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Rural Municipality of Corman Park rejects plant site rezoning
Rural Municipality of Corman Park rejects plant site rezoning Canada NewsWire LO...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\nRural Municipality of Corman Park rejects plant site rezoning\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, March 26, 2019\n\n\n\nFortune Minerals is evaluating its options with the Saskatchewan Government and has identified several alternative sites for its hydrometallurgical plant in other jurisdictions\n Issued Capital: 347,303,220 \n LONDON, ON, March 26, 2019 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) reports that the Rural Municipality of Corman Park (\"Corman Park\") has rejected the Company's application to change the zoning of its lands near the town of Langham, Saskatchewan from \"Agriculture\" to \"M2 Rural Industrial\". The rezoning is required to construct and operate a hydrometallurgical facility to process metal concentrates from the Company's planned NICO Cobalt-Gold-Bismuth-Copper mine in the Northwest Territories to cobalt battery materials, gold, and bismuth for the growing green economy. \nFortune owns 478 acres in Corman Park through a wholly-owned subsidiary. These lands were identified in consultation with the Saskatchewan Ministry of Economy and the Saskatoon Regional Economic Development Authority who encouraged the Company to locate the refinery in Saskatchewan. Fortune received environmental assessment approval from the Saskatchewan Ministry of Environment in 2014, which concluded that, \"The proposal was assessed to be both environmentally and technically sound, providing both environmental safeguards and outlining company plans to ensure Saskatchewan's air, water, and natural resources are protected throughout the duration of the project and after.\" The Saskatchewan Government continues to support the project.\nFortune is considering its options with respect to its lands in Corman Park. Over the past several months, the Company has also been working on alternate plans in the event of a negative zoning change decision. These include identification of other sites in Saskatc...