Fortune Minerals Ltd T.FT

Alberta Refinery Update on August 6, 2024!

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https://www.canadianminingjournal.com/featured-article/status-of-the-critical-strategic-minerals-industry-in-alberta/
The NICO project is an advanced development stage asset that Fortune has expended more than $137 million to advance from an in-house mineral discovery to a near shovel-ready development asset. To date, the NICO project has received a positive feasibility study, environmental assessment approval, and the major mining permits for the facilities in the NWT. However, Fortune still needs final approval on its management and closure plans.
The mine and concentrator are anticipated to take two years, and the Alberta refinery would take 18 months for construction, conducted concurrently. Commissioning is expected to take place in late 2026 or early 2027, subject to project financing.
The NICO project will have an average annual production of 1,800 metric tonnes of cobalt (approximately 8,780 tonnes of cobalt sulfate), 47,000 oz. of gold, 1,700 tonnes of bismuth, and 300 tonnes of copper…..

[good7news7soon]

Fortune has also entered into a process collaboration agreement with Rio Tinto to assess the feasibility of processing intermediates products from Kennecott smelter wastes in Utah at Fortune’s planned Alberta refinery to increase bismuth and cobalt production. This cross-border initiative is aligned with the Canada-U.S. joint action plan on critical minerals. The NICO project will produce three

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Great Find G7 !  This is about the most positive information we have seen in a long time. Alberta is keying up the alignments we need to advance and we should look forward to see the AB gov and all its arms embrace lil ole Ft  in due course..... that flip of a switch.... may not be far off.  of course... we wait