While TSX-listed project developer Fortune Minerals has closed the second tranche of a C$1-million financing for general working capital purposes, the transportation department of Northwest Territories government (GNWT) has submitted permit applications to build a public highway to the community of Whati, about 50 km from the company’s Nico gold/cobal/bismuth/copper project.
The GNWT had developed and submitted the required application package, with the support of the Tlicho government, to the Wek’èezhìi Land and Water Board, for a 94 km all-season road that would follow a former all-land winter road route, in order to significantly reduce construction costs.
