Pact moves NICO closer to road system


Last updated 11/21/2019 at 2:53pm

Fortune Minerals Ltd.

Fortune's proposed NICO Mine in Northwest Territories would produce battery-grade cobalt, gold, bismuth and copper. Road access, however, is needed to deliver the concentrates produced to a refinery for further processing.

Fortune Minerals Ltd. Nov. 21 announced it has signed an agreement with the Tlicho First Nation for building a road that connects the NICO cobalt-gold-bismuth-copper project to the community of Whati, a Northwest Territories community about 51 kilometers (32 miles) south of Fortune's proposed Nico cobalt-gold-bismuth-copper mine.

The 97-kilometer (60 miles) Tlicho Road, which will connect Whati...

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