Fortune Minerals Ltd.

Fortune Minerals Ltd. is pleased to announce that it has closed a private placement of 3,571,399 common shares issued at a price of C$ 0.14 per share on a "flow-through" basis pursuant to the Income Tax Act to raise gross proceeds of approximately C$500,000. The net proceeds received from this offering will be used to fund eligible Canadian Exploration Expenses on the Company's wholly-owned NICO cobalt-gold-bismuth-copper [...]

Fortune Minerals Ltd. is pleased to report that the Tlicho all-season road linking the community of Whati to the national highway system will open to the public on November 30, 2021 . This initiative of the Northwest Territories , federal and Tlicho governments will provide year-round access to the previously isolated community of Whati reducing the cost of living, improving the delivery of services, and facilitating [...]

Fortune Minerals Ltd. is announcing with deep sorrow that Carl Clouter, one of the Company's founding directors, passed away on October 15, 2021, at the age of 78 after a brave fight with cancer. Carl was part of the great Canadian legacy of northern bush pilots who provided the transportation link to isolated communities and exploration camps, and enabled access to remote areas of the North using its distinctive [...]

Fortune Minerals Ltd. is pleased to announce that it has initiated an approximately 3000 metre drill program on the Company's NICO Cobalt-Gold-Bismuth-Copper Deposit in Canada's Northwest Territories. Equipment and personnel are currently being mobilized to the site and drilling is expected to commence at the end of this week. The NICO Deposit and Fortune's nearby Sue-Dianne Copper-Silver-Gold satellite deposit belong to [...]

Fortune Minerals Ltd. is pleased to report the results of its Annual Meeting of Shareholders held on June 22, 2021 , and provide a summary of work on its 100% owned NICO Cobalt-Gold-Bismuth-Copper project in Canada. The NICO Project is a planned vertically integrated Critical Minerals development comprised of a mine and concentrator in the Northwest Territories and a hydrometallurgical refinery at a site in Alberta or [...]

Fortune Minerals Ltd. is pleased to announce that it has closed a private placement offering of units, consisting of one common share of the Company and one-half of one warrant. A total of 3,871,426 units were issued at a price of C$0.14 per unit providing the Company with gross proceeds of C$541,999.64. Each whole warrant entitles the holder to purchase one common share at a price of $0.20 for a period of 18 months from [...]

Fortune Minerals Ltd. is pleased to report that Aurora Geosciences Ltd. has completed three-dimensional modelling and interpretation of the data from last fall's induced polarization and ground magnetometer surveys carried out east of the NICO Cobalt-Gold-Bismuth-Copper Deposit in Canada's Northwest Territories. The geophysical interpretations were reconciled with the geology and previous drill-hole information [...]

Fortune Minerals Ltd. is pleased to announce that it has received indicative terms from a large waste disposal and environmental services company to dispose of the process residue from the planned refinery for the NICO Cobalt-Gold-Bismuth-Copper Project . This waste disposal company operates a number of facilities in western Canada and provided its quote after reviewing the chemistry and environmental characteristics of [...]

Fortune Minerals Ltd. is pleased to report that Aurora Geosciences Ltd. has completed the previously announced induced polarization and ground magnetometer geophysical surveys along the projected east extension of the NICO Gold-Cobalt-Bismuth-Copper Deposit in Canada’s Northwest Territories. The surveys were successful in outlining several large areas of coincident chargeability and magnetic high response with low [...]

Fortune Minerals Ltd. is pleased to report that it has commenced the recently announced geophysical program over the expected east extension of the Company’s 100% owned NICO Gold-Cobalt-Bismuth-Copper Deposit in Canada’s Northwest Territories. Fortune contracted Yellowknife-based Aurora Geosciences Ltd. to conduct the initial phase of work comprised of induced polarization and ground magnetometer surveys over known [...]