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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Comment by Unlurkeron May 26, 2024 10:39am
156 Views
Post# 36057894

RE:RE:National news … nice to see

RE:RE:National news … nice to see The only problem is that big US investors (institutions) won't invest in a OTC:BB stock.. This thing will need to be uplisted to NASDAQ or the NYSE before that happens, and to do that there would have to be a consolidation of shares. It has to be at a solid $1+ before they can get on the bigger exchanges. But if that happens, look out. A reverse split isn't a bad thing if the company is moving in the right direction. 
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