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Fortune Minerals Announcing Additional Govt Support to Help Purchase the NICO Alberta Refinery Site
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Fortune Minerals Announcing Additional Govt Support to Help Purchase the NICO Alberta Refinery Site
Nov 10, 2025 6:19 AM

08:48 AM EST, 11/10/2025 (MT Newswires) -- Fortune Minerals Limited ( FTMDF ) entered Monday into a binding offer letter for a loan with a principal amount of C$3.8 million from Prosper NWT, a public agency of the Government of the Northwest Territories established to support the economic objectives of the GNWT.

A statement noted the loan will enable Fortune to complete the purchase of the Lamont County, Alberta site and existing facilities from JFSL Field Services LLC where FT plans to construct a hydrometallurgical facility to process concentrates from the NICO cobalt-gold-bismuth-copper mine in the NWT, and "make value-added critical mineral products for the energy transition, new technologies and defense".

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