Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada’s first primary cobalt mine, said this week that its NICO project will greatly benefit from the about-to-be-open Tlicho all-season road, linking the community of Whati to the national highway system.
The Tlicho Highway is a 97-kilometre, two-lane gravel all-season road to Whati constructed by North Star Infrastructure under a 28-year, $400-million design-build-operate-maintain contract with the Government of the Northwest Territories. The capital costs include up to $53 million in federal government contributions through the Canada Infrastructure Fund.