Fortune Minerals Limited (TSX:FT, OTCQX: FTMDF) announced that it has purchased land near Saskatoon on which it plans to build its Saskatchewan Metals Processing Plant for the NICO gold-cobalt-bismuth-copper project.
As quoted in the press release:
Rezoning of the 482 acre property is underway as the Company nears completion of the permitting process in two jurisdictions. NICO is a planned vertically integrated project consisting of an open pit and underground mine and mill in the Northwest Territories and refinery in Saskatchewan where concentrates from the mill will be processed to high value metal products.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|