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Latest Press Releases

Fortune Minerals Announces Results of Annual and Special Meeting of Shareholders
- BusinessWire - Wed Jun 24, 9:13AM CDT
BusinessWire - CMTX
Wed Jun 24, 9:13AM CDT
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2020 Annual and Special Meeting of shareholders held on June 23, 2020 (the "Meeting") were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below:
Fortune Minerals Announces COVID-19 Cost Saving Measures and Resumption of Tlicho All-Season Road Construction
- BusinessWire - Mon Jun 8, 6:24AM CDT
BusinessWire - CMTX
Mon Jun 8, 6:24AM CDT
Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is providing an update of cost saving measures it has taken to preserve working capital during the market uncertainty caused by the Coronavirus pandemic. Fortune continues to make progress with a number of NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") optimizations completed using internal resources to enhance project economics at prevailing metal prices. The Company is also pleased to report that construction of the Tlicho All-Season Road for the Government of the Northwest Territories has resumed.
Fortune Minerals Provides NICO Project Update
- BusinessWire - Thu May 7, 6:58AM CDT
BusinessWire - CMTX
Thu May 7, 6:58AM CDT
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is providing an update of current work to advance the NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") in Canada during the Coronavirus pandemic. Fortune is complying with government protocols, including temporary closure of the Company's head office, prohibiting non-essential travel, and employees are social distancing and working remotely from their homes. Technical work has advanced on the NICO Project during this period, primarily by employees with some assistance from engineering consultants. Fortune has also received financial assistance through government programs available to it, and has outstanding applications pending for additional support. The Company is also reducing costs where it can to preserve cash until confidence returns to the capital markets, which it normally depends upon for its source of working capital.
Fortune Minerals Provides NICO Project Update
- BusinessWire - Tue Mar 3, 6:30AM CST
BusinessWire - CMTX
Tue Mar 3, 6:30AM CST
Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to provide an update of current activities toward development of the NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") in Canada. The NICO Project consists of a planned mine and concentrator in the Northwest Territories, and a related refinery in southern Canada where the Company plans to process concentrates from the mine to value added metals and chemicals. The Mineral Reserves of the NICO Deposit contain cobalt and bismuth, both metals identified on the U.S. Government and European Union Critical Minerals Lists, plus more than one million ounces of gold and byproduct copper (see Fortune news release, dated April 2, 2014). Development of the NICO Project would provide a reliable North American vertically integrated supply of cobalt and bismuth to mitigate supply chain concerns from geopolitical risks and geographic concentration of supply in the Democratic Republic of Congo and China. Fortune is continuing discussions with potential strategic partners interested in the NICO development and participating in the supply chain for transformative automotive electrification with cobalt chemicals required to make the cathodes of lithium-ion batteries together with a highly liquid gold co-product.
Fortune Minerals Closes Additional Private Placement of Flow-through Common Shares
- BusinessWire - Fri Dec 20, 1:46PM CST
BusinessWire - CMTX
Fri Dec 20, 1:46PM CST
--NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Fortune Minerals Signs Access Agreement With the Tlicho Government for the NICO Project Access Road
- BusinessWire - Thu Nov 21, 5:57AM CST
BusinessWire - CMTX
Thu Nov 21, 5:57AM CST
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has signed an Access Agreement with the Tlicho Government that supports the development of the NICO cobalt-gold-bismuth-copper project ("NICO Project") in Canada's Northwest Territories. The NICO Project is one of the few mineral development assets outside of the Democratic Republic of Congo positioned to service the accelerating demand for cobalt in lithium-ion batteries as the global automotive industry transitions to electric vehicles. The NICO Mineral Reserves also contain more than one million ounces of gold.
Fortune Minerals Closes Flow-through Private Placement
- BusinessWire - Tue Nov 19, 6:28AM CST
BusinessWire - CMTX
Tue Nov 19, 6:28AM CST
--NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Fortune Minerals Provides NICO Cobalt-Gold-Bismuth-Copper Project Technical Report Update
- BusinessWire - Thu Oct 3, 6:00AM CDT
BusinessWire - CMTX
Thu Oct 3, 6:00AM CDT
Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is providing a progress report on the study by Hatch Ltd. ("Hatch"), P&E Mining Consultants Inc. ("P&E") and Micon International Limited ("Micon") that was updating the 2014 National Instrument 43-101 Technical Report on the NICO Project Feasibility Study ("Technical Report") by Micon. The previous Technical Report validated the feasibility of the NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") at a mill production rate of 4,650 tonnes of ore per day ("tpd") using a combined open pit and underground mining strategy and vertically integrated development. The updated study was assessing an expanded mill throughput rate of 6,000 tpd and a number of process improvements for the vertically integrated development reflecting the demands for greater cobalt product output from potential strategic partners. It was also assessing lower capital cost options of producing gold and metal concentrates at the mine site for sale to third-party processors that would eliminate or defer the need to construct a vertically integrated refinery. The base case for both studies contemplated a mine and concentrator in Canada's Northwest Territories and a related refinery in southern Canada producing cobalt sulphate used in lithium-ion rechargeable batteries, gold dore, bismuth ingot, and copper cement.
Northwest Territories Government Holds Ground Breaking Ceremony for Tlicho All-Season Road to Whati
- BusinessWire - Mon Aug 26, 6:00AM CDT
BusinessWire - CMTX
Mon Aug 26, 6:00AM CDT
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that the Government of the Northwest Territories ("GNWT") held a ground-breaking ceremony in the community of Whati on August 24, 2019 to celebrate the commencement of construction of the Tlicho All-Season Road ("Tlicho Road"). This 97-kilometre, two-lane gravel highway will replace the existing winter ice road to Whati and provide a more reliable all-season connection to the Territorial highway system as part of the GNWT's Infrastructure Plan. Fortune's NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") is located 50 kilometres north of Whati and the Company plans to construct a spur road to the mine as part of its proposed development. The NICO Project is one of the few cobalt development assets outside of the Democratic Republic of Congo to service demand growth in lithium-ion batteries used to power portable electronic devices, electric vehicles and stationary energy storage systems to make electricity use more efficient. The Mineral Reserves for the NICO Project also contain more than one million ounces of gold.
Fortune Minerals Announces New Discovery at NICO
BusinessWire - Thu Jul 18, 6:55AM CDT
BusinessWire - CMTX
Thu Jul 18, 6:55AM CDT
Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report the discovery of a new zone of copper mineralization at its 100% owned NICO cobalt-gold-bismuth-copper project ("NICO Project"), located 160 km northwest of Yellowknife, Northwest Territories, Canada. The new zone was identified in bedrock exposed in a pit excavated last spring to provide aggregate for road work and is located 1.6 km southeast along the projection of strike from the main NICO deposit. The new zone is located on the periphery of previously identified coincident magnetic, gravity and electrical resistivity geophysical anomalies at Peanut Lake that are similar to the ones associated with the main NICO deposit. Three of four representative grab samples collected from the pit returned grades of 1.66%, 1.55% and 0.78% copper from analyses carried out at ALS Canada Ltd. in North Vancouver.

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