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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Limited. > Backgrounder: $1.5 Billion Infrastructure Fund
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Comment by Yellowknifer69on Nov 02, 2023 1:14pm
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Post# 35713982

RE:RE:RE:Backgrounder: $1.5 Billion Infrastructure Fund

RE:RE:RE:Backgrounder: $1.5 Billion Infrastructure FundHello and good morning longs

One would think that Nico fits a number of criteria to get some financing.  But that would still mean that management has to make the application.
Then there would likely be an extremely lengthy
approval process (being Fed money).

Which means that Fortune can't rely on this anytime prior to mid Q1, 2024 at best.  I think late February, early March.

So probably need to find another bridge loan in the short term. IMO

Yellowknifer
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