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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. > Fortune Minerals Announces Government Funding
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Comment by ztransforms173on Dec 05, 2023 9:48am
116 Views
Post# 35768754

RE:Fortune Minerals Announces Government Funding

RE:Fortune Minerals Announces Government Funding-as FAR as I can TELL, this is about 75% of the REQUIRED FUNDING for the SMALL SCALE pilot plant metal refinery (?) 

- so they will have to COME UP with $ 300,000 of NEW FINDING (?)

- it is GREAT that the CREDITORS EXTENDED the MATURITY of debentures and loans by ONE YEAR

- the NEXT NEEDLE TO MOVE is the government funding of a NEW and UPDATED FEASIBILITY STUDY taking into account of NEW INFORMATION coming on stream

z173

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