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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 uudamannon Nov 06, 2019 7:23am
107 Views
Post# 30314358

Trump said

Trump saidThings are going really well ......... BUT the best is yet to come!!

WTH is he talking about?

https://www.ceaa-acee.gc.ca/050/documents/p80040/88265E.pdf

The proposed Project will produce anthracite coal, the highest quality metallurgic coal available and for which there is increasing global demand. Metallurgical coal and iron ore are the principal raw materials needed to make steel. Anthracite represents just 1 percent of global coal reserves. It is also the most versatile coal, suitable for use in a broad range of metallurgical, thermal, water purification and composite material products. The global shortage of high quality metallurgical coal is driving innovation in the steel industry as producers are driven to develop new technologies to be globally competitive, reduce greenhouse gas emissions, and diversify their sources of key raw materials. Many of these new technologies use even greater amounts of anthracite. The Project, as proposed, is expected to be in operation for approximately 25 years. 
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