West Central Railway zone

Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing

Retrieved on: 
Monday, April 8, 2024
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.
  • Development of the NICO Project would provide a North American supply of three Critical Minerals needed for the energy transition, new technologies, and growing green economy.
  • These will be blended with Fortune test products at SGS Canada Inc. to validate the recovery of the contained metals using the Alberta Refinery metallurgical flow sheet.
  • The JFSL site is an ideal location to construct the Fortune refinery and expand the Edmonton area as a Critical Minerals processing hub in western Canada.

Defense Metals Updates Metallurgical Test Work and Preliminary Feasibility Study Progress for its Wicheeda Rare Earth Elements Project

Retrieved on: 
Tuesday, February 13, 2024
SRK, Engineering, Metallurgy, PFS, Lanthanum oxide, Technical report, Mining, Forest Highway, Biophysical environment, News, McLeod Lake, Defense, SMC, West Central Railway zone, Environmental impact assessment, CAD, REE, SGS, Columbia, Agent handling, Consultant, First Nations, Cerium(IV) oxide, Neodymium(III) oxide, Rare-earth element

The field-based geotechnical, geochemical and environmental test work required for the PFS has been completed and lab-based studies are in progress.

Key Points: 
  • The field-based geotechnical, geochemical and environmental test work required for the PFS has been completed and lab-based studies are in progress.
  • Eleven mixed rare earth precipitate samples from the hydrometallurgical test work have been sent to potential partners, processors or end-users.
  • Over the past 5 years, Defense Metals drilled 58 core holes totalling 12,073 metres (m; ~39,610 feet) to define the Wicheeda Rare Earth Element (REE) deposit and provide samples for metallurgical test work.
  • From 2018 to date, about CAD$5 million has been spent on metallurgical test work and the development of the metallurgical flowsheets for the Wicheeda REE Project.

Minister Wilkinson Announces Federal Investment for Over 1,500 New EV Chargers Across Quebec

Retrieved on: 
Wednesday, August 30, 2023
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Today, the Honourable Jonathan Wilkinson, Canada's Minister of Energy and Natural Resources, concluded a zero-emissions vehicle tour from Montréal to Trois-Rivières and Québec City.

Key Points: 
  • Today, the Honourable Jonathan Wilkinson, Canada's Minister of Energy and Natural Resources, concluded a zero-emissions vehicle tour from Montréal to Trois-Rivières and Québec City.
  • He was joined by representatives from industry to announce nearly $30 million in federal investment to deliver over 1,500 additional EV chargers across Quebec, including over 400 fast chargers.
  • Today, I announced federal investments to deliver over 1,500 new chargers across Quebec, from Rimouski to Gatineau and beyond.
  • The Government of Canada is more than halfway toward the goal of supporting the installation of 84,500 EV chargers by 2027.

ITS Logistics’ Indiana Warehouse Provides Distribution Space within Close Proximity to Midwestern Rail Ramps and Inland Ports

Retrieved on: 
Tuesday, August 8, 2023
LTL, FedEx, West Central Railway zone, Logistics, National Railway, Asset, ITS, Transport, Rail freight transport, Indy

The facility is near the inland ports ( Burns Harbor, Mount Vernon, and Jeffersonville ) and rail ramps of Chicago and Indianapolis.

Key Points: 
  • The facility is near the inland ports ( Burns Harbor, Mount Vernon, and Jeffersonville ) and rail ramps of Chicago and Indianapolis.
  • “The state of Indiana has invested $10 billion over ten years into transportation enhancement plans,” said Ryan Martin, President of Assets for ITS Logistics.
  • “This new facility in Whitestown, Indiana has immediate large-scale availability to provide a strategic location for a Midwest distribution hub.
  • ITS has drayage and intermodal in 22 coastal ports and 30 inland rail ramps with a full suite of asset and asset-lite transportation solutions.

Fortune Minerals Extends Option to Acquire JFSL Alberta Refinery Site for the NICO Critical Minerals Project

Retrieved on: 
Thursday, July 27, 2023
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Fortune plans to construct a hydrometallurgical refinery at this site to process concentrates from the Company’s NICO cobalt-gold-bismuth-copper critical minerals deposit and planned mine and concentrator in the Northwest Territories (“NWT”) (collectively, “the NICO Project”).

Key Points: 
  • Fortune plans to construct a hydrometallurgical refinery at this site to process concentrates from the Company’s NICO cobalt-gold-bismuth-copper critical minerals deposit and planned mine and concentrator in the Northwest Territories (“NWT”) (collectively, “the NICO Project”).
  • These are expected to materially reduce capital and operating costs for the NICO Project.
  • Fortune can maintain the option by paying JFSL C$15,000 per month and can acquire the facilities for C$5.5 million before December 31, 2023.
  • If Fortune exercises the option to purchase the refinery site, the extension payments will be applied against the purchase price.

Fortune Minerals Extends Option to Acquire the Alberta Refinery Site for the NICO Critical Minerals Project

Retrieved on: 
Thursday, December 22, 2022
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Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (“NICO Project”).

Key Points: 
  • Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (“NICO Project”).
  • Pursuant to the option agreement, Fortune can acquire the JFSL site and facilities for C$5.5 million.
  • The term of the option can be extended for up to six months by Fortune paying JFSL C$15,000 per month.
  • The project has also been assessed in positive Feasibility and Front-End Engineering and Design (“FEED”) studies that will be updated to reflect the new refinery site and recent project optimizations.

Fortune Minerals Extends Option to Acquire the Alberta Refinery Site for the NICO Critical Minerals Project

Retrieved on: 
Monday, October 3, 2022
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Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (NICO Project).

Key Points: 
  • Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (NICO Project).
  • Pursuant to the option agreement, Fortune can acquire the JFSL site and facilities for C$5.5 million.
  • The term of the option has now been extended in monthly increments by Fortune paying JFSL C$15,000 per month up to December 31, 2022.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper critical minerals project in the NWT and Alberta.

Fortune Minerals Extends Purchase Option for NICO Refinery Site in Alberta Until the End of September

Retrieved on: 
Thursday, July 14, 2022
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Fortune can acquire the JFSL site and facilities for C$5.5 million before the end of September 2022 by paying C$15,000 per month to extend the option.

Key Points: 
  • Fortune can acquire the JFSL site and facilities for C$5.5 million before the end of September 2022 by paying C$15,000 per month to extend the option.
  • The JFSL facility is a former steel fabrication plant with 42,000 square feet of serviced shops and buildings adjacent to the Canadian National Railway.
  • The project has also been assessed in positive feasibility and front-end engineering and design (FEED) studies that will be updated to reflect the new refinery site.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta.

Fortune Minerals Updates NICO Refinery Site Due-Diligence

Retrieved on: 
Wednesday, June 8, 2022
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to report that due-diligence activities are advancing on the Companys proposed new refinery site location in Lamont County in Albertas Industrial Heartland northeast of Edmonton (see Fortune news release dated January 24, 2022).

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to report that due-diligence activities are advancing on the Companys proposed new refinery site location in Lamont County in Albertas Industrial Heartland northeast of Edmonton (see Fortune news release dated January 24, 2022).
  • Fortune has retained several engineering and environmental consultants to determine the suitability of the JFSL site and facilities to accommodate the planned NICO Project refinery and provide a regulatory roadmap to secure the remaining permits.
  • Fortune has expended more than C$137 million to advance the NICO Project from an in-house discovery to a near-term producer with a minimum 20-year supply of Critical Minerals.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta.

Willow Glen Terminal Accepts Inaugural Shipment in St. Gabriel

Retrieved on: 
Tuesday, May 31, 2022
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Willow Glen Terminal LLC (WGT), in St. Gabriel, Louisiana, today announced receipt of its inaugural product shipment.

Key Points: 
  • Willow Glen Terminal LLC (WGT), in St. Gabriel, Louisiana, today announced receipt of its inaugural product shipment.
  • View the full release here: https://www.businesswire.com/news/home/20220531005356/en/
    Pictured: The first cargo product shipment arrived at Willow Glen Terminal LLC in St. Gabriel on May 26, 2022, officially opening the terminal for business as a multi-modal logistics hub.
  • Willow Glen Terminal LLC (WGT) is a multi-modal logistics hub located in St. Gabriel, Louisiana, on the Mississippi River.
  • WGT was formed and capitalized in August 2020 by Zydeco Holdings LLC (a Yorktown Energy Partners portfolio company) and Willow Glen Ventures LLC.