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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd
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Post by Allmanon Jan 27, 2023 6:17am
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Post# 35249592

Biden admin issues 20-year mining ban as it turns to foreign

Biden admin issues 20-year mining ban as it turns to foreignThe Biden administration on Thursday announced that it would complete a 20-year withdrawal of 225,504 acres in a northern Minnesota forest area that is home to some of the largest domestic critical mineral reserves. ...
Last year, the DOI canceled two mineral leases held by the firm Twin Metals Minnesota, which had been located in the Superior National Forest located outside the Boundary Waters Canoe Area Wilderness. As a result of that decision and the action Thursday, domestic mining companies will effectively be banned from operating in the region for the foreseeable future and the forest's vast critical mineral resources will be left untapped.
However, Twin Metals' mining project contained about 88% of the nation's cobalt reserves in addition to vast copper, nickel and platinum-group elements.

https://news.yahoo.com/biden-admin-issues-20-mining-225350810.html

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