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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
Comment by cwDeicion Mar 21, 2018 9:20am
120 Views
Post# 27752089

RE:Processing facility rezoning.

RE:Processing facility rezoning.That's fantastic news! Thanks for your vigilance!
I guess the administration and townspeople have come around to view it as a plus considering the substantial funds this will bring to the community. 

rospar2 wrote: I have been accumulating Ft shares for two years and following the many informative posts here. As part of my due dilgence I have looked at some of the minutes of the planning committees for the RM of Corman Park and the town of Langham.

Minutes of the RM of Corman Park planning committee meeting on 20 Feb 2018 have a brief statement that " Rick Schryer Glen Koropchuck, representing Fortune Minerals, updated the planning committee regarding their proposed processinng facility" ----." No planning application has been received to date for the proposed rezoning or development."

I assume that FT briefed them on the Feasabilty study, and that the processing facility plans will have be updated if increased mine output is feasible. The updated plans would then be included in a rezoning application through the planning committee.

The town of Langham planning committee meeting minutes had an indication of their support for the projectin a statement that they will have to rezone some Langham properties to "residential" to accomodate FT employees who want to live in Langham.

It appears that all the wheels are in motion but moving slowly. GLTA.  Bob 


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