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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 Feb 02, 2021 12:17pm
113 Views
Post# 32447415

RE:RE:RE:The necessity of a Cobalt Refinery!

RE:RE:RE:The necessity of a Cobalt Refinery!Tesla battery day came and went - its in develoment 

very true on other critical uses of Cobalt in part why I amd others are here as well - not just EVs

Expansion of snare or similar is not somthing that will happen anytime soon but remenber it was built on a shared program and the mines in yellowknife built the transmission sytem, it was a colaboration. FT is on the LNG program but who knows what the future holds.

Discussion of the cost of a road anywhere near Rankin and comparing to anything we need is apples and oranges and totaly differant kettle of fish. you know that E.

Tlicho at this point are asking nothing given thier involement in both DDC and Diavik and other mines its a good situation for them, not to mention the Tlicho Hiway to which they have asked nothing other than involvement and in fact took on 20 % interest in the project !! - you know that aswell.

FT is in good shape - Risk... yep but i dont think for reasons mentioned        

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