ProjectCritical mineralsGoes mixed

NICO cobalt-bismuth-copper-gold project and Alberta refinery (Fortune Minerals)

Fortune Minerals' NICO cobalt-gold-bismuth-copper project: a mine in the Northwest Territories and a refinery planned in Alberta. It received a US$6.38 million grant from the US Department of Defense under the Defense Production Act and up to C$7.5 million from Natural Resources Canada (16 May 2024). No offtake agreement has been disclosed.

Status

Proposed

Direction

Mixed: Can go more than one way.

Where

Northwest Territories / Alberta

Owners

• Fortune Minerals as of 27 September 2026

Events

• 16 May 2024US Defense Department grants US$6.38M under the Defense Production Act to Fortune Minerals (NICO project, Northwest Territories and Alberta); Natural Resources Canada adds up to C$7.5MActionFinancingUnited States / Canada4 sources