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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Comment by geolithon Dec 29, 2022 4:49pm
117 Views
Post# 35196036

RE:RE:Shift the focus of EV strategy to critical minerals

RE:RE:Shift the focus of EV strategy to critical mineralsThere are many other micromanagement steps involved. Fortune has to refill its Final Abandonment and Restoration Plan, replacing its Interim Abandonment and Restoration Plan for approval. They also have Waste Disposal Plans, Hydrocarbon Contaminated Soil Plans, Groundwater and Water Management Plans, Wildlife Management Plans, Fart Management Plans, and basically anything you can think of Plans (im kidding on that last one, but replace that with Emission Management). At issue is that the regulatory system requires great details on everything and anything you can think of. Rather than say, operate according to existing laws, the Management Boards want details on how you will comply with the laws. On paper it sound good, but in practice it creates an arbitrary system that can withhold approval of Plans based upon a bureaucratic decision. And that can and do stop development.
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