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Fortune Minerals Reports All-Season Road Milestone
Fortune Minerals Reports All-Season Road Milestone Canada NewsWire LONDON, ON, S...

About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\nFortune Minerals Reports All-Season Road Milestone\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, Sept. 19, 2017\n\n\n\nCritical Enabler for NICO Mine Operations Advancing to RFP Stage   \n\nIssued Capital:  302,085,257\n\n\n\nLONDON, ON, Sept. 19, 2017 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) reports that the Government of the Northwest Territories (\"GNWT\") has recently announced completion of another milestone toward construction of the Tlicho All-Season Road (\"TASR\") to the community of Whati. GNWT Minister of Finance, Robert C. McLeod, stated in March 2017 that, \"Construction of the Tlicho All-Season Road is a priority of the 18th Legislative Assembly. The project is a critical piece of infrastructure that will result in significant benefits for the Tlicho region and facilitate growth for the NWT economy.\" Fortune has already received environmental assessment (\"EA\") approval to construct a spur road from Whati to its proposed NICO mine site as part of its proposed development. All-season road access is required for mine operations to allow metal concentrates to be transported south for processing. \n\nLike our news? Click-to-Tweet.\n\nThe GNWT announced that it has completed the Request for Qualification phase of the proposed Private-Public-Partnership (\"P3\") to design, build, finance, operate and maintain the TASR and has selected three consortiums of large Canadian and International firms to advance to the Request for Proposal (\"RFP\") stage, subject to progress of the EA. Earlier this year, the Canadian, GNWT and Tlicho governments announced conditional approval of federal funding for 25 per cent of the construction costs for the TASR through the P3 Canada Fund (See Fortune's January 12, 2017 News Release). The winning consortium will fund the remaining 75 per cent of the cost of the road and will be repaid with interest over the life of the contract by the GNWT. \n\nFortune's NICO ...