LONDON, ON, October 28, 2020 /24-7PressRelease/ — Fortune Minerals Limited is a Canadian mining company focused on the development of its 100% owned NICO Gold-Cobalt-Bismuth-Copper Project, comprised of a planned mine and mill in the Northwest Territories and a related hydrometallurgical refinery in southern Canada where it will produce gold and Critical Minerals used in new technologies.
Fortune also owns the Sue-Dianne Copper-Silver-Gold satellite deposit, located 25 km north of NICO and is a potential future source of incremental feed to extend the life of the NICO mill.
The OCMX™ is pleased to announce the listing of Fortune Minerals Limited to its online portal which offers Investors and Advisors the ability to learn more about this exciting opportunity.
The OCMX™ has spent considerable time completing its due diligence on Fortune Minerals Limited and concluded that there is indeed a tremendous potential for this opportunity.
The OCMX™ noted that Fortune Minerals Limited exhibits the main components of any solid opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
• The NICO Deposit contains more than one million ounces of gold with significant potential to expand the Mineral Reserves with work programs.
• The NICO Project is one of the few advanced development stage cobalt assets globally, needed to meet the increasing demand for cobalt in electric vehicles and mitigate supply chain production concerns in counties with political instability and policy risks.
• Cobalt and bismuth are Critical Minerals and the U.S. Government and Canada have announced a Joint Action Plan to encourage more North American production of these minerals.
• Fortune has completed confidentiality agreements with potential strategic partners to help develop the NICO Project.
Robin Goad, M.SC., P.Geo., President and CEO, Director, is a Professional Geologist with more than 40 years of Canadian & International mining & exploration experience, including significant experience working in Canada’s Northwest Territories.
Mahendra Naik, B.Comm, CA, CPA, Chairman is a Chartered Accountant and President and CEO of FinSec Services Inc. He is a founding director and former CFO of IamGold Corporation.
Glen Koropchuk, M.Sc., Director is a mining engineer with 30 years of global mine operations and project experience with Anglo American. He is the former COO of De Beers Canada and led construction and commissioning of the Gahcho Kue diamond mine in the Northwest Territories.
Dave Massola, B.Sc. (Acc) is a Consultant and accountant with 30 years of international mine finance experience who was previously CFO of BHP-Billiton Diamonds, De Beers Canada and Globestar.
Patricia Penney, CFO is a Chartered Accountant with 20 years of accounting and audit experience. Prior to Fortune, she was a Senior Manager with Caceis Canada Ltd., an alternative fund administrator.
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Toronto, Ontario, M5J 2S1
Email: [email protected]
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