Fortune Minerals Limited
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COMMENT: Economic outlook in 2015 brightens for territories
OTTAWA – The economic outlook for Canada’s territories looks bright in 2015, according to the latest Territorial Outlook published by the Conference Board of Canada.
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SILVER: Fortune raises $36M and rejigs the Revenue mine purchase
COLORADO – Fortune Minerals of London, ON, has executed term sheets with Lascaux Resource Capital Fund to provide US$35 million to finance the acquisition of the remaining interest in the Revenue silver mine. Fortune will repay the amount…
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SILVER: Fortune discloses PEA for Revenue mine
COLORADO – In May this year London, ON-based Fortune Minerals made its first foray into the United States with the purchase of the operating Revenue silver-gold-lead-zinc mine 490 km southwest of Denver. Now the company has completed a…
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SILVER: Fortune Minerals to buy Revenue mine in Colorado
COLORADO – Fortune Minerals of London, ON, has completed the first stage of purchasing the recently reopened Revenue silver mine in the southwest part of the state from a private vendor. The acquisition will be made in stages, with the…
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GOLD-COBALT: Fortune updates NICO economics
NORTHWEST TERRITORIES – Micon has completed the updated feasibility study for the NICO gold-cobalt-bismuth-copper project using lower commodity prices. The project, located 160 km northwest of Yellowknife, is 100% owned by Fortune…
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GOLD-COBALT: Fortune’s hydromet plant gets environmental okay
SASKATCHEWAN – Fortune Minerals of London, ON, has received environmental approval for its Saskatchewan metals processing plant (SMPP), the hydrometallurgical facility that will refine concentrates from the NICO gold-cobalt-bismuth-copper…
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GOLD-COBALT: Fortune receives interim permit for NICO site work
NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has received the staging (interim) land use permit for the NICO mine from the Wek’èezhìi Land and Water Board. The mine site is 160 km northwest of Yellowknife, near…
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B.C. suspends coal mining
VICTORIA, BC: According to a release by The Canadian Press, the granting of new coal mining rights has been frozen for a year in the Klappan, an area of north-west B.C. considered sacred by the Tahltan First Nation.
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CONTRACT: Hatch to do NICO detailed engineering and design
NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has awarded the detailed engineering and design contract for its NICO gold-cobalt-bismuth-copper project 160 km northwest of Yellowknife to Hatch Ltd. The contractor will address…
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COAL: Fortune pulls back from Arctos project
BRITISH COLUMBIA – Protests have plagued the Arctos coal project 165 km northeast of Stewart since August. Now owner Fortune Minerals of London, ON, is taking the unusual step of voluntarily cutting its summer field program short and…
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Construction to begin next year at Fortune’s NICO mine
It’s been a long 17 years since the discovery of the NICO gold-cobalt-bismuth-copper deposit by Fortune Minerals Limited of London, ON, but the company has finally received approval to put more than a hammer and drill into the ground at…
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GOLD-COBALT-BISMUTH: Tlicho, federal government approve NICO mine and mill plans
NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has received approval for its NICO gold-cobalt-bismuth-copper mine and mill from the Tlicho government as well as from the Hon. Bernard Valcourt, federal minister of Aboriginal…
