Fortune Minerals to acquire the Alberta Refinery site

Oct. 03, 2022 10:38 AM ETFortune Minerals Limited (FTMDF), FT:CABy: Manshi Mamtora, CFA
  • Fortune Minerals (OTCQB:FTMDFhas secured an additional extension to the option to purchase the JFSL Field Services brownfield site in Lamont County, Alberta. 
  • Company plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project.
  • Company can acquire the JFSL site and facilities for C$5.5M.
  • The term of the option has now been extended in monthly increments by Fortune paying JFSL C$15,000 per month up to December 31, 2022. 

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