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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

Post by ztransforms173on May 16, 2024 10:22am
100 Views
Post# 36043288

Canada Funding $ 7.5 M For ENGINEERING & TEST Work !

Canada Funding $ 7.5 M For ENGINEERING & TEST Work !

The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling approximately C$10 million through the Global Partnerships Initiative (“GPI”). Natural Resources Canada (“NRCan”) is the funding department for the GPI and Fortune will provide additional due-diligence information and complete a Contribution Agreement over the next few weeks.
 
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- my READING if this is that SGS will CONDUCT FURTHER REFINEMENT and OPTIMIZATION of the PILOT refinery  

- WHAT I am NOT SURE of IF this INCLUDES the UPDATED FEASIBILITY STUDY ?

z173



 
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