# Fortune Minerals Completes Cobalt Sulphate Test Work Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd Original source: https://money.tmx.com/en/quote/FT/news/7987781224274140/fortune-minerals-completes-cobalt-sulphate-test-work Publisher: tmx Original announcement: 2026-01-21T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Fortune Minerals Limited - Ticker: FT - Exchange: TSX - Region: Northwest Territories - Primary commodity: Cobalt - Secondary commodities: Copper, Gold, Bismuth - Document categories: Metallurgy - Extracted: 2026-08-25 10:39:58 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Fortune Minerals has successfully validated an optimized hydrometallurgical flowsheet for its NICO Project, producing battery-grade cobalt sulphate heptahydrate. The new process demonstrates improved recoveries for cobalt \(97% vs 95%\), copper \(74% vs 70%\), and gold \(97-98% vs 95%\) compared to previous pilot plant work. Reasoning: Successful validation of an optimized hydrometallurgical flowsheet showing improved cobalt, copper, and gold recoveries compared to 2008 pilot plant results, with high-purity product meeting battery specifications. - Positive factor: improved metal recoveries vs historical pilot plant - Positive factor: successful production of battery grade cobalt sulphate - Positive factor: simplified flowsheet potential for lower CAPEX/OPEX - Positive factor: effective arsenic removal capability Facts used in scoring: 5 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Cobalt recovery of 97% is exceptional for hydrometallurgical processing. Evidence · text > achieved extractions of 97% for cobalt **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The process involves an autoclave and hydrometallurgical flowsheet. Evidence · text > optimized hydrometallurgical flowsheet ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Metallurgical Results (5) ### autoclave processing [Link to this fact](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd#fact-metallurgical-facts-0) cobalt #### Identity - Commodity: cobalt - Ticker: FT #### Test Work - Program Status: detailed - Test Type: autoclave processing - Processing Route: hydrometallurgical flowsheet - Sample: design feed grade concentrate #### Recovery - Recovery: 97 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-21T00:00:00.000Z Reasoning: 97% recovery is an improvement over the 95% reported in the 2008 pilot plant. - Positive factor: improvement over 2008 pilot plant Evidence · text > achieved extractions of 97% for cobalt ### autoclave processing [Link to this fact](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd#fact-metallurgical-facts-1) copper #### Identity - Commodity: copper - Ticker: FT #### Test Work - Program Status: detailed - Test Type: autoclave processing - Processing Route: hydrometallurgical flowsheet - Sample: design feed grade concentrate #### Recovery - Recovery: 74 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-21T00:00:00.000Z Reasoning: 74% recovery is an improvement over the 70% reported in the 2008 pilot plant. - Positive factor: improvement over 2008 pilot plant Evidence · text > and 74% for copper at the design feed grade ### autoclave processing [Link to this fact](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd#fact-metallurgical-facts-2) gold #### Identity - Commodity: gold - Ticker: FT #### Test Work - Program Status: detailed - Test Type: autoclave processing - Processing Route: hydrometallurgical flowsheet - Sample: blended cobalt concentrate and bismuth leach residues #### Recovery - Recovery: 97.5 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-21T00:00:00.000Z Reasoning: Gold recoveries of 97-98% represent an improvement over the 95% in the 2008 pilot plant. - Positive factor: improvement over 2008 pilot plant Evidence · text > Gold recoveries in the recent tests were between 97% and 98% ### autoclave processing [Link to this fact](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd#fact-metallurgical-facts-3) cobalt #### Identity - Commodity: cobalt - Ticker: FT #### Test Work - Program Status: detailed - Test Type: autoclave processing - Processing Route: hydrometallurgical flowsheet - Sample: off-specification low-grade cobalt feed #### Recovery - Recovery: 95 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-21T00:00:00.000Z Reasoning: 95% recovery on low-grade feed matches previous pilot plant performance. - Positive factor: confirms earlier pilot plant metal recoveries Evidence · text > Extractions using an off-specification low-grade cobalt feed were 95% for cobalt ### autoclave processing [Link to this fact](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd#fact-metallurgical-facts-4) copper #### Identity - Commodity: copper - Ticker: FT #### Test Work - Program Status: detailed - Test Type: autoclave processing - Processing Route: hydrometallurgical flowsheet - Sample: off-specification low-grade cobalt feed #### Recovery - Recovery: 79 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-21T00:00:00.000Z Reasoning: 79% recovery on low-grade feed is an improvement over the 70% reported in 2008. - Positive factor: improvement over 2008 pilot plant Evidence · text > and 79% for copper, confirming the earlier pilot plant metal recoveries ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.