North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Fortune Minerals Ltd. reported Dec. 4 the startup of a $3.8 million pilot plant last month at SGS Lakefield Research Limited in Ontario for its Nico cobalt-gold-bismuth deposit in the Northwest Territories. Fortune aims to confirm the economic... — Updated 1/10/2018

FT: TSX President and CEO: Robin E. Goad, M. Sc., P.Geo. Vice President, Finance and CFO: Julian Kemp, B.B.A., C.A. Vice President, Operations: Tom Rinaldi Fortune Minerals is a diversified natural resource company with several mineral deposits and... — Updated 10/31/2010

Though most of the gold fever sweeping northern Canada these days is focused on Yukon Territory's White Gold district to the west and near Agnico-Eagle Mines Ltd.'s new Meadowbank Mine to the east in Nunavut, a growing number of explorers are... — Updated 7/25/2010

Chinese companies are doing their homework and investing in base metals projects in northern and western Canada to take advantage of rising prices and to secure a future supply of the minerals for their operations back home. First on the scene... — Updated 6/27/2010

Fortune Minerals Ltd. has identified a site in Saskatchewan for a processing facility for its Nico Project located 160 kilometers, or 99 miles, northwest of Yellowknife, Northwest Territories. The junior said Nov. 3 that it entered into an... — Updated 11/22/2009 Full story

FT: TSX President and CEO: Robin E. Goad Vice President, Finance & CFO: Julian Kemp Vice President, Operations: Tom Rinaldi Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of advanced... — Updated 11/1/2009

Hampered by a recession-driven drought in capital markets, mineral explorers in the Northwest Territories met the challenges of 2009 with a variety of survival strategies. With significant diamond, precious and base metal projects and prospects at... — Updated 11/1/2009

Fortune Minerals Ltd. is taking the lemons it has encountered in developing the Nico Project in Northwest Territories and making lemonade. The London, Ont.-based junior recently reported substantial progress in overcoming major obstacles to... — Updated 8/30/2009 Full story

The Northwest Territories has four operating mines: three diamond producers and one long-running tungsten operation. Exploration and development activity was brisk in 2008 with the most advanced projects located in the Slave Province. Here's a... — Updated 3/29/2009 Full story

Producing mines Thompson Creek Metals Co. operates the Endako Mine, a molybdenum producer for more than 40 years. Located near Fraser Lake in northern British Columbia, Endako includes three open pits, a mill and a roasting facility, and is... — Updated 2/22/2009 Full story

The Northwest Transmission Line along Highway 37 is once again on the front burner in British Columbia, and development of the 517-kilometer-long, or 321-mile-long, power line could provide easier access to Lower 48 markets for power generated in... — Updated 10/26/2008 Full story

Mining exploration appears to be hotter than ever this season in the Northwest Territories and Nunavut, but the Canadian Arctic region's few producers are getting hammered by the strong Canadian dollar. The discrepancy was particularly evident in... — Updated 6/29/2008

Two of Canada's westernmost governments are moving forward with power transmission projects aimed at bringing lower cost energy and jobs to rural residents while spurring mine development in remote areas. British Columbia and Yukon Territory... — Updated 10/28/2007 Full story

Proponents of an Alaska-Canada rail link are thinking big. In a phase 1 feasibility study commissioned by the State of Alaska and the Yukon government and published in June, they estimate that the project would generate 3,000 direct jobs in... — Updated 7/29/2007

More junior mining companies than ever appear to be seeking their fortunes in precious metals and gems in the wilds of northwestern Canada these days and more seem to be joining the throng every day. Still, few of these modern-day explorers are... — Updated 4/29/2007

If Lucky Shot lives up to its name, it could net Vancouver, British Columbia-based junior Full Metal Minerals millions of dollars. But the chances are slim. Less than 1 percent of exploration projects eventually develop into operating mines,... — Updated 8/28/2005

Current market conditions favor the three metals uncovered in the Pebble project operated by Northern Dynasty Minerals Ltd. in southwestern Alaska. Not only are gold and copper fetching good prices, but a recent run-up in molybdenum prices could... — Updated 3/27/2005