Fortune Minerals, SECURE Waste Disposal Agreement
Analysis based on 8 articles · First reported Apr 08, 2026 · Last updated Apr 08, 2026
The agreement between Fortune Minerals and Secure Energy Services is expected to positively impact both companies by securing waste disposal solutions for the NICO Project, which is crucial for its development. This partnership could lead to increased investor confidence in Fortune Minerals' ability to advance its critical mineral project and expand Secure Energy Services' waste management operations.
Fortune Minerals, through its subsidiary Fortune Minerals Canada — Alberta Inc., has signed a backstop agreement with Secure Energy Services to provide waste disposal solutions for its planned hydrometallurgical facility in Lamont County, Canada — Alberta. This facility is integral to the NICO Project, which aims to process concentrates from Fortune Minerals' mine in the Canada — Northwest Territories to produce critical minerals like Cobalt, Gold, Bismuth, and Copper. Secure Energy Services will investigate injection well site options, pumping and piping infrastructure, and prepare engineering and cost estimates for liquid and solid waste disposal. The companies anticipate entering a definitive agreement for the development and operation of an injection well for 10 years and the disposal of approximately 200,000 metric tonnes per year of process residue solids.
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