Fortune Minerals Ltd. , is pleased to announce that its joint venture with the T??ch? Government has received conditional approval from the Government of Canada for up to $50 million to support construction of the NICO project access road in the Northwest Territories . Natural Resources Canada 's First and Last Mile Fund will reimburse 75% of the costs up to $50 million for construction of the 51-kilometre NPAR across [...]
Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2026 Annual and Special Meeting of Shareholders held on June 23, 2026 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 163,769,514 96.82% 5,377,300 3.18% Glen Koropchuk 167,154,419 98.82 [...]
Fortune Minerals Ltd. announces Wek'èezhì? Land and Water Board approval for the Type A Land Use Permit and Type B Water Licence needed to construct and operate the NICO Project Access Road . The NPAR will connect Fortune's planned NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories to the territorial highway system where it currently terminates at the community of Whati, 50 km south of the [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into agreements to raise gross proceeds of C$10,000,000 and retire debts totalling approximately C$11.84 million that were maturing on April 30, 2026 . Fortune has entered into a new convertible security funding agreement with Lind Global Fund III, LP, an entity managed by The Lind Partners , pursuant to which the Company has agreed to draw down C$10,000,000 [...]
Fortune Minerals Ltd. is pleased to announce that it has recently submitted applications to two government agencies with programs supporting domestic critical minerals development and supply chain diversification. Fortune and the T??ch? Government are forming a joint venture for the development of an access road to the Company's NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories , and have [...]
Fortune Minerals Alberta Inc., a wholly-owned subsidiary of Fortune Minerals Ltd. is pleased to announce that it has signed a backstop agreement with SECURE Waste Infrastructure Corp. to provide waste disposal solutions for the Company's planned hydrometallurgical facility in Lamont County, Alberta. The hydrometallurgical facility will process concentrates from Fortune's planned NICO cobalt-gold-bismuth-copper mine and [...]
Fortune Minerals Ltd. is pleased to announce that it has successfully concluded the validation test work for an optimized hydrometallurgical flowsheet to produce battery grade cobalt sulphate heptahydrate for the NICO cobalt-gold-bismuth-copper project in Canada. The results verified that a high-quality cobalt sulphate heptahydrate product can be generated with very good metal recoveries from a simplified process flow [...]
Fortune Minerals Ltd. is pleased to announce that it has closed the C$3.8 million loan previously announced with Prosper NWT, a public agency of the Government of the Northwest Territories . Fortune has also completed the acquisition of the Lamont County, Alberta site and facilities that were previously held under a purchase option with JFSL Field Services ULC . Fortune plans to construct a hydrometallurgical facility at [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into a binding offer letter for a loan with a principal amount of C$3.8 million from Prosper NWT, a public agency of the Government of the Northwest Territories established to support the economic objectives of the GNWT in a manner that benefits the people and economy of the Northwest Territories . The loan will enable Fortune to complete the purchase of the [...]
Fortune Minerals Ltd. announces that it has retained P&E Mining Consultants Inc. to prepare the new Mineral Reserve estimates, mine plan and production schedule for the updated NICO Project Feasibility Study currently in preparation by Worley Canada Services Ltd. and other engineering companies. The NICO cobalt-gold-bismuth-copper critical minerals project is comprised of a planned open pit and underground mine and [...]
Fortune Minerals Ltd. is pleased to announce that Mr. David Massola has rejoined the Company as Vice President, Business Development to assist with the transition of the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project to project finance and development. David Massola is a seasoned mining industry financial executive with decades of experience working for large multinational mining and [...]
Fortune Minerals Ltd. is pleased to announce that it has entered into a new convertible security funding agreement with Lind Global Fund III, LP, an entity managed by The Lind Partners pursuant to which the Company has agreed to draw down C$3,155,000 in exchange for the issuance of a convertible security to Lind . The proceeds from the issuance of the Convertible Security will be used for general working capital purposes [...]