Key facts
| Company | Fortune Minerals Limited (TSX: FT) |
|---|---|
| Commodity | Copper |
| Location | Canada |
| Stage | Early exploration |
About NICO Cobalt-Gold-Bismuth-Copper Project
The NICO deposit in Canada’s Northwest Territories was discovered by Fortune Minerals in 1996. NICO is a fully vertically integrated project that will include mining and concentrating ores in the Northwest Territories, and transportation of the metal concentrate to the proposed refinery in Alberta for further processing to high value metal and chemical products. NICO is positioned to stand out as a North American asset dedicated to the production of cobalt chemicals needed to manufacture recharg
News releases4 on file
Fortune - 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-
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
CorporateFortune 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
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 p
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