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By Shane Lasley
Mining News 

Gov funding for Fortune's Nico project

Ottawa, Alberta, supports critical minerals recovery program North of 60 Mining News - December 5, 2023


Last updated 12/9/2023 at 6:35am

Aerial view of the industrial site where Fortune plans to build a refinery.

Fortune Minerals Ltd.

Fortune Minerals has an option to acquire this steel fabrication plant in Alberta, which it plans to repurpose as a refinery to recover cobalt, copper, bismuth, and gold from concentrates produced at its future Nico Mine in Northwest Territories.

Fortune Minerals Ltd. Dec. 5 announced that it has received federal and provincial funding for Nico, a vertically integrated cobalt-gold-bismuth-copper project that is slated to include a mine in Northwest Territories and a hydrometallurgical refinery in Alberta.

Lying about 150 road-kilometers (95 miles) north of the Canadian rail system at Hay River, Northwest Territories, Nico is a near-deve...

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