Fortune Minerals Ltd.

Fortune Minerals Ltd. is pleased to announce that its audited annual financial statements, management discussion and analysis, the related officer certificates, and the Company's annual information form for the year ended December 31, 2022 were filed on May 19, 2023. The Company also filed its March 31, 2023, financial statements and management's discussion and analysis. The documents are available on SEDAR or through the [...]

Fortune Minerals Ltd. can now confirm that there will be a delay filing its audited annual financial statements, management discussion and analysis, the related officer certificates, and the Company's annual information form for the year ended December 31, 2022 by the March 31, 2023 deadline . The audit is in progress and Fortune's board of directors and its management are working expeditiously to meet its continuous [...]

Fortune Minerals Ltd. is pleased to provide an update of current activities toward development of the NICO cobalt-gold-bismuth-copper critical minerals project in Canada. The NICO Project consists of a planned open pit and underground mine and concentrator in the Northwest Territories and a related refinery in Alberta where the Company will process concentrates from the mine to value added metals and chemicals. The [...]

Fortune Minerals Ltd. announces that the filing of its audited annual financial statements, management discussion and analysis for the year ended December 31, 2022, the related certifying officer certificates, and the Company's annual information form for the year ended December 31, 2022 may not be completed by the prescribed filing deadline, March 31, 2023 . A delay in completing the Annual Filings would be as a result [...]

Fortune Minerals Ltd. is pleased to announce that it has secured an additional extension to the option to purchase the JFSL Field Services ULC brownfield site in Lamont County, Alberta . Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project . The JFSL facility is a former steel fabrication plant located on 76.78 acres [...]

Fortune Minerals Ltd. is pleased to announce that, further to the Company's news release dated December 1, 2022, it has completed the settlement of its debentures issued in 2015 and amended in 2022 . With the Settlement complete, Fortune can now focus on advancing the NICO cobalt-gold-bismuth-copper critical minerals development project in the Northwest Territories and Alberta. Pursuant to the Settlement: Debt totalling [...]

Fortune Minerals Ltd. is pleased to announce that it has reached agreements with the holders of its debentures issued in 2015 and amended in 2022 . With the Settlement Agreements in place, Fortune can now focus on advancing the NICO cobalt-gold-bismuth-copper critical minerals development project in the Northwest Territories and Alberta. Pursuant to the terms of the Settlement Agreements: One of the holders of the 2015 [...]

Fortune Minerals Ltd. is pleased to announce that, due to the current economic and capital market volatility, it has secured an additional extension to the option to purchase the JFSL Field Services ULC brownfield site in Lamont County, Alberta . Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project . The JFSL facility [...]

Fortune Minerals Ltd. is pleased to announce that, further to the company's news release dated August 16, 2022, it has executed definitive documentation with the holders of its debentures issued in 2015 to extend their maturity date from August 12, 2022 to November 30, 2022. The amended and restated debentures have an aggregate principal amount of $12,363,518, being the total principal amount and all accrued interest on [...]

Fortune Minerals Ltd. is pleased to announce that it has reached an agreement in principle with the holders of its debentures issued in 2015 to extend their maturity from August 12, 2022 to November 30, 2022. The extension of the maturity date of the 2015 Debentures remains subject to finalizing and executing definitive documentation between the Company and the holders of the 2015 Debentures . The amended and restated [...]