FORTUNE MINERALS Aktie

 

Eliminates a risk for the vertically integrated development as the Company advances the NICO critical minerals project closer to a construction decision LONDON, Ontario--(BUSINESS WIRE)--$FT #Bismuth--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has closed the C$3.8 million loan previously announced with Prosper NWT, a public agency of the Government of the Northwest Territories (see November 10, 2025 news release). Fortune has also completed the acquisition of the Lamont County, Alberta site and facilities that were previously held under a purchase option with JFSL Field Services ULC (“JFSL”) (see August 19, 2024 news release). Fortune plans to construct a hydrometallurgical facility at this site (“Alberta Refinery”) to process concentrates from the NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories (“NWT”) (collectively the “NICO Project”). The NICO Project w...

Building the team to advance the NICO Critical Minerals Project to a construction decisionLONDON, Ontario--(BUSINESS WIRE)--#Bismuth--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that Mr. David Massola has rejoined the Company as Vice President, Business Development to assist with the transition of the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (“NICO Project”) to project finance and development. David Massola is a seasoned mining industry financial executive with decades of experience working for large multinational mining and processing companies, junior mining companies, and developers, including significant work in Canada's northern territories. Dave will be based in Toronto and will help the Company with its strategic and financial planning, assist with joint ventures, corporate and project finance, and he will lead the negotiations for First Nation Participation Agreem...

Proceeds to provide working capital & pre-pay government supported work programs NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESLONDON, Ontario--(BUSINESS WIRE)--#Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has entered into a new convertible security funding agreement (“Funding Agreement”) with Lind Global Fund III, LP, an entity managed by The Lind Partners (together, “Lind”) pursuant to which the Company has agreed to draw down C$3,155,000 in exchange for the issuance of a convertible security to Lind (the “Convertible Security”). The proceeds from the issuance of the Convertible Security will be used for general working capital purposes and to pre-pay and partially match the costs for government supported work programs currently underway for the vertically integrated NICO Cobalt-Gold-Bismuth-Copper Critical Minerals Project (“NICO Project”) (s...

LONDON, Ontario--(BUSINESS WIRE)--#Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2025 Annual Meeting of Shareholders held on June 24, 2025 (the “Meeting”) were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below: Nominee  Votes For  % For  Votes Withheld  % Withheld Robin E. Goad  121,187,661   94.69%   6,795,181   5.31% Glen Koropchuk  125,590,337   98.13%   2,392,505   1.87% John McVey  125,976,887   98.43%   2,005,955   1.57% Mahendra Naik  125,118,511   97.76%   2,864,331   2.24% David Ramsay  124,067,037   96.94%   3,915,805   3.06% Edward Yurkowski  125,695,077   98.21%   2,287,765   1.79% Shareholders also approved the re-appointment of McGovern Hurley LLP as the auditor of Fortune. The presentation made at the Annual Meeting is available on the Company's websi...

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