Fortune Minerals Ltd.

Fortune Minerals Ltd. is pleased to provide an update of ongoing work on the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada . The NICO Project is comprised of a planned mine and concentrator in the Northwest Territories and a hydrometallurgical processing facility in Lamont County, Alberta where concentrates from the mine, and other feed sources, will be processed to value-added [...]

Fortune Minerals Ltd. is pleased to announce that it has drawn down an additional C$1,575,000 from its convertible security funding agreement with Lind Global Fund II, LP, managed by The Lind Partners . The proceeds from this Second Convertible Security drawdown will be used for general working capital purposes and to pre-fund some of the government supported work on the vertically integrated NICO [...]

Fortune Minerals Ltd. is pleased to announce that it has retained Worley Canada Services Ltd. to conduct additional engineering and lead the preparation of an updated Feasibility Study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada . The NICO Project is an advanced Critical Minerals development comprised of a planned mine and concentrator in the Northwest Territories and a hydrometallurgical recovery plant in [...]

Fortune Minerals Ltd. is pleased to announce that it has entered into a new option agreement with JFSL Field Services ULC to purchase the brownfield industrial site in Lamont County, Alberta where it plans to construct its hydrometallurgical refinery . The Alberta Refinery would process metal concentrates from Fortune's planned NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories and provide [...]

Fortune Minerals Ltd. announces that the option to purchase the JFSL Field Services ULC brownfield industrial site in Lamont County, Alberta could not be completed before the expiry of the option on June 30, 2024. Both, Fortune and JFSL remain willing and able to complete a different transaction that would enable the Company to complete the purchase under a new arrangement as soon as possible. Fortune will provide an [...]

Fortune Minerals Ltd. reports that the nominees listed in the management information circular for the 2024 Annual Meeting of Shareholders held on June 25, 2024 were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below: Nominee Votes For % For Votes Withheld % Withheld Robin E. Goad 131,382,847 99.39% 806,875 0.61% Glen Koropchuk 128,779,281 97.42% 3,410,441 2.58% John [...]

Fortune Minerals Ltd. is pleased to announce that it has entered into a convertible securities agreement with Lind Global Fund II, LP, managed by The Lind Partners for up to C$10,000,000. Fortune has received an initial C$1.25 million in exchange for the issuance of a first convertible security, and subject to the agreement of both parties, additional drawdowns can be made. Most of the proceeds from the first drawdown [...]

TORONTO, May 16, 2024 /CNW/ - Trading resumes in: Company: Fortune Minerals Ltd. TSX Symbol: FT All Issues: Yes Resumption : 10:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on [...]

Fortune Minerals Ltd. is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company's 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada . The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling [...]

Fortune Minerals Ltd. is pleased to announce that the United States Department of Defense has awarded the Company a US$6,380,555 grant under the Defense Production Act Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper [...]