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 [...]
Fortune Minerals Ltd. is pleased to announce that it has secured a two-month extension to the option period to purchase the JFSL Field Services ULC brownfield site in Lamont County, Alberta where it plans to construct the NICO hydrometallurgical refinery. Fortune can acquire the JFSL site and facilities for C$5.5 million before the end of September [...]
Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2022 Annual General Meeting of shareholders held on June 28, 2022 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 Robin E. Goad [...]
Nancy Massicotte interview with Troy Nazarewicz, Investor Relations Manager of Fortune Minerals Ltd. live at the PDAC 2022 in Toronto, Ontario. The Prospectors & Developers Association of Canada is the leading voice of the mineral exploration and development community, an industry that supports 719,000 people in direct and indirect employment, and [...]
Fortune Minerals Ltd. is pleased to report that due-diligence activities are advancing on the Company's proposed new refinery site location in Lamont County in Alberta's Industrial Heartland northeast of Edmonton . Fortune entered into an option agreement with JFSL Field Services ULC in January to allow it to purchase the site and existing [...]
Fortune Minerals Ltd. is pleased to provide a summary of the key highlights from the Cobalt Institute's Cobalt Market Report 2021 released this week. The CI is a trade organization promoting the sustainable and responsible production and use of cobalt with member companies comprised of producers, developers, users, traders, and recyclers of cobalt [...]
Fortune Minerals Ltd. is pleased to announce that it has engaged Haywood Securities Inc. to act as financial advisor to the Company to support its near-term financing objectives. Haywood will assist Fortune with seeking to raise the funds needed to execute on the Company's previously announced option to purchase the former steel fabrication plant [...]
Fortune Minerals Ltd. is pleased to report on the C$3.8 billion of financial support for Critical Minerals announced in last week's Government of Canada budget for 2022 . The funds are being allocated to accelerate domestic production and processing of Critical Minerals, particularly cobalt, nickel and lithium used in the manufacture of lithium-ion [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into an option agreement with JFSL Field Services ULC , a wholly-owned subsidiary of a large international engineering company, to purchase its former steel fabrication plant, located in Lamont County within Alberta's Industrial Heartland northeast of Edmonton. Pursuant to the [...]
Fortune Minerals Ltd. is pleased to report that it has completed the previously announced drill program on the NICO Cobalt-Gold-Bismuth-Copper Project in Canada's Northwest Territories . A total of 13 holes were completed to varying depths, testing four of the Company's high priority targets. Equipment and personnel have been demobilized from the [...]
Fortune Minerals Ltd. is pleased to announce that it has closed a private placement of 3,571,399 common shares issued at a price of C$ 0.14 per share on a "flow-through" basis pursuant to the Income Tax Act to raise gross proceeds of approximately C$500,000. The net proceeds received from this offering will be used to fund eligible Canadian [...]
Fortune Minerals Ltd. is pleased to report that the Tlicho all-season road linking the community of Whati to the national highway system will open to the public on November 30, 2021 . This initiative of the Northwest Territories , federal and Tlicho governments will provide year-round access to the previously isolated community of Whati reducing [...]
