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Fortune Minerals Ltd (FMP.MU)
- Business Wire
Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project
LONDON, Ontario, May 16, 2024--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) 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 ("NICO Project"). The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for
- Business Wire
Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development
LONDON, Ontario, May 16, 2024--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that the United States Department of Defense ("DoD") has awarded the Company a US$6,380,555 (~C$8.74 million) grant under the Defense Production Act ("DPA") 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
- Business Wire
Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing
LONDON, Ontario, April 08, 2024--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit ("NICO Deposit") in the Northwest Territories ("NWT") to SGS Canada Inc. in Lakefield, Ontario. These ores will be used to conduct additional metallurgical testing and pilot work to validate recent optimizations and support detailed engineering and an
