10 November 2025
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has entered into a binding offer letter (the “Agreement”) for a loan with a principal amount of C$3.8 million from Prosper NWT, a public agency of the Government of the Northwest Territories (“GNWT”) established to support the economic objectives of the GNWT in a manner that benefits the people and economy of the Northwest Territories (“NWT”). The loan will enable Fortune to complete the purchase of the Lamont County, Alberta site (the “Refinery Site”) and existing facilities from JFSL Field Services LLC (“JFSL”) where the Company plans to construct a hydrometallurgical facility to process concentrates from the NICO cobalt-gold-bismuth-copper mine in the NWT, and make value-added critical mineral products for the energy transition, new technologies and defense.