Fortune Minerals - Kobalt, Wismut, Gold + Kohle (Seite 14)
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Fortune Minerals Announces Successful Production of 99.99% Bismuth Ingot; Permitting Update for NICO Mine and Saskatchewan Metals Processing Plant - Jul 29, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
"LONDON, ON, July 29 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce that it has successfully demonstrated the production of 99.99% bismuth ingot (metal) from its 100% owned NICO Gold-Cobalt-Bismuth-Copper Project in the Northwest Territories and Saskatchewan. High purity bismuth ingot with 99.99% purity is the standard product that is typically quoted for sale and traded on global metal markets. The ability to produce bismuth cathode and ingot is a significant improvement to the NICO project since completion of the definitive feasibility study for the project by Micon International Limited in 2007, and the 2008 economic update (see Fortune News Release, dated May 8, 2008)(1).
Fortune previously demonstrated the production of a minimum 99% bismuth cathode powder product. High purity metal ingots can now be poured after smelting this powder in an induction furnace with flux to remove other metal impurities. The metallurgical test work for the NICO project, including two pilot plant tests, has been conducted at SGS Lakefield Research Limited under the supervision of Alex Mezei, P.Eng. in compliance with NI 41-101.
As a result of this and other project improvements, NICO will have average annual production of approximately 34,000 ounces of gold as doré, 3.4 million pounds (~1,550 tonnes) of cobalt as 99.8% cathode, 3.65 million pounds (1,650 tonnes) of bismuth as 99% cathode or 99.99% ingot, and 770,000 pounds (350 tonnes) of copper as 99.995% cathode over the projected 18-year mine life. Fortune has a letter of intent to sell its bismuth production to MCP Group, a Belgium-based company with plants in Europe, North America and China and the world's largest producer of bismuth based products. Fortune is in discussions with other companies interested in purchasing the Company's cobalt production.
NICO is a proposed vertically integrated project consisting of a mine, mill and concentrator in the southern part of the Northwest Territories, 160 km northwest of the City of Yellowknife, and a hydrometallurgical process plant that will be located near Saskatoon, Saskatchewan. The NICO deposit contains 31 million tonnes of mineral reserves containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper (see Fortune News Release, dated January 14, 2010)(1). The deposit will be mined by a combination of open pit and underground mining methods. The mill will operate at a planned production rate of 4,650 tonnes of ore per day. Because of the very high concentration ratio of NICO ores, most of the valuable metal would be recovered in only 180 tonnes of bulk concentrate produced per day. This concentrate will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") near Saskatoon for refining to high value metal products. Fortune already owns the equipment from the Golden Giant Mine at Hemlo, Ontario, which will be relocated to the Northwest Territories and Saskatoon to reduce initial capital for the NICO project.
(1) For further information regarding details of the NICO Mineral Reserves and Definitive Feasibility Study, please refer to the Company's disclosures on the Sedar website at www.sedar.com
The NICO project is currently in the Environmental Assessment ("EA") process in the Northwest Territories to permit the mine, mill and concentrator. Fortune has completed the collection of baseline environmental information required to prepare its Developers Assessment Report that will outline baseline conditions, assess impacts, and develop mitigation strategies as listed in the Terms of Reference and EA work plan already issued by the Mackenzie Valley Environmental Impact Review Board. The Company has also completed two rounds of community consultation for the project in Yellowknife and the nearby Tlicho communities of Behchoko, Gameti, Wekweeti and Whati.
Fortune has also collected most of the baseline environmental information required to permit the SMPP and has already submitted its Environmental Project Proposal ("EPP") to the Environmental Assessment Branch of the Saskatchewan Ministry of Environment. This EPP describes Fortune's plans for the construction, operation and closure of the SMPP. Meetings have been held with local town and rural municipality representatives to keep them informed of the project. Open houses for the general public will be held this fall as part of the EA and rural re-zoning processes. Fortune will also be working closely with Enterprise Saskatchewan and the Saskatoon Regional Economic Development Authority to streamline the permitting process.
Fortune has engaged BNP Paribas to arrange a US$ 250 million debt facility to finance the NICO project.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
"LONDON, ON, July 29 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce that it has successfully demonstrated the production of 99.99% bismuth ingot (metal) from its 100% owned NICO Gold-Cobalt-Bismuth-Copper Project in the Northwest Territories and Saskatchewan. High purity bismuth ingot with 99.99% purity is the standard product that is typically quoted for sale and traded on global metal markets. The ability to produce bismuth cathode and ingot is a significant improvement to the NICO project since completion of the definitive feasibility study for the project by Micon International Limited in 2007, and the 2008 economic update (see Fortune News Release, dated May 8, 2008)(1).
Fortune previously demonstrated the production of a minimum 99% bismuth cathode powder product. High purity metal ingots can now be poured after smelting this powder in an induction furnace with flux to remove other metal impurities. The metallurgical test work for the NICO project, including two pilot plant tests, has been conducted at SGS Lakefield Research Limited under the supervision of Alex Mezei, P.Eng. in compliance with NI 41-101.
As a result of this and other project improvements, NICO will have average annual production of approximately 34,000 ounces of gold as doré, 3.4 million pounds (~1,550 tonnes) of cobalt as 99.8% cathode, 3.65 million pounds (1,650 tonnes) of bismuth as 99% cathode or 99.99% ingot, and 770,000 pounds (350 tonnes) of copper as 99.995% cathode over the projected 18-year mine life. Fortune has a letter of intent to sell its bismuth production to MCP Group, a Belgium-based company with plants in Europe, North America and China and the world's largest producer of bismuth based products. Fortune is in discussions with other companies interested in purchasing the Company's cobalt production.
NICO is a proposed vertically integrated project consisting of a mine, mill and concentrator in the southern part of the Northwest Territories, 160 km northwest of the City of Yellowknife, and a hydrometallurgical process plant that will be located near Saskatoon, Saskatchewan. The NICO deposit contains 31 million tonnes of mineral reserves containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper (see Fortune News Release, dated January 14, 2010)(1). The deposit will be mined by a combination of open pit and underground mining methods. The mill will operate at a planned production rate of 4,650 tonnes of ore per day. Because of the very high concentration ratio of NICO ores, most of the valuable metal would be recovered in only 180 tonnes of bulk concentrate produced per day. This concentrate will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") near Saskatoon for refining to high value metal products. Fortune already owns the equipment from the Golden Giant Mine at Hemlo, Ontario, which will be relocated to the Northwest Territories and Saskatoon to reduce initial capital for the NICO project.
(1) For further information regarding details of the NICO Mineral Reserves and Definitive Feasibility Study, please refer to the Company's disclosures on the Sedar website at www.sedar.com
The NICO project is currently in the Environmental Assessment ("EA") process in the Northwest Territories to permit the mine, mill and concentrator. Fortune has completed the collection of baseline environmental information required to prepare its Developers Assessment Report that will outline baseline conditions, assess impacts, and develop mitigation strategies as listed in the Terms of Reference and EA work plan already issued by the Mackenzie Valley Environmental Impact Review Board. The Company has also completed two rounds of community consultation for the project in Yellowknife and the nearby Tlicho communities of Behchoko, Gameti, Wekweeti and Whati.
Fortune has also collected most of the baseline environmental information required to permit the SMPP and has already submitted its Environmental Project Proposal ("EPP") to the Environmental Assessment Branch of the Saskatchewan Ministry of Environment. This EPP describes Fortune's plans for the construction, operation and closure of the SMPP. Meetings have been held with local town and rural municipality representatives to keep them informed of the project. Open houses for the general public will be held this fall as part of the EA and rural re-zoning processes. Fortune will also be working closely with Enterprise Saskatchewan and the Saskatoon Regional Economic Development Authority to streamline the permitting process.
Fortune has engaged BNP Paribas to arrange a US$ 250 million debt facility to finance the NICO project.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
Fortune Minerals announces $2 million flow-through financing - Jul 2, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
Fortune Minerals engages Deloitte as Mount Klappan anthracite metallurgical coal project financial advisor - Jun 30, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
Fortune Minerals commences NICO summer drill program - Jun 16, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
Fortune Minerals updates NICO Field Programs - Supports Federal Government initiative to streamline northern regulatory process - May 11, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
"LONDON, ON, May 11 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to provide a progress report for its recently completed winter drill program on its 100% owned NICO Gold-Cobalt-Bismuth-Copper project in the Northwest Territories ("NWT"). NICO, located 160km northwest of the City of Yellowknife and 50km north of the community of Whati, is in the second phase of an Environmental Assessment to permit a mine and concentrator in the NWT. Bulk concentrate produced from the mine will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant where it will be further processed to produce gold doré, and cobalt, bismuth and copper cathode high value metal products.
Drilling equipment, fuel and other bulk supplies were mobilized to the NICO site over the winter ice road in February and March by Tlicho Logistics. Geotechnical and environmental drilling was conducted in March by Foraco Drilling Ltd. ("Foraco") to support engineering and construction planning for the mine and concentrator. Seven boreholes were drilled to collect geotechnical data along the centerline of the proposed dam alignments for the comingled tailings and mine rock management area and the effluent polishing pond. Packer testing of the bedrock was also conducted to assess the rock permeability for containment of process water. Thirteen monitoring wells were installed downstream from the dam alignments and the plant site to collect baseline water quality information and to monitor water quality during mine operations. The geotechnical and environmental work was supervised by Golder Associates Limited ("Golder"). Environmental scientists from Golder also collected additional surface and ground water samples, the latter from three deep monitoring wells established in the NICO ore zone to characterize and monitor water quality.
Condemnation drilling was conducted beneath the proposed tailings and mine rock management area to test for the presence of any potential near-surface mineralization that would be sterilized by construction of these facilities. Condemnation drilling was also conducted beneath the effluent polishing pond. The winter drill program was conducted under the supervision of Mr. Robert Van Egmond, B.Sc., P.Geo., who is a Qualified Person under NI 43-101.
Drilling will resume at NICO in mid-June with additional shallow geotechnical holes being drilled in the plant site area to assess bedrock quality for the design of building and equipment foundations. EBA Engineering Limited is conducting the geotechnical work for the construction of buildings and surface infrastructure.
Additional drilling will be conducted in the NICO deposit after completion of the geotechnical drill program in order to test for extensions to the known mineral reserves where the orebody remains open for possible expansion at depth and along strike. Notably, there is good potential to expand the gold-rich part of the deposit. The NICO deposit currently contains Proven and Probable Underground and Open Pit Mineral Reserves of 31 million tonnes, averaging 0.91 g/t gold, 0.12% cobalt, 0.16% bismuth and 0.04% copper, containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper. For additional information on the NICO mineral reserves, please see Fortune Minerals' News Release, dated January 14, 2010 and the information posted for the Company on the SEDAR website at www.sedar.com. Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the NICO mineral reserves under NI 43-101.
Fortune Minerals is pleased to report that the Government of Canada announced last week an "Action Plan" to improve the northern regulatory process and help unlock the resource potential in Canada's North, which is recognized world-wide. The initiative announced by The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Minister of the Canadian Economic Development Agency, will reportedly ensure that Northern regulatory regimes are more effective, predictable and provide greater certainty to industry, Northerners and all Canadians by introducing legislative changes to improve regulatory processes and reduce overlap and duplication. The government has committed $11 million to streamline the regulatory regime and $8 million to support community-based environmental monitoring. Fortune Minerals supports this initiative to ensure shovel-ready projects like NICO, transition the permitting process in a timely manner.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…
"LONDON, ON, May 11 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to provide a progress report for its recently completed winter drill program on its 100% owned NICO Gold-Cobalt-Bismuth-Copper project in the Northwest Territories ("NWT"). NICO, located 160km northwest of the City of Yellowknife and 50km north of the community of Whati, is in the second phase of an Environmental Assessment to permit a mine and concentrator in the NWT. Bulk concentrate produced from the mine will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant where it will be further processed to produce gold doré, and cobalt, bismuth and copper cathode high value metal products.
Drilling equipment, fuel and other bulk supplies were mobilized to the NICO site over the winter ice road in February and March by Tlicho Logistics. Geotechnical and environmental drilling was conducted in March by Foraco Drilling Ltd. ("Foraco") to support engineering and construction planning for the mine and concentrator. Seven boreholes were drilled to collect geotechnical data along the centerline of the proposed dam alignments for the comingled tailings and mine rock management area and the effluent polishing pond. Packer testing of the bedrock was also conducted to assess the rock permeability for containment of process water. Thirteen monitoring wells were installed downstream from the dam alignments and the plant site to collect baseline water quality information and to monitor water quality during mine operations. The geotechnical and environmental work was supervised by Golder Associates Limited ("Golder"). Environmental scientists from Golder also collected additional surface and ground water samples, the latter from three deep monitoring wells established in the NICO ore zone to characterize and monitor water quality.
Condemnation drilling was conducted beneath the proposed tailings and mine rock management area to test for the presence of any potential near-surface mineralization that would be sterilized by construction of these facilities. Condemnation drilling was also conducted beneath the effluent polishing pond. The winter drill program was conducted under the supervision of Mr. Robert Van Egmond, B.Sc., P.Geo., who is a Qualified Person under NI 43-101.
Drilling will resume at NICO in mid-June with additional shallow geotechnical holes being drilled in the plant site area to assess bedrock quality for the design of building and equipment foundations. EBA Engineering Limited is conducting the geotechnical work for the construction of buildings and surface infrastructure.
Additional drilling will be conducted in the NICO deposit after completion of the geotechnical drill program in order to test for extensions to the known mineral reserves where the orebody remains open for possible expansion at depth and along strike. Notably, there is good potential to expand the gold-rich part of the deposit. The NICO deposit currently contains Proven and Probable Underground and Open Pit Mineral Reserves of 31 million tonnes, averaging 0.91 g/t gold, 0.12% cobalt, 0.16% bismuth and 0.04% copper, containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper. For additional information on the NICO mineral reserves, please see Fortune Minerals' News Release, dated January 14, 2010 and the information posted for the Company on the SEDAR website at www.sedar.com. Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the NICO mineral reserves under NI 43-101.
Fortune Minerals is pleased to report that the Government of Canada announced last week an "Action Plan" to improve the northern regulatory process and help unlock the resource potential in Canada's North, which is recognized world-wide. The initiative announced by The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Minister of the Canadian Economic Development Agency, will reportedly ensure that Northern regulatory regimes are more effective, predictable and provide greater certainty to industry, Northerners and all Canadians by introducing legislative changes to improve regulatory processes and reduce overlap and duplication. The government has committed $11 million to streamline the regulatory regime and $8 million to support community-based environmental monitoring. Fortune Minerals supports this initiative to ensure shovel-ready projects like NICO, transition the permitting process in a timely manner.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
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Fortune Minerals announces the appointment of Grant Chen to the board of directors - Apr 15, 2010
www.newswire.ca/en/releases/archive/April2010/15/c2772.html
"LONDON, ON, April 15 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") announces the appointment of Mr. Shou Wu (Grant) Chen to the Company's board of directors. Mr. Chen is Deputy Chairman and CEO of China Mining Resources Group Limited ("China Mining"), a Hong Kong-based company that mines and processes molybdenum, copper, zinc and other metal products in the Peoples Republic of China ("PRC"), and also has a portfolio of investments in Canadian mining companies. China Mining is currently the company's largest shareholder, holding approximately 16.05% of the outstanding shares plus warrants to purchase an additional 3.85% of the outstanding shares, assuming the full exercise of the warrants held by China Mining and the other outstanding warrants to purchase shares in the company are not exercised. "We are very pleased to welcome Grant to our board", said George Doumet, Chairman of Fortune Minerals. "In addition to having expertise in both mining and merchant banking generally, Grant will provide our Company with representation in the fastest growing region in the world for our products as well as specific expertise in Asian capital markets."
Grant Chen graduated from Jilin University, PRC in 1985 with a bachelor's degree in Mineral Resources Exploration and earned a master's degree in Geological Science in 1988. He obtained his master's degree in Business Administration from the Richard Ivey Business School at the University of Western Ontario in Canada in 2003. Prior to joining China Mining, Mr. Chen worked for Standard Bank in the PRC as the senior vice president in the mining and metals division. For the period from 2003 to 2007, Mr. Chen worked for Kingsway Group, an investment banking firm based in Hong Kong, as a senior mining analyst, Golden China Management Inc., a venture capital firm, and as a business development manager for Golden China Resources Corporation, a Toronto Stock Exchange listed company with gold mining operations in the PRC. Mr. Chen has more than 10 years of additional experience working in the precious metals sector and was a council member for the China Gold Society and a research professor in the Shenyang Institute of Geology and Mineral Resources of the Ministry of Land and Resources, PRC.
Fortune Minerals is pleased to add additional strength and diversity to our board as we move steadily closer to our goal of becoming a successful metals and coal producer with operations in Canada, and a global perspective on the markets we will service.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
Fortune Minerals announces the appointment of Grant Chen to the board of directors - Apr 15, 2010
www.newswire.ca/en/releases/archive/April2010/15/c2772.html
"LONDON, ON, April 15 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") announces the appointment of Mr. Shou Wu (Grant) Chen to the Company's board of directors. Mr. Chen is Deputy Chairman and CEO of China Mining Resources Group Limited ("China Mining"), a Hong Kong-based company that mines and processes molybdenum, copper, zinc and other metal products in the Peoples Republic of China ("PRC"), and also has a portfolio of investments in Canadian mining companies. China Mining is currently the company's largest shareholder, holding approximately 16.05% of the outstanding shares plus warrants to purchase an additional 3.85% of the outstanding shares, assuming the full exercise of the warrants held by China Mining and the other outstanding warrants to purchase shares in the company are not exercised. "We are very pleased to welcome Grant to our board", said George Doumet, Chairman of Fortune Minerals. "In addition to having expertise in both mining and merchant banking generally, Grant will provide our Company with representation in the fastest growing region in the world for our products as well as specific expertise in Asian capital markets."
Grant Chen graduated from Jilin University, PRC in 1985 with a bachelor's degree in Mineral Resources Exploration and earned a master's degree in Geological Science in 1988. He obtained his master's degree in Business Administration from the Richard Ivey Business School at the University of Western Ontario in Canada in 2003. Prior to joining China Mining, Mr. Chen worked for Standard Bank in the PRC as the senior vice president in the mining and metals division. For the period from 2003 to 2007, Mr. Chen worked for Kingsway Group, an investment banking firm based in Hong Kong, as a senior mining analyst, Golden China Management Inc., a venture capital firm, and as a business development manager for Golden China Resources Corporation, a Toronto Stock Exchange listed company with gold mining operations in the PRC. Mr. Chen has more than 10 years of additional experience working in the precious metals sector and was a council member for the China Gold Society and a research professor in the Shenyang Institute of Geology and Mineral Resources of the Ministry of Land and Resources, PRC.
Fortune Minerals is pleased to add additional strength and diversity to our board as we move steadily closer to our goal of becoming a successful metals and coal producer with operations in Canada, and a global perspective on the markets we will service.
About Fortune Minerals:
Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "
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