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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 redon Jan 04, 2021 12:23pm
157 Views
Post# 32215685

Nice to see some volume

Nice to see some volume this am - which is historically odd for a monday morning - intrests in cobalts may start to see an upswing.

In a recent communication with the company (FT) - I am hopefull of some news soon to update us on the processing facility as i inderstand there have been discussions on a new brown field location also hopefull on results of the Aurora geo work being done.

Ft People are having some level of discussions with various governments on Cms initiatives so i am happy to hear that at least there is discussions on this matter.

Lets hope some all-encompasing news touching all of our quearies comes soon!!      
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