March 26, 2024
Fortune Minerals Secures Federal Support for Northwest Territories Initiative and Alberta Refinery
Fueling Canada’s Entry into the Cobalt Market Fortune Minerals, a prominent player in the mining industry, has clinched a significant investment from the federal government to bolster its project in the Northwest Territories and advance its Alberta refinery. This strategic move aims to position Canada directly in the burgeoning market of battery-grade cobalt and other concentrates, marking a departure from the conventional practice of shipping concentrates overseas for value-added processing. Government Backing From the CMRDD Program The financial backing for this endeavor stems from the Critical Minerals Research, Development, and Demonstration (CMRDD) program. This initiative is designed to propel the
