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New road to aid transport of mine assets

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NWT

Fortune Minerals plans to construct a 50-kilometre spur road from Whatì to their NICO Cobalt-Gold-Bismuth-Copper mine site. Once built, metal concentrates can be trucked to the railway at Enterprise or Hay River for delivery to Fortune’s planned refinery in southern Canada. 

The NICO Project, approximately 50 kilometres northeast of Whatì, is one of the most advanced cobalt development assets outside of the Democratic Republic of the Congo to meet the growing demand in lithium-ion batteries powering electric vehicles, portable electronics and stationary storage cells. 

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