Fortune Minerals Limited

03:33 PM EST - Fortune Minerals Limited : Reports that the Government of the Northwest Territories has signed the agreement with North Star Infrastructure GP to construct the Tlicho All-Season Road to the community of Whati, Northwest Territories. Whati is located 50 kilometres south of Fortune's proposed NICO Cobalt-Gold-Bismuth-Copper mine. As part of its proposed development, Fortune plans to construct a spur road to connect with the Tlicho Road in order to enable concentrates produced from the mine to be transported south for processing to value added products. These include cobalt chemicals needed to manufacture lithium-ion rechargeable batteries to power electric vehicles, portable electronic devices and stationary cells to make electricity use more efficient. Fortune Minerals Limited shares T.FT are trading unchanged at $0.12.