Fortune Minerals: Funding, Investors & Team (Aug 2026)
Fortune is currently focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill in the Northwest Territories that will produce a bulk concentrate for shipment to a refinery that the Company plans to construct in Saskatchewan. The products that will be produced at the refinery include cobalt chemicals used to make high-performance rechargeable batteries, bismuth metals, and chemicals, as well as gold. It was founded in 1988 and is based in London, Ontario, Canada.
Fortune Minerals has raised $9.9M across 4 funding rounds on record, the most recent an undisclosed round of $7.4M announced in May 2026.
That round is above the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.
Fortune Minerals Company Profile and Key Stats
Latest funding round on record: May 2026.
Fortune Minerals Funding Rounds
Fortune Minerals raised $530k in an undisclosed round announced in Mar 2024.
2 months later, an undisclosed round of $920k was announced in May 2024.
7 months later, an undisclosed round of $1.1M was announced in Dec 2024.
1.4 years later, an undisclosed round of $7.4M was announced in May 2026.
Fortune Minerals Founders and Leadership Team
Contact details for the Fortune Minerals team: 1 of 1 has an email address on file.
Start 14-day free trial →Fortune Minerals Funding Compared to Other Natural Resources Startups
Fortune Minerals' latest round of $7.4M is above the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Fortune Minerals in Natural Resources and London
Companies Similar to Fortune Minerals
Errington Metals is a mineral exploration company focused on critical and precious metals projects.
NexGold Mining Corp. is a gold-focused exploration and development company with assets in Canada and is…
Red Metal Resources is a mineral exploration company focusing on acquiring, exploring, and developing…
Caprock Mining is a mineral exploration and mining company that primarily explores gold and other minerals…
Rathdowney is focused on Project Olza, an advanced stage zinc-lead-silver project located in the Upper…
Denarius Metals is a company that is involved in acquiring, exploring, developing, and eventually operating…
Generation Mining is a company primarily involved in developing zinc and molybdenum projects in Canada. It…
Canstar Resources is a Canadian mineral exploration and development company led by a professional, highly…
NOA Lithium Brines is a lithium exploration and development firm founded to purchase assets with high…
Surface Metals is known for their work in exploring, developing, and extracting lithium and valuable metals.
1911 Gold Corp is a gold producer which represents the next generation of exploration and production of…
F4 Uranium is a mineral exploration company that focuses on discovering and developing uranium resources. The…
Fortune Minerals Funding FAQs
What does Fortune Minerals do?
Fortune is currently focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill in the Northwest Territories that will produce a bulk concentrate for shipment to a refinery that the Company plans to construct in Saskatchewan. The products that will be produced at the refinery include cobalt chemicals used to make high-performance rechargeable batteries, bismuth metals, and chemicals, as well as gold. It was founded in 1988 and is based in London, Ontario, Canada.
How much funding has Fortune Minerals raised?
Fortune Minerals has raised $9.9M across 4 rounds on record. The most recent is an undisclosed round of $7.4M announced in May 2026.
When did Fortune Minerals last raise funding?
Fortune Minerals' most recent funding round on record is an undisclosed round of $7.4M, announced in May 2026.
Who founded Fortune Minerals?
FundedIQ lists Robin Goad (Founder) at Fortune Minerals.
Where is Fortune Minerals headquartered?
Fortune Minerals is based in London, Ontario, Canada.
How many employees does Fortune Minerals have?
Fortune Minerals is in the 11-50 employee band.
How does Fortune Minerals' funding compare to other Natural Resources startups?
Fortune Minerals' latest round of $7.4M is above the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.
About FundedIQ's Fortune Minerals Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Fortune Minerals is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.