Fortune gets $50M for Nico road
Fortune Minerals (TSX: FT; US-OTC: FTMDF) and the Tłı̨chǫ government might receive up to $50 million (US$35.25 million) from Ottawa to help connect the long-delayed Nico project in the Northwest…
Fortune Minerals
Fortune advances Nico cobalt-gold project as cash hurdle looms
Fortune Minerals (TSX: FT; US-OTC: FTMDF) plans to publish an updated feasibility study next month at its long-delayed Nico cobalt-gold-bismuth project as it looks towards construction in 2027 of what…
Fortune lands more funding for Alberta refinery
Fortune Minerals (TSX: FT; US-OTC: FTMDF) says it plans to accept a small loan from the Northwest Territories to buy a refinery site for the world’s largest bismuth deposit. The…
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Funding propels Fortune closer to NWT bismuth decision
Cross-border government aid is helping Canada’s Fortune Minerals (TSX: FT) approach a construction decision next year on its main Nico cobalt-gold-bismuth-copper deposit in the Northwest Territories. Fortune secured grants last…
Electra surges on US$20M Washington funding for Ontario cobalt refinery
Electra Battery Materials’ (TSX-V: ELBM; NASDAQ: ELBM) shares jumped 40% Monday on news it received US$20 million from the United States’ Department of Defense (DoD) to help develop its cobalt…
Snapshot: Eight companies advancing projects in BC, the Prairies and the Far North
Canada is one of the best-endowed countries on Earth when it comes to minerals and has the skilled workforce needed to extract them. Here’s a look at eight companies active…
Opinion: Ring of Fire road must start ASAP
The Ring of Fire camp is the most important mining discovery in Canadian history for its strategic minerals including nickel, copper, platinum group metals, chromite and titanium. It even exceeds…
Fortune Minerals secures $16M in Canada, US government funding
Shares of Fortune Minerals (TSX: FT; US-OTC: FTMDF) hit a 52-week high on Thursday after the critical minerals developer announced it has secured additional funding from the Canadian and United…
Fortune Minerals gets federal funding for NWT project, Alberta refinery
Fortune Minerals (TSX: FT) will receive a $714,500 investment from the Canadian government to produce cobalt sulphate and bismuth ingots from the company’s planned NICO mine in the Northwest Territories…
Fortune Minerals stock gains on government funds for NICO
Fortune Minerals (TSX: FT; US-OTC: FTMDF) shares soared on Tuesday after the Canadian miner announced government funding of up to $887,170 to help advance its longstanding NICO cobalt-gold-bismuth-copper project in…
Fortune Minerals plans Alberta cobalt refinery
Fortune Minerals (TSX: FT) intends to buy a defunct steel processing plant in Alberta and turn it into a cobalt refinery. The company says the plant, which it will purchase for $5.5 million, will significantly reduce the…