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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by DoasIsayon Jan 09, 2014 2:43pm
211 Views
Post# 22075076

In the North, a power crunch hinders development

In the North, a power crunch hinders development
https://www.theglobeandmail.com/report-on-business/breakthrough/in-the-north-a-power-crunch-hinders-development/article15396273/

There’s no shortage of demand. Dr. Mercer figures his NWT mine alone could take 20 megawatts – by comparison, the peak demand across all of the Yukon last year was 83 megawatts – while Fortune Minerals considers itself as something of an “anchor tenant” for new power capacity that could then make other projects viable.

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