Fortune Minerals Advances NICO Project Environmental Work and Rezoning Required for Construction

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[{"type":"text","content":"\n\n\n\nFortune Minerals Advances NICO Project Environmental Work and Rezoning Required for Construction\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, ON, July 11, 2018\n\n\n\n\n Canadian primary cobalt asset positioned for near-term development \n\nIssued Capital: 338,603,220\n\n\n\nLONDON, ON, July 11, 2018 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) is pleased to provide an update on the progress of environmental work and rezoning efforts needed to support construction of the NICO Cobalt-Gold-Bismuth-Copper Project in Canada (\"NICO Project\"). The 100% owned NICO Project is a development stage primary cobalt asset consisting of a planned mine, mill and concentrator in the Northwest Territories (\"NWT\") and hydrometallurgical refinery in Saskatchewan to process concentrates from the mine to cobalt sulphate, gold, bismuth and copper. Environmental work to support the water license issued by the Wek'èezhìi Land and Water Board (\"WLWB\") is being carried out for the NWT site. The Company is also advancing the rezoning of lands it owns near Langham, Saskatchewan to enable construction of the hydrometallurgical refinery. Fortune has already received its Environmental Assessment (\"EA\") approvals for both the NWT and Saskatchewan sites and is working to secure Project Financing.\n\nLike our news? Click-to-Tweet.\n\nMine Site Northwest Territories:\n\nThe Wek'èezhìi Land and Water Board issued a Land Use Permit and approved the Type A Water License required to construct and operate the NICO Project mine and concentrator in 2014.  \n\nIn 2017, with the assistance of Tlicho residents from the community of Whati, Fortune completed the study design outlined in the Supplemental Baseline Monitoring Plan that is a requirement of the water license. This work included additional studies on hydrology, water quality, benthic invertebrates, sediment chemistry, fish popula...

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