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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 Nov 02, 2023 9:09am
95 Views
Post# 35713085

RE:Backgrounder: $1.5 Billion Infrastructure Fund

RE:Backgrounder: $1.5 Billion Infrastructure FundThe proposed hydromet facility is designed to treat Nico concentrates, which are not unique in the world.  Having this is like having an oil refinery.  It is designed for a soource of feed, but not exclusive to that feed.

Nico's hydromet plant could treat concentrates from around the world.  With some front-end adaptions, it could recover metals from recycled materials, electronic wastes, etc.  The hydromet plant will outlive Nico many times over and will ultimately be the crown jewel.
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