Cobalt project developer Fortune Minerals has entered into an option to buy an alternative site to construct the proposed hydrometallurgical refinery that will process metal concentrates from the planned Nico cobalt/gold/bismuth/copper mine, after the rural municipality of Corman Park last month rejected the company’s zoning change application for its lands near Langham, Saskatchewan.
Following the rejection, Fortune entered into discussions with a number of municipalities and reported on Tuesday that it had executed an option agreement for a parcel of lands that had already been planned for industrial use and met infrastructure and services requirements.