta Hydrometallurgical Facility, expanding on the improvements already [...]
Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2025 Annual Meeting of Shareholders held on June 24, 2025 were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below: Nominee Votes For % For Votes Withheld % Withheld Robin E. Goad 121,187,661 94.69% 6,795,181 5.31% Glen Koropchuk 125,590,337 98.13% 2,392,505 1.87% John [...]
Fortune Minerals Ltd. is pleased to report that metallurgical test work validation is essentially complete for the bismuth circuits for the Company's 100% owned NICO cobalt-gold-bismuth-copper critical minerals project in Canada . The Process Design Criteria has been compiled and delivered to Worley Canada Services Ltd. to engineer the facilities and incorporate them into the Company's updated Feasibility Study. With 12 [...]
Fortune Minerals Ltd. is pleased to comment on the recent commodity price activity for the metals contained in its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada. The NICO Project is a development stage asset comprised of a planned open pit and underground mine and concentrator in the Northwest Territories and a dedicated hydrometallurgical recovery plant in Lamont County [...]
Fortune Minerals Ltd. is pleased to provide an update of ongoing work on the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada . The NICO Project is comprised of a planned mine and concentrator in the Northwest Territories and a hydrometallurgical processing facility in Lamont County, Alberta where concentrates from the mine, and other feed sources, will be processed to value-added [...]
Fortune Minerals Ltd. is pleased to announce that it has drawn down an additional C$1,575,000 from its convertible security funding agreement with Lind Global Fund II, LP, managed by The Lind Partners . The proceeds from this Second Convertible Security drawdown will be used for general working capital purposes and to pre-fund some of the government supported work on the vertically integrated NICO [...]
Fortune Minerals Ltd. is pleased to announce that it has retained Worley Canada Services Ltd. to conduct additional engineering and lead the preparation of an updated Feasibility Study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada . The NICO Project is an advanced Critical Minerals development comprised of a planned mine and concentrator in the Northwest Territories and a hydrometallurgical recovery plant in [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into a new option agreement with JFSL Field Services ULC to purchase the brownfield industrial site in Lamont County, Alberta where it plans to construct its hydrometallurgical refinery . The Alberta Refinery would process metal concentrates from Fortune's planned NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories and provide [...]
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