https://www.miningweekly.com
Copper|Fabrication|Gold|Industrial|Refinery|Services|Steel
Copper|Fabrication|Gold|Industrial|Refinery|Services|Steel
copper|fabrication|gold|industrial|refinery|services|steel

Fortune extends purchase option for Nico refinery site

15th July 2022

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed Fortune Minerals has secured a two-month extension to the option period to purchase the JFSL Field Services brownfield site, in Alberta, where it plans to construct the Nico hydrometallurgical refinery.

Fortune can acquire the JFSL site and facilities for C$5.5-million before the end of September by paying C$15 000 a month to extend the option.

The JFSL site, a former steel fabrication plant, is in Alberta’s Industrial Heartland northeast of Edmonton, a consortium of five municipalities with the planning approvals already in place to attract heavy industry. Serviced shops and buildings are adjacent to the Canadian National Railway. It is also situated close to sources of reagents and a commutable pool of engineers and skilled chemical plant workers.

The Nico refinery will process metal concentrates from the planned Nico cobalt/gold/bismuth/copper mine and concentrator in the Northwest Territories, enabling Fortune to become a vertically integrated producer of cobalt sulphate needed to make the cathodes of lithium-ion batteries. The refinery will also produce bismuth ingots and oxide.

The mineral reserves for the Nico deposit also contain more than one-million ounces of gold, and copper as a minor by-product.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.132 0.169s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: