The companies want to enter into an exploration agreement with an option to form a joint venture on the Garfield Flats project.
BISMUTH Mining News
This is the second deal the Chilean miner signs with Vancouver-based Evrim Resource.
This scarce industrial metal has characteristics similar to lead, but is non-toxic.
The two used to be joined at the hip, but now one or the other has lost touch with reality.
The company is currently waiting for its Land Use Permit and Class A Water License from the Wek'èezhìi Land and Water Board of the Northwest Territories.
The rare earth storm has passed, but a new critical metal conundrum could be ahead for the West.
Car maker Tesla prefers suppliers in North America for its $5 billion lithium-ion battery "gigafactory" in the southwest US which could provide a boost for Fortune Minerals proposed refinery near Saskatoon .
If all goes as planned, junior miner Fortune Minerals will operate three projects in Canada in the foreseeable future.
The company jumped nearly 18% to trade at 43 cents per share on the Toronto exchange on Tuesday.
China's first precious metals spot exchange began trading Tuesday in Chengzhou in Hunan Province. The Hunan South Rare Precious Metals Exchange is based in China's silver capital in Yongxing County. Its first four products to be listed are silver, bismuth, indium and tellurium.