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Enter Symbol
or Name
USA
CA



Fortune Minerals Ltd
Symbol FT
Shares Issued 190,244,847
Close 2014-07-22 C$ 0.39
Market Cap C$ 74,195,490
Recent Sedar Documents

Fortune Minerals receives Type A water licence for Nico

2014-07-23 13:15 ET - News Release

An anonymous director reports

FORTUNE MINERALS RECEIVES FINAL WATER LICENCE APPROVAL TO CONSTRUCT AND OPERATE THE NICO MINE

In accordance with the Wek'eezhii Land and Water Board's recommendation (see news release dated June 18, 2014), J. Michael Miltenberger, government of the Northwest Territories (GNWT) Minister of Environment and Natural Resources, has given final approval for the Type A water licence required to construct and operate Fortune Minerals Ltd.'s Nico gold-cobalt-bismuth-copper mine and concentrator. Along with the earlier-issued land use permit (see news release dated June 18, 2014), this constitutes the final step in the permitting process, and the company can now commence construction of the mine upon receipt of project financing and after making the initial closure bond payments to the GNWT. Fortune continues to work with Deloitte Corporate Finance Canada Inc. to secure project financing, and negotiations are advancing with a strategic partner and its banks.

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