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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

Bullboard Posts
Post by Grimcanuckon Jan 07, 2018 6:16am
281 Views
Post# 27299773

NWT to make final comments on Whati Road Jan 19

NWT to make final comments on Whati Road Jan 19In my opinion this is the single most important news. If the enviromental assesment gives the all-season road an OK it will also give the investors backing FT the green light. China is looking heavily at Canada and its mining and auto manufactering. BYD will be building a EV Garbage Truck factory in Ontairio. I wouldn't be surprised if their is an outside interest waiting on the sidelines until all the government bs is done with. Going to be an exciting year for cobalt miners!
https://www.cbc.ca/news/canada/north/tlicho-road-and-caribou-impact-1.4465891
Bullboard Posts