Fortune Minerals Validates Enhanced Cobalt, Gold & Copper Recovery for NICO Project
Optimization work strengthens the project's role in North America’s clean energy supply chain
Process Optimization Highlights
Fortune Minerals Limited has announced new validation results from process optimization work at its NICO Critical Minerals Project. These results confirm enhanced recovery rates of cobalt, gold, and copper—reinforcing the economic and strategic importance of the project.
- Improved cobalt recovery for use in electric vehicle batteries
- Higher gold recovery to support the project's financial returns
- Increased copper yields adding diversification and scalability
The company collaborated with expert engineering and metallurgy teams to refine flotation circuits and hydrometallurgical treatment systems, ensuring scalability and lower processing costs.
The NICO Project: A Strategic Asset
Located in Canada’s Northwest Territories, the NICO Project is one of the only advanced-stage projects in the West containing a unique combination of cobalt, gold, copper, and bismuth. The project is designed as a vertically integrated operation—from mining through to refining—helping to establish a reliable, domestic critical minerals supply chain.
CEO Commentary
“These results further validate our technical advancements and support the feasibility of the NICO Project as a North American critical minerals hub,” said Robin Goad, President and CEO of Fortune Minerals. “We are confident in our path forward and remain committed to building a resilient supply chain for the energy transition.”
Why It Matters: A Critical Time for Critical Minerals
With cobalt and copper classified as critical minerals by the U.S. and Canadian governments, the NICO Project represents a timely and strategic asset. As global demand for clean energy technologies rises, projects like NICO are crucial to national security, sustainability, and supply chain independence.
In addition to improving project economics, Fortune’s process enhancements help reduce environmental impact and increase operational efficiency—key goals in responsible resource development.
About Fortune Minerals
Fortune Minerals Limited is a Canadian mining and development company advancing the NICO Project—one of the only North American assets containing cobalt, gold, copper, and bismuth. Fortune aims to build a secure and sustainable supply chain for critical materials essential to clean energy, electrification, and advanced manufacturing.
📌 Related Services to Explore
Investor-ready business plans, ESG reports, and feasibility documentation.
👉 How to prepare Investor-ready business ? Project Readiness Consulting services
Modeling, pitch decks, and investor strategy for PE, VC, and DFIs.
📈 Explore CFO Services
Align projects with green finance frameworks and institutional capital.
📘 Explore ESG Advisory