Fortune Minerals Limited
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COBALT-GOLD: Fortune updating NICO feasibility
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., is updating the 2014 feasibility study for its NICO cobalt-gold-bismuth-copper project 160 km northwest of Yellowknife. The project is one of the few new cobalt mines that could be in production by…
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COBALT-GOLD-BISMUTH: Tlicho all-season road given approval
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., says the Mackenzie Valley Environmental Impact Review Board has recommended that the Tlicho all-season road be approved, subject to certain conditions. The road will stretch 97 km between the town of Whati…
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COBALT-GOLD: Fortune mulls 20-30% bump in NICO output
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., is considering a 20% to 30% increase in the output from its NICO cobalt-gold-bismuth-copper project 160 km northwest of Yellowknife. The 2014 feasibility study will be updated to an annual production of…
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INFRASTRUCTURE: Fortune applauds next step along road to Whati
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., is following closely the government decisions that are moving the Tlicho all-season road to the community of Whati toward construction. Fortune has received approval to build a spur road from Whati to…
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Seven juniors hunting for battery minerals
The boom in electric vehicle manufacturing has translated into a lively subsector of junior explorers scouring the world for new deposits of lithium, cobalt, graphite and other minerals suited for use in emerging technologies. Here are seven such juniors: Avalon…
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Mining People: Fortune Minerals, Kirkland Lake Gold, Metalla Royalty & Streaming, ML Gold, Monarques Gold and Orbite Technologies
Glen Koropchuk has been appointed technical director and chief operating officer at Fortune Minerals to lead development of the NICO cobalt, gold, bismuth and copper project. He is also a director of the company and has decades of global mineral…
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NWT snapshot: Three advanced projects
Canada’s Northwest Territories is relatively remote, but endowed with mineral potential. Despite the region’s harsh winters and infrastructure deficit, the Northwest Territories hosts Canada’s largest and oldest producing diamond mines – Ekati and Diavik – and the newly minted Gahcho…
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Fortune Minerals well positioned at NICO
Growing need for ‘energy metals’ keeps Fortune Minerals moving forward with shovel ready project.
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MINING PEOPLE: Fasken Martineau, Fortune Minerals, Mahdia Gold, Maverix Metals, and Quaterra
Fasken Martineau has welcomed Brian Graves as a partner in its Global Mining Group. His practice includes mergers and acquisition advice, finance securities law and cross-border transactions. He will work out the company’s Toronto office. Fortune Minerals of London, ON,…
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GOLD-COBALT: Permitting underway for public highway near NICO project
NORTHWEST TERRITORIES – The government of the Northwest Territories Department of Transportation has submitted the requisite permit applications to the Wek’èezhìi Land and Water Board, to build a public highway to the community of Whati. The community is only 50…
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Prospects and projects
For most companies working claims across Canada, the chances of moving from exploration into production are slim and more likely none, thanks to investors cocooning into a wait and see position.
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COAL: Fortune sells Arctos licences to BC Rail
BRITISH COLUMBIA – Fortune Minerals of London, ON, and partner POSCO Canada have sold their joint venture interest in the Arctos anthracite project to BC Rail for the sum of $18.3 million. The deposit is located in the Klappan area, 150…
