Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2020 Annual and Special Meeting of shareholders held on June 23, 2020 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 Carl Clouter 76,290,540 94.54% 4,405,647 5.46% Robin E. Goad 76,270,538 94.52% 4,425,649 [...]
Fortune Minerals Ltd. is providing an update of cost saving measures it has taken to preserve working capital during the market uncertainty caused by the Coronavirus pandemic. Fortune continues to make progress with a number of NICO Cobalt-Gold-Bismuth-Copper Project optimizations completed using internal resources to enhance project economics at prevailing metal prices. The Company is also pleased to report that [...]
Fortune Minerals Ltd. is providing an update of current work to advance the NICO Cobalt-Gold-Bismuth-Copper Project in Canada during the Coronavirus pandemic. Fortune is complying with government protocols, including temporary closure of the Company’s head office, prohibiting non-essential travel, and employees are social distancing and working remotely from their homes. Technical work has advanced on the NICO Project [...]
Fortune Minerals Ltd. is pleased to provide an update of current activities toward development of the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. The NICO Project consists of a planned mine and concentrator in the Northwest Territories, and a related refinery in southern Canada where the Company plans to process concentrates from the mine to value added metals and chemicals. The Mineral Reserves of the NICO Deposit [...]
Fortune Minerals Ltd. is pleased to announce that it has closed the second tranche of a private placement of common shares issued on a “flow-through” basis pursuant to the Income Tax Act . A total of 4,750,000 new common shares were issued at a price of C$ 0.10 per share providing the Company with gross proceeds of C$475,000. The funds received from this private placement will be used to fund eligible Canadian [...]
Fortune Minerals Ltd. is pleased to announce that it has signed an Access Agreement with the Tlicho Government that supports the development of the NICO cobalt-gold-bismuth-copper project in Canada’s Northwest Territories. The NICO Project is one of the few mineral development assets outside of the Democratic Republic of Congo positioned to service the accelerating demand for cobalt in lithium-ion batteries as the [...]
Fortune Minerals Ltd. is providing a progress report on the study by Hatch Ltd. , P&E Mining Consultants Inc. and Micon International Limited that was updating the 2014 National Instrument 43-101 Technical Report on the NICO Project Feasibility Study by Micon. The previous Technical Report validated the feasibility of the NICO Cobalt-Gold-Bismuth-Copper Project at a mill production rate of 4,650 tonnes of ore per day [...]
Fortune Minerals Ltd. is pleased to report that the Government of the Northwest Territories held a ground-breaking ceremony in the community of Whati on August 24, 2019 to celebrate the commencement of construction of the Tlicho All-Season Road . This 97-kilometre, two-lane gravel highway will replace the existing winter ice road to Whati and provide a more reliable all-season connection to the Territorial highway system [...]
Fortune Minerals Ltd. is pleased to report the discovery of a new zone of copper mineralization at its 100% owned NICO cobalt-gold-bismuth-copper project , located 160 km northwest of Yellowknife, Northwest Territories, Canada. The new zone was identified in bedrock exposed in a pit excavated last spring to provide aggregate for road work and is located 1.6 km southeast along the projection of strike from the main NICO [...]
Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2019 Annual General Meeting of shareholders held on June 25, 2019 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 Carl Clouter 67,722,272 92.08 % 5,827,394 7.92 % Robin E. Goad 70,466,992 95.81 % 3,082,674 [...]
Four development scenarios being assessed with a new mine plan and expanded mill throughput rate and improvements to the cobalt and bismuth downstream process Issued Capital: 347,303,220 Fortune Minerals Ltd. is pleased to provide a progress report on the study nearing completion by Hatch Ltd. , P&E Mining Consultants Inc. and Micon International Limited updating the 2014 National Instrument 43-101 Technical Report on the [...]
Enables lower capital cost start-up option of selling concentrates from the NICO mine site Issued Capital: 347,303,220 Fortune Minerals Limited is pleased to report that it has completed a metallurgical test work program verifying that gold can be recovered from its cobalt and bismuth flotation concentrates at the proposed NICO mine site in the Northwest Territories. The base case development plan for NICO is a [...]
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