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Fortune Minerals announces appointment of PWC as Financial Advisor to arrange NICO project financing
Fortune Minerals announces appointment of PWC as Financial Advisor to arrange NICO project...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\nFortune Minerals announces appointment of PWC as Financial Advisor to arrange NICO project financing\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\n\n\n\n\n\n\nCanada NewsWire\nLONDON, ON, Jan. 18, 2017\n\n\n\nLithium-ion battery demand for cobalt and supply chain concerns contribute to favorable financing environment \n\nIssued Capital: 270,899,007\n\n\n\nLONDON, ON, Jan. 18, 2017 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. (\"PwCCF\") as the Company's Financial Advisor to help secure financing for construction of the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. PwCCF has a global network of more than 2,500 professionals across 60 countries to provide in-depth execution and expertise in cross border transactions and provide Fortune with the right blend of transaction experience, sector insight and local relationships to drive strategic objectives and create company value. The recent announcement of government funding for a public road to the community of Whati needed for mine operations, and the positive momentum in cobalt and gold markets, will allow the Company to proceed with financing construction of the project. NICO is a vertically integrated development comprised of a proposed mine and mill in the Northwest Territories and hydrometallurgical refinery in Saskatchewan where concentrates from the mine are planned to be processed to value-added metals and chemicals.\n\nLike our news? Click-to-Tweet.\n\nStephen Mullowney, PricewaterhouseCoopers' Managing Director of Corporate Finance commented, \"We are pleased to be working with Fortune to arrange the NICO project financing. NICO is uniquely positioned as a shovel-ready asset to meet the needs of the lithium-ion battery industry as it enters the next phase of commercialization with transformative automobile electrification and stationary storage of power enabling renewable energy in grid base load.\" \n\nRobin Go...