Fortune Minerals has announced plans to build a refinery in Alberta’s industrial heartland, northeast of Edmonton, with access to CN Rail. It plans to purchase a steel fabrication plant and 77 acres of land from JFSL Field Services for $5.5 million.
The refinery will process cobalt, gold, bismuth and copper, from the NICO project near Whatì. The mine is expected to employ 250 people, and the refinery an additional 100.
The entire project, including the refinery, is expected to cost $750 million.