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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 geolithon Jan 22, 2021 11:24am
129 Views
Post# 32359415

RE:RE:Our refinery with recycling will be gold !

RE:RE:Our refinery with recycling will be gold !Teck's Trail Smelter, built for the now shuttered Sullivan Mine continues on refining other feedstock, including an increasing component of recycled metals.  This is common at many of the metals facilities (smelters) world-wide, and represents a never-ending supply for a well  built and flexible processing plant.  Hydorefining is just a different process.

Saskatchewan had one in their own yard before Fortune's plan was derailed.  Now the goernment is seeking further submissions to build what they already had coming.  Weird.

I'ver heard it that before cannibas, it was a money making machine to grow tobacco.  Yet at its peak, I could not name one grower.  I could always think of the processor's names, but the growers were irrelevant.  I think that's the way it may be with EV metals.
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