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By Shane Lasley
Metal Tech News 

Fortunate locale for Nico cobalt refinery

Alberta's Industrial Heartland provides multiple advantages Metal Tech News – January 26, 2022


Last updated 7/12/2022 at 1:50pm

Nico cobalt refinery Fortune Minerals Northwest Territories battery metals

Fortune Minerals Ltd.

Fortune Minerals has entered into an agreement to acquire this steel fabrication plant in Alberta, which it plans to repurpose as a refinery to process concentrates from its Nico cobalt-gold-bismuth-copper project in Northwest Territories.

Alberta has been chosen as the best locale to develop a critical minerals refinery that would process concentrates from Fortune Minerals Ltd.'s planned Nico cobalt-gold-bismuth-copper mine in Canada's Northwest Territories.

A mine at Nico and an associated hydrometallurgical refinery in a Canadian province would produce an average of 1,800 metric tons of battery-grade cobalt sulfate; 1,700 metr...

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