reports
Fortune Minerals Provides an Update of NICO Project Test Work, Rio Tin...
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () is pleased to provide an update of ongoing work on the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada (“NICO Project”). The NICO Project is comprised of a planned mine and concentrator in the Northwest Territories (“NWT”) and a hydrometallurgical processing facility in Lamont County, Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products needed for the energy transition, new technolog...
- Ben Pirie
- Nicholas Cortellucci
- CFA
Q4/24 Recap: All Our Research in One Place!
Quarterly Coverage Update As we close out the year, we are pleased to release our Q4/24 recap report, showcasing all the research content we have published over the past three months. This quarter, we introduced short-form company overviews, sharing them across our new TikTok page as well as LinkedIn, YouTube, and X (Twitter) to provide a brief introduction to some of our covered companies. We also proudly hosted Atrium Research’s inaugural Mining Investor Event, which brought together clients,...
- Ben Pirie
- Nicholas Cortellucci
- CFA
Q3/24 Recap: All Our Research in One Place!
Quarterly Coverage Update As we enter the final quarter of the year, we are excited to release our quarterly recap report to update our readers on all the research content we have published in the last three months. This quarter included substantial momentum across several sectors, with strong performance from the companies we cover. Omai Gold Mines (+55%) led the way, followed by Allegiant Gold (+27%), Moon River Moly (+11%), and BQE Water (+10%). This quarter has been our most active yet, ma...
Fortune Minerals Retains Worley to Update the NICO Project Feasibility...
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () is pleased to announce that it has retained Worley Canada Services Ltd. (“Worley”) to conduct additional engineering and lead the preparation of an updated Feasibility Study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada (“NICO Project”). The NICO Project is an advanced Critical Minerals development comprised of a planned mine and concentrator in the Northwest Territories (“NWT”) and a hydrometallurgical recovery plant in Lamont County, Alberta (“Hydrometallurgical Fa...
- Nicholas Cortellucci
- CFA
KNR: Trading at Cash with Proven Private Market Value
What you need to know: • Kontrol Technologies recently completed the sale of two subsidiaries for over $24M, allowing it to pay off all of its debt and reach a net cash position of $11.5M. KNR plans to reinvest the proceeds into organic growth, tuck-in acquisitions and stock buybacks. • KNR operates in two secular growth markets, smart building technology and HVAC services, providing a backing for future organic growth. • Given its large cash balance, KNR trades at only 0.5x 2025E EBITDA Kontro...
Fortune Minerals Completes New Option Agreement to Acquire the JFSL Al...
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () is pleased to announce that it has entered into a new option agreement with JFSL Field Services ULC (“JFSL”) to purchase the brownfield industrial site in Lamont County, Alberta where it plans to construct its hydrometallurgical refinery (“Alberta Refinery”). The Alberta Refinery would process metal concentrates from Fortune’s planned NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories (“NWT”) (collectively, the “NICO Project”) and provide a reliab...
Foran Announces Upsize to Previously Announced Private Placements to C...
Foran Announces Upsize to Previously Announced Private Placements to C$360M NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES All amounts are in Canadian dollars unless stated otherwise VANCOUVER, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce that in connection with the proposed brokered private placement announced on July 15, 2024, the Company has entered into an amending agreement with Eight Capital, as co-lead agent and joint bookrunner with BM...
Foran Announces Strategic Investments by Fairfax Financial, Agnico Eag...
Foran Announces Strategic Investments by Fairfax Financial, Agnico Eagle and other Cornerstone Investors, Formal Construction Decision for Phase 1 at McIlvenna Bay and Advances Planning for Phase 2 Strategic Investment by Cornerstone Investors supports McIlvenna Bay’s Development and Future Upside Opportunities Project Finance Credit Facility to be Expanded to US$250 Million Board of Directors Formally Approves Construction, led by G Mining Services, with Commercial Production Expected in H1 2026 Initial Tesla Exploration Target of 28-45Mt at 2.2-3.2% CuEq Highlig...
Alberta Refinery Site Option for NICO Project Has Expired
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () announces that the option to purchase the JFSL Field Services ULC (“JFSL”) brownfield industrial site in Lamont County, Alberta could not be completed before the expiry of the option on June 30, 2024. Both, Fortune and JFSL remain willing and able to complete a different transaction that would enable the Company to complete the purchase under a new arrangement as soon as possible. Fortune will provide an update on this plan when its discussions with JFSL have been concluded. A...
Fortune Minerals Announces Results of Annual Meeting of Shareholders
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () reports that the nominees listed in the management information circular for the 2024 Annual Meeting of Shareholders held on June 25, 2024 (the “Meeting”) were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below: Nominee Votes For % For Votes Withheld % Withheld Robin E. Goad 131,382,847 99.39% 806,875 0.61% Glen Koropchuk 128,779,281 97.42% ...
Fortune Minerals Announces Government of Canada Funding for the NICO C...
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company’s 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (“NICO Project”). The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling approximately C$10 million through the Global Partnerships Initiative (...
Fortune Minerals Announces U.S. Government Funding to Accelerate the N...
LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) () is pleased to announce that the United States Department of Defense (“DoD”) has awarded the Company a US$6,380,555 (~C$8.74 million) grant under the Defense Production Act (“DPA”) Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (“NICO Project”) towa...
Foran Announces Size of Previously Announced Brokered Private Placemen...
Foran Announces Size of Previously Announced Brokered Private Placement of C$200 Million /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce that in connection with the previously announced private placement on November 27, 2023 (the “Offering”), the Company together with BMO Capital Markets as sole bookrunner and co-lead agent together with Eight Capital and National Bank Financial as co-lea...
Foran Announces C$200 Million Brokered Private Placement
Foran Announces C$200 Million Brokered Private Placement /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce that it has entered into an agreement with BMO Capital Markets as sole bookrunner and co-lead agent together with Eight Capital and National Bank Financial as co-lead agents, on behalf of a syndicate of agents (together the “Agents”) pursuant to which the Company has launched a propose...
Fortune Minerals Limited: 4 directors
Four Directors at Fortune Minerals Limited bought 6,500,000 shares at 0.010CAD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Foran Announces Upsize to Previously Announced Brokered Private Placem...
Foran Announces Upsize to Previously Announced Brokered Private Placement to C$100 Million /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, March 15, 2023 (GLOBE NEWSWIRE) -- Foran Mining Corp. (TSXV: FOM) (OTCQX: FMCXF) (“Foran” or the “Company") is pleased to announce that in connection with the proposed private placement (the “Offering”) announced on March 13, 2023 and March 14, 2023, the Company has entered into an amending agreement with Eight Capital, Goldman Sachs Canada Inc., and PI Financial Corp., as co-lead age...
Foran Announces Co-Lead Agent Addition to Proposed Private Placement
Foran Announces Co-Lead Agent Addition to Proposed Private Placement /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, March 14, 2023 (GLOBE NEWSWIRE) -- Foran Mining Corp. (TSXV: FOM) (OTCQX: FMCXF) (“Foran” or the “Company") is pleased to announce Goldman Sachs Canada Inc. (“Goldman Sachs”) has been added as a co-lead agent and joint bookrunner to the Company’s recently announced proposed private placement (the "Offering") for aggregate gross proceeds of up to C$75,000,540 (see March 13, 2023 press release). Goldman Sach...
Foran Announces C$75 Million Brokered Private Placement
Foran Announces C$75 Million Brokered Private Placement /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) -- Foran Mining Corp. (TSXV: FOM) (OTCQX: FMCXF) (“Foran” or the “Company") is pleased to announce that it has entered into an agreement with Eight Capital and PI Financial Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents (together the “Agents”) pursuant to which the Company has launched a proposed private placement (the “Offering”) for aggregate gross p...
Resaas Services Inc: 1 director
A director at Resaas Services Inc bought 100,000 shares at 0.500CAD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Foran Mining Corporation: 1 director
A director at Foran Mining Corporation maiden bought 30,000 shares at 2.320CAD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
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