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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
