20269 releases
Fortune Minerals Receives Its Northwest Territories Water Licence and Land Use Permit Renewals for the Nico Mine
The Class A Water Licence renewal for the NICO mine and concentrator in the Northwest Territories was approved and signed by the NWT Minister of Environment and Climate Change on September 14, 2026, and the Wek'èezhìı Land and Water Board issued the Type A Land Use Permit. These permits set construction and operating terms and the security required for the Closure and Reclamation Plan. An updated Feasibility Study is in final preparation, with a Final Investment Decision targeted for 2027.
CorporateFortune - Tlicho Joint Venture to Receive Up to $50 Million From Government of Canada First and Last Mile Fund
Conditional approval was received from the Government of Canada for up to $50 million to support construction of the NICO project access road in the Northwest Territories, through a joint venture between Fortune Minerals and the Tłı̨chǫ Government. Natural Resources Canada's First and Last Mile Fund will reimburse 75% of costs up to $50 million for the 51-kilometre road connecting the NICO cobalt-gold-bismuth-copper mine to the NWT highway system near Whatì. The Tłı̨chǫ Government will also receive $200,000 for community engagement and a Traditional Knowledge study.
CorporateFortune Minerals Announces Results of Annual and Special Meeting of Shareholders
All six director nominees — Robin E. Goad, Glen Koropchuk, John McVey, Mahendra Naik, David Ramsay and Edward Yurkowski — were elected at Fortune Minerals' Annual and Special Meeting of Shareholders held June 23, 2026, with support ranging from 95.54% to 99.01% of proxy votes. Shareholders also approved the re-appointment of McGovern Hurley LLP as auditor, the rolling stock option plan, and the issuance of common shares under a convertible security funding agreement dated April 30, 2026.
CorporateFortune Minerals Receives Water Licence and Land Use Permit for the Nico Project Access Road
The Wek'èezhìı Land and Water Board has approved the Type A Land Use Permit and Type B Water Licence needed to construct and operate the NICO Project Access Road, which will connect the planned NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories to the territorial highway system at Whati, 50 km south of the mine. Public hearings for renewal of the NICO Mine land use permit and water licence concluded April 21-22 in Whati, with closing arguments due June 22 and June 29 and a board recommendation expected in July or August; a 60-day extension to the current water licence, expiring July 22, is being sought.
CorporateFortune Minerals Announces Repayment of Maturing Debts
Fortune Minerals has entered into a convertible security funding agreement with Lind Global Fund III, LP for gross proceeds of C$10,000,000 to retire approximately C$11.84 million of debts that matured on April 30, 2026. Principal of C$8,258,650.58 will be repaid in cash, while C$3,584,016.93 of accrued interest will be settled by issuing 35,840,170 common shares. The convertible security has a 24-month term, C$11,800,000 face value, conversion at 85% of the five-day VWAP, and includes 28,801,843 warrants at C$0.22568; remaining proceeds fund the NICO project.
NewsFortune Minerals Pursuing Government Funding Opportunities for Nico Project Development
Applications have been submitted to two government agencies supporting critical minerals development. Fortune and the Tłı̨chǫ Government are forming a joint venture to build an access road to the NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories, applying to the Critical Minerals Infrastructure Fund for up to $50 million for the spur road. Fortune also responded to a U.S. Department of War Defense Industrial Base Consortium Request for Project Proposals addressing domestic bismuth production.
CorporateFortune Minerals Announces Process Waste Disposal Agreement With SECURE for Planned Alberta Refinery
A backstop agreement has been signed between Fortune Minerals Alberta Inc. and SECURE Waste Infrastructure Corp. (TSX:SES) for waste disposal at Fortune's planned hydrometallurgical facility in Lamont County, Alberta, which will process concentrates from the NICO cobalt-gold-bismuth-copper project in the Northwest Territories. SECURE will assess 1A deep disposal injection well sites, pumping and piping infrastructure, preliminary engineering and cost estimates, and obtain permits. A definitive agreement is expected covering the well's first 10 years of refinery operations plus transport and disposal of about 200,000 tonnes per year of process residue solids in a Class 2 landfill.
CorporateFortune Minerals Completes Cobalt Sulphate Test Work
Validation test work for an optimized hydrometallurgical flowsheet at the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta has been completed at SGS Canada's Lakefield facility, achieving extractions of 97% cobalt and 74% copper at the design feed grade, 95% cobalt and 79% copper on low-grade feed, and 97–98% gold recoveries, versus 95% cobalt, 70% copper and 95% gold in the 2008 pilot plant. Pre-neutralization removed about 99% of contained arsenic without cobalt losses, and the cobalt sulphate heptahydrate met the 99.99% battery-grade specification at 99.995%.
Study results