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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 22, 2021 8:50am
107 Views
Post# 32848992

That’s a wrap...

That’s a wrap...

Last of the big auto makers makes a move to announce electrification of some models ...

https://www.cnbc.com/2021/03/22/jeep-unveils-all-electric-wrangler-concept-suv.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message
 

I been waiting on Chrysler to announce its iconic Jeep to take on EV status and its moving in that direction which pretty well has been done although less ambitious than some it's was inevitable. The stage has been set now and the competition will include all the big boys. As a result there No question on battery demand to become exponential and seems to me, just like those chips, there will be a shortage of battery sources which In turn means huge demand on battery metals....and here we at FT sit ripe for plucking ready to be picked up ...it's a good space to be in, so many option s for FT.

also no question in my mind as soon as USA import export bank showed some interest, which Robin says they are are really interested, would open eyes of many big boys who know how to deal with them in a big picture way ...we are going to be picked up....however if Canada is serious we may become a producer with a Canadian company if not, our site processed ore will be shipped further south to a processing facility in the states where there is huge interest and definet demand and political environment to creat jobs. 

environmentally thinking it's a heck of a lot easier and much faster to move into an existing facility than starting from scratch so we will soon see how interested Canada is. 


 

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