Fortune Minerals Limited. T.FT

Gov. of Canada Launches $1.5-Billion CM Infrastructure Fund

[Allman]

https://finance.yahoo.com/news/government-canada-launches-1-5-181500405.html

https://www.canada.ca/en/campaign/critical-minerals-in-canada/federal-support-for-critical-mineral-projects-and-value-chains/critical-minerals-infrastructure-fund.html

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- this is EXCELLENT NEWS for NICO ROAD and HYDRO GRID CONNECTIONS to the MINE SITE *** Stream 1 Preconstruction and project development Funds preconstruction activities required to advance projects toward a shovel-ready state, including studies; planning; design work; assessments; infrastructure-specific consultation; knowledge sharing; and engagement with Indigenous communities

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- PHASE 1 of Fund is $ 300 million under STREAM 1 and 2 *** Open call for proposals: Applications will be accepted until February 29, 2024. Submit a full project proposal through the CMIF secure funding portal. Advancing clean energy and transportation infrastructure projects The Critical Minerals Infrastructure Fund (CMIF) will provide up to $1.5 billion

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- SPECIFIC INFRASTRUCTURE WORK related to the NICO Project (mine, mill and concentrator): 1- it is 22 kilometers from the SNARE Hydro dam and GRID SUB-STATION CONNECTION NODE  *** Northwest Territories Power Corporation HYDRO ELECTRIC   SNARE HYDRO SYSTEM The Snare Hydro System provides power to Yellowknife, Behchoko and Dettah, north of Great Slave Lake. The Snare