Fortune Minerals Receives Its Northwest Territories Water Licence and Land Use Permit Renewals for the NICO Mine
The vertically integrated NICO Cobalt-Gold-Bismuth-Copper mine and hydrometallurgical plant was a featured project at the inaugural Canada Investment Summit earlier this week LONDON, Ontario — Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or “the Company”) ( www.fortuneminerals.com) is pleased to announce that the Class A Water License renewal for the NICO mine and concentrator […]
Fortune Minerals has secured the necessary water license and land use permit renewals for its NICO Mine in the Northwest Territories. The approvals were granted by Minister Jay McDonald on September 14th, 2026. The Wek'èezhìı Land and Water Board recommended the draft terms, which the Minister accepted and signed. These permits, along with the environmental assessment, will govern the construction and operation of the NWT facilities.
The NICO Project, currently in advanced development, focuses on a cobalt-gold-bismuth-copper mine, concentrator, and a dedicated hydrometallurgical facility in Alberta. The mine is expected to supply North America with battery-grade cobalt sulphate, bismuth ingots, copper cement, and over a million ounces of in-situ gold as a liquid co-product.
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