Saskatchewan Metals Processing Plant

Fortune Minerals Limited owns the lands near Saskatoon, Saskatchewan that is the proposed site for a refinery to process the concentrates produced at the NICO mine and mill in the Northwest Territories.

The greatest economic attribute of the NICO deposit is the ore’s high concentration ratio. This means that a concentrate containing all the valuable metals can be produced using a simple flotation process. The resulting concentrate is less than 5% of the original mass and can be transported economically from the mine site to a lower cost region for processing.

The attraction of Saskatchewan as a location for the refinery is primarily related to the availability of lower cost electricity and the support of the Government of Saskatchewan, which passed attractive tax legislation to encourage processing of raw materials that have been sourced from outside the province.

The SMPP lands are located 27km northwest of Saskatoon and straddle the CN main rail line near the Yellowhead Highway. The site has access to nearby natural gas and reagent sources for processing as well as a skilled labour pool of engineers and refinery workers. The opportunity to process concentrate from NICO, source materials from other projects for custom processing along with the potential to participate in the metals recycling business positions the SMPP as an important Fortune asset.

Environmental Assessment Approval

The Saskatchewan Minister of Environment approved the SMPP in early 2014, concluding that any risks from the Project will be mitigated such that no significant adverse environmental effects are expected. Fortune will now begin the rezoning process for the land it owns for the proposed refinery and is moving ahead with the completion of management and monitoring plans, design details and preparation of appropriate reclamation security funding.

Fortune will continue to engage with the Rural Municipality of Corman Park, the towns of Langham and Dalmeny, and local residents to communicate the project’s progress and address concerns. Fortune recognizes that metal refining is uncommon in the province and understands that engagement with local residents will need to be sustained throughout the life of the SMPP. As part of its commitments, Fortune will fund an independent community based monitoring group. Click here to review the Frequently Asked Questions.

Click thumbnail to view SMPP flyby

Langham Open House Handouts

Information presented in this website was accurate at the time of posting; however, some information may be superseded by subsequent disclosures. The reader is cautioned to review all postings to ensure they are aware of any updated information.

Learn »

Thumb Date Download
December 3, 2013 Annual Review 2012 4.50 MB
December 2, 2013 Fact Sheet 1.24 MB
December 1, 2013 Corporate Presentation 4.68 MB
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