The NICO Project is a planned reliable, vertically integrated, and Canadian new supplier of cobalt products with supply chain transparency to mitigate concerns over the geographic concentration of production in the DRC and China and associated political and policy risks.
#Nico project findings portable#
The NICO Project is one of the most advanced cobalt development projects in the world outside of the Democratic Republic of Congo (“ DRC”) to meet the growing demand in lithium-ion batteries powering electric vehicles, portable electronics and stationary storage cells. The NICO Project is comprised of a planned mine and concentrator in the NWT and a related hydrometallurgical refinery in southern Canada that will produce cobalt sulphate, gold doré, bismuth ingots and oxide, and a copper cement precipitate. The vast majority of these funds are being used to contract work and services from Yellowknife and Behchoko-based businesses and personnel. An additional $100,000 grant was awarded to Fortune, which together with the previous grant of C$140,000, are being applied to the NICO Project drill program. The Company did not drill the lower priority “Magnetic Anomaly A target” and only one hole was needed to test the Roadcut Zone.įortune is also pleased to report that it was one of the recipients of additional Mining Incentive Program grants to advanced exploration projects from the Government of the NWT and the Canadian Northern Economic Development Agency (CanNor). An additional hole, totalling four, tested for potential extensions to mineralization identified in the Peanut Lake Zone and two holes were drilled to test for extensions of the Ralph zone. A total of six holes (two additional holes) were drilled to test the east end of the NICO deposit where it remains open for potential expansion. Please try again Article contentīased on visual indicators, the recently completed program was modified while in progress to reflect changing priorities. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. Through the RPM activities, Mercy Corps and its partners will explore the extent to which resilience capacities and wellbeing outcomes change over time and probe how resilience stakeholders in the USAID Country Development Cooperation Strategy (CDCS) Focal Zone (comprised of Banadir and most of the Southwest State) may or may not be contributing to this change.A welcome email is on its way.
RPM research activities consist of two intertwined components: 1) a panel survey that will trace a diverse set of livelihood groups over five years, and 2) a recurrent monitoring survey, with alternative periods of qualitative and quantitative data collection.
A five-year USAID-funded project implemented by Mercy Corps in coordination with Agricultural Cooperative Development International/Volunteers in Overseas Cooperative Assistance (ACDI/VOCA), RPM seeks to improve upon current approaches to resilience measurement in order to inform program adaptation and decision-making among implementers, donors, and government representatives. While famine in Somalia has been averted during the first quarter of 2023, 6.5 million people are still in need of humanitarian assistance.1 Throughout the drought, the Somalia Resilience Population Measurement (RPM) Activity has conducted qualitative and quantitative data collection in response to the ongoing drought to better understand if and how households are coping during the crisis.
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