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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

Post by redon Mar 03, 2021 8:30am
169 Views
Post# 32702988

Battery metals

Battery metals

Afte reading the full artical, it's hard to believe that FT would not be a target of some of the largest mining companies in the world and mentioned and also a raft of others not mentioned and are all likely part of the 42 NDA holders that Robin and company preach that we have. 

https://www.reuters.com/article/us-usa-mining-insight-idUSKCN2AT39Z

everything is changing around us driven by electrification in one form or another, the writing is on the wall for battery metals ...the big boys so to speak, are ramping up and interest is gaining momentum very quickly. Many of potential NDA holders are already operating up north. We are ready and far ahead of so many in the field, we are not the biggest source of cobalt but we are an advanced source that could be on line in relative short order. There appears political will to compliment the market requirements, you could not be a mining giant and not notice The Nico deposit and the timeline of which it could evolve. Is FT going to compete with them or will we be taken over. I am pretty comfortable that the resource will not sit in the ground....I am sceptical we could compete ....we can't give the impression that we are waiting for some one else ....we need to forge ahead and answer the questions of processing and when we do we will look like a very differant type of target and that appear to be unfolding before us.... it's going to be interesting. 

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