Click on the blue article title to read full story.


Cobalt & Bismuth
Bloomberg • April 28, 2026 • 8:32 AM
... (Bloomberg) -- The US and Europe need to move quickly on concrete projects that diversify military supply chains away from an ...
Argus Media • April 29, 2026 • 2:01 PM
China's major battery materials producer Huayou will place half of its mixed hydroxide precipitate (MHP) capacity at its Indonesian subsidiary, Huafei Nickel Cobalt, into temporary care and maintenance from 1 May, citing elevated sulphur costs and prolonged high operating rates a

China's major battery materials producer Huayou will place half of its mixed hydroxide precipitate (MHP) capacity at its Indonesian subsidiary, Huafei Nickel Cobalt, into temporary care and maintenance from 1 May, citing elevated sulphur costs and prolonged high operating rates at the facilities, the company said on 28 April…The move is described as a short-term response to elevated input costs and deferred maintenance requirements following sustained high utilisation…Sulphur prices have risen significantly because of the ongoing US-Iran war, as nearly half of global seaborne sulphur trade transits the strait of Hormuz…Sulphur is now estimated to account for 35-40pc of high pressure acid leaching (HPAL) operating costs, up from a more typical 25pc

Fortune Minerals News
Business Wire • April 29, 2026 • 2:01 PM
Responding to programs to support critical mineral supply chain resilience and security

LONDON, Ontario--(BUSINESS WIRE)--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has recently submitted applications to two government agencies with programs supporting domestic critical minerals development and supply chain diversification. Fortune and the Tłıchǫ Government are forming a joint venture for the development of an access road to the Company’s NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories (“NWT”), and have applied to the Critical Minerals Infrastructure Fund ("CMIF") for up to $50 million of support to construct this spur road. Fortune has also responded to a U.S. Department of War (“DoW”) Defense Industrial Base Consortium (“DIBC”) Request for Project Proposals to address a gap in domestic bismuth production. NICO is the largest deposit of bismuth in the world with approximately 12% of global reserves and the Company’s planned hydrometallurgical facility in Alberta will produce 99.99% pure bismuth ingot and oxide products. The hydrometallurgical facility will also produce cobalt and copper critical mineral products as well as gold as a countercyclical co-product. If the government program applications are successful, there is good potential to materially reduce the capital requirements for the planned vertically integrated NICO development…Fortune’s NICO cobalt-gold-bismuth-copper project (the “NICO Project”) is an advanced critical minerals development asset comprised of a planned open pit and underground mine and concentrator in the NWT and a dedicated hydrometallurgical facility in Alberta (the “Alberta Refinery”) where concentrates from the mine, and other feed sources, will be processed into value-added products. Development of the NICO Project would provide a vertically integrated North American supply of battery-grade cobalt sulphate, bismuth ingots and copper cement to provide a reliable domestic vertically integrated supply of three critical minerals with more than one million ounces of in-situ gold as a highly liquid and countercyclical co-product.

Tłı̨chǫ̨ Government • April 29, 2026 • 2:02 PM
Tłı̨chǫ Government Announces Joint Venture with Fortune Minerals Ltd.

The Tłı̨chǫ̨ Government is pleased to announce its intention to form a joint venture with Fortune Minerals Limited to advance the development of a proposed access road for the NICO critical minerals project…The proposed joint venture is an important first step toward meaningful Tłı̨chǫ participation in this, and other critical minerals projects,” said Grand Chief Jackson Lafferty. “By working collaboratively with Fortune and seeking federal support, we are advancing infrastructure that has the potential to deliver lasting benefits for Tłı̨chǫ Citizens and the broader region.” 

For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com. DISCLAIMER Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.
© 2025 Meltwater. All Rights Reserved.

To unsubscribe from this newsletter Click Here