Fortune Minerals Announces Permitting Underway for Public Highway to Whati

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[{"type":"text","content":"\n\n\n\nFortune Minerals Announces Permitting Underway for Public Highway to Whati\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\nFortune Minerals Announces Permitting Underway for Public Highway to Whati\nCanada NewsWire\nLONDON, ON, April 11, 2016\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/\n\nTesla validates EV demand while Fortune completes second tranche of private placement \n\nIssued Capital: 255,649,007 (including shares issued pursuant to private placement below)\n\n\n\nLONDON, ON, April 11, 2016 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) is pleased to announce that the Government of the Northwest Territories (\"GNWT\"), Department of Transportation has submitted the requisite permit applications to the Wek'èezhìi Land and Water Board, to build a public highway to the community of Whati. The application package was developed by the GNWT, with the support of the Tlicho Government for this 94-kilometre all-season road which would follow a former all-land winter road route to significantly reduce construction costs. Whati is 50 km south of Fortune's proposed NICO gold-cobalt-bismuth-copper development that has already received its environmental assessment approval for a mine and concentrator, and a spur road from the public highway to the mine. \n\nLike our news? Click-to-Tweet\n\nKey Highlights\n\n\nPublic highway to the community of Whati advancing \nTesla Motors announced 325,000 pre-production orders for its Model 3 car validating electric vehicle growth and positively impacting cobalt demand \nDiscussions for off-take and NICO project financing ongoing \nFortune completes second tranche of $1 million private placement\n\nRobin Goad, Fortune's President and CEO commented, \"Our Company has been working with the GNWT and Tlicho government for many years to advance construction of a public highway to the community of Whati near the NICO development. With construction of this road, Whati ...

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