Fortune Minerals Ltd., trading on the OTCMKTS under the symbol FTMDF, is a Canadian resource development company focused on advancing its flagship NICO cobalt-gold-bismuth-copper project in the Northwest Territories. Headquartered in London, Ontario, the company’s primary objective is to bring one of Canada’s first integrated cobalt operations into production, combining on-site mining and milling with off-site hydrometallurgical refining. Fortune Minerals aims to supply critical metals used in batteries, electronics, and other high-growth industrial applications.
The NICO deposit hosts a polymetallic orebody comprising cobalt, copper, gold, and bismuth. Following completion of a feasibility study and progress on regulatory permitting, the project plan envisions an open pit mine feeding a conventional milling circuit designed to produce concentrate for transport to a dedicated refinery. The proposed refinery, to be located in central Canada, would process concentrate into saleable cobalt sulphate, gold doré, copper concentrate, and bismuth ingots. This integrated approach is intended to capture a greater share of the metals’ value chain while leveraging Canada’s stable jurisdiction and infrastructure.
Fortune Minerals has conducted extensive geotechnical, environmental, and community engagement programs in the Tłı̨chǫ and Yellowknives Dene territories, reflecting its commitment to sustainable development and Indigenous partnerships. The company also holds a portfolio of additional exploration properties in Ontario, British Columbia, and Newfoundland and Labrador, targeting gold and base-metal opportunities at various stages of advancement.
Since its early-stage exploration beginnings in the early 2000s, Fortune Minerals has assembled a management team with deep expertise in metallurgical engineering, project finance, and mine operations. Leadership is focused on securing project financing, finalizing detailed engineering, and advancing permitting to achieve construction readiness. The company’s strategic vision is to establish a high-reliability supply of battery and specialty metals in North America as demand for electric vehicles and renewable energy storage continues to grow.
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