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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

Comment by redon Oct 19, 2020 9:14am
129 Views
Post# 31738086

RE:RE:Jrv is being halted

RE:RE:Jrv is being halted I think it's important to us to follow other cobalts as there are so few viable opportunities outside the DRC that events elsewhere will have potential impacts on us, on different fronts.

For JRV Makes sense to ramp up the team with relevant people and this is the right time. I think JRV is made up of substantial ex GC excecutives as it is. They have great depth in the market and this is a good business planning given the purchase of a processing facility in Brazil.

the more the industry as a whole can show that there are viable options outside the DRC the more interest there will be in us and others on this side of the earth especially to NA and EU end users who are sensitive to the human and child rights issues in the DRC of which China controls most of the production from.

ramping up our BoD would not be a bad thing as we inch forward and so many factors coming together. We wait and watch with interest.




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