Fortune Minerals says it intends to buy a closed steel processing plant in Alberta and convert the brownfield site into a hydrometallurgical cobalt refinery, Kallanish reports.
The Ontario-based company says it has signed an option agreement with JFSL Field Services to purchase its former steel fabrication plant in Lamont County northeast of Edmonton, Alberta, for CAD 5.5 million ($4.35m). Fortune says the purchase will significantly reduce the cost of developing …
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