This Miner's Outlook is Strengthened by Funding for New Northern Road
A recent article in The Globe & Mail highlighted Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF).
A recent article in The Globe & Mail highlighted Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF).
As quoted in the article:
On January 11, 2017, the federal government announced a conditional approval to fund the construction of the Tlicho all-season road to Whati, NWT. We consider this a major development for Fortune Minerals, as Whati is located 50 kilometres south of the company’s NICO project. Fortune will construct a spur road from Whati to the mine site.
The proposed 97-km all-season road will allow Fortune to truck concentrate from Whati to the rail head at Hay River, NWT, and then by rail to the company’s planned hydrometallurgical processing facility in Saskatchewan, named the Saskatchewan Metals Processing Plant (SMPP), for further downstream processing.
We believe the strong fundamentals of cobalt and the uniqueness of NICO as the only known primary cobalt and gold potential producer in North America make Fortune a very compelling story for both mining and technology institutional investors and private equity. The proposed all-season road, we believe, further de-risks and enhances the NICO project’s attractiveness for investors.
Connect with Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) to receive an Investor Presentation.
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