Status

The Environmental Assessment process is complete and the federal and Tlicho governments have approved the NICO mine and mill. Fortune has received the Type A Water License and Land Use Permit required to construct and operate the NICO mine and concentrator, which 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 Government of the Northwest Territories. The Company has also initiated Tlicho Participation Agreement negotiations and is advancing discussions with the Tlicho Government toward completing agreements on the NICO development.

Fortune continues to pursue off-take agreements and financing solutions with the objective of commencing construction activities as soon as project financing is secured

Information presented in this website was accurate at the time of posting; however, some information may be superseded by subsequent disclosures.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.

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Thumb Date Download
May 31, 2017 Corporate Presentation 5.46 MB
December 2, 2013 Fact Sheet 2.42 MB
November 20, 2013 COBALT NEWS
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