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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 > Good news
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Comment by redon Feb 09, 2021 10:47am
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Post# 32512332

RE:RE:RE:RE:RE:RE:RE:Good news

RE:RE:RE:RE:RE:RE:RE:Good newsWell if you could tap into and existing facility and save a couple hundred million that would be a good reason for a delay....the question remains ...is that what we are going to do.

all of the years of discussion have waited and revolved around some level of cobalt $$  recovery and demand ...that is upon us now....and we can better see the light at the end of the road.

we'll be in the news again soon enough, crunch time coming. 
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