Fortune Minerals Gets Northwest Territories Water License and Land Use Permit Renewals For NICO Mine

01:31 PM EDT, 09/18/2026 (MT Newswires) -- Fortune Minerals (FT.TO) received an approval from the Minister of Environment and Climate Change for the Northwest Territories Jay McDonald, for its Class A Water License renewal for the NICO mine and concentrator, it said in a statement on Friday. The draft terms recommended by the Wek'eezhii Land and Water Board (WLWB) were accepted by the minister. The WLWB issued the Type A Land Use Permit, Fortune Minerals said. After financing is obtained, the NICO site will be connected to the territory's highway system by the NICO project access road that currently ends at the community of Whati, 50 km south of the mine, Fortune Minerals said. The company is in the final stages of preparating an updated feasibility study for the vertically integrated NICO project. Shares of the company were last seen up 3.6% at CA$0.145 on the Toronto Stock Exchange.