NICO Project Alberta Refinery Process Pilot Plant

Canada’s path towards meeting its net zero emissions commitments is driving demand for energy storage, and critical minerals for batteries. Critical mineral supply risks include geographic concentration of critical minerals in politically unstable regions and limited domestic capacity for refining metal concentrates to manufacturer specifications. Fortune Minerals Limited is developing a vertically integrated mineral recovery project (NICO Project), comprised of a planned mine, mill and concentrator in the Northwest Territories (NWT) and a hydrometallurgical refinery in Alberta's Industrial Heartland to process concentrates. This project will pilot and test Fortune's parallel refining process. End products will be cobalt, copper, bismuth, gold, and a gypsum byproduct