Fortune Minerals’ Nico Mine Gets Approval After EA

Mining Weekly reported that Fortune Minerals has received approval from the Mackenzie Valley review board regarding their Nico gold/cobalt/bismuth/copper mine and mill in the Northwest Territories.

As quoted in the market report:

The board’s Report of Environmental Assessment and Reasons for Decision found that, while the Nico project had the potential to cause significant adverse impacts on the environment, the measures the review board recommended would ensure that no significant adverse impacts resulted from the project development.

To view the whole Mining Weekly report, click here.

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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.

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