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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 redon Jul 03, 2024 8:14am
94 Views
Post# 36115884

RE:RE:RE:RE:Option to buy refinery expires.

RE:RE:RE:RE:Option to buy refinery expires. The so called conditions that may not have been so good at the end of June were certainly good enough to tell us about months prior when we entered the agreement and made a deal to close at end of June. Was that deal so loose ? ...What changed and why ? ....there is much more to this story. Sure FT received, or is going to receive milliions in gov support ....which is probably spent the minute it hits the bank or is certainly committed. We are not finalizing a UFS without completion of a land deal and its associated costs.

RG has to give us more to chew on ....and hopefully soon. 
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