Fortune Minerals Ltd.

Fortune Minerals Ltd. is pleased to announce that, due to the current economic and capital market volatility, it has secured an additional extension to the option to purchase the JFSL Field Services ULC brownfield site in Lamont County, Alberta . Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project . The JFSL facility [...]

Fortune Minerals Ltd. is pleased to announce that, further to the company's news release dated August 16, 2022, it has executed definitive documentation with the holders of its debentures issued in 2015 to extend their maturity date from August 12, 2022 to November 30, 2022. The amended and restated debentures have an aggregate principal amount of $12,363,518, being the total principal amount and all accrued interest on [...]

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 Company and the holders of the 2015 Debentures . The amended and restated [...]

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 2022 by paying C$15,000 per month to extend the option. The JFSL site is [...]

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 67,595,332 97.82% 1,505,753 2.18% Glen Koropchuk 67,734,593 98.02% 1,366,491 [...]

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 contributes $106 billion to Canada's GDP every year. Representing over [...]

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 facilities of this former steel fabrication plant in order to construct the [...]

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 metals and chemicals. The Cobalt Market Report 2021 confirms cobalt's [...]

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 site in Alberta's Industrial Heartland northeast of Edmonton, where it plans [...]

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 rechargeable batteries for electric vehicles , portable electronics, and [...]