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 [...]
Additional sites being evaluated based on expedited approvals process Issued Capital: 347,303,220 Fortune Minerals Limited has entered into an option to purchase an alternative site to construct the proposed hydrometallurgical refinery that would process metal concentrates from the Company's planned NICO Cobalt-Gold-Bismuth-Copper Mine in the Northwest Territories. Fortune has been in discussions for several months [...]
Fortune Minerals is evaluating its options with the Saskatchewan Government and has identified several alternative sites for its hydrometallurgical plant in other jurisdictions Issued Capital: 347,303,220 Fortune Minerals Limited reports that the Rural Municipality of Corman Park has rejected the Company's application to change the zoning of its lands near the town of Langham, Saskatchewan from "Agriculture" to "M2 [...]
Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com Rover Metals Corp. , based in Vancouver, BC, Canada, focused on Gold Exploration, today announced that Judson Culter, CEO, will present live at VirtualInvestorConferences.com on February 20th. DATE: Wednesday, February 20th TIME: 1:45pm EST LINK [...]
Construction of all-season road to Whati to begin this year for anticipated completion in 2022 Fortune Minerals Ltd. is pleased to report that the Government of the Northwest Territories has announced that it has signed the agreement with North Star Infrastructure GP to construct the Tlicho All-Season Road to the community of Whati, Northwest Territories. Whati is located 50 kilometres south of Fortune's proposed NICO [...]
Proposed new primary Canadian cobalt mine to provide northern jobs and benefits while supporting the global transition to electric vehicles and energy use efficiency Issued Capital: 340,303,220 Fortune Minerals Ltd. is pleased to announce that it has entered into a Socio-Economic Agreement with the Government of the Northwest Territories for the proposed NICO Cobalt-Gold-Bismuth-Copper Project in Canada. The agreement [...]