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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 Apr 09, 2021 9:10am
124 Views
Post# 32965518

RE:RE:World No 2

RE:RE:World No 2This is so true....many of us including me lol, have been so caught up in the ev corner that while we know there will be all kinds of batteries in EVs ...and that is the immediate demand but they are not the only use of cobalt and there is literally hundreds of other uses that will put and add to the pressure on cobalt.....as Simone says ....it's about electrification.

in our case if it's not covid that affects cobalt demand it chips ( automakers cut back production) and we will soon get over that. Good thing about our FT is while we have lots of cobalt we have lots of gold and lots of bismuth along with some copper and who knows what else they find in this deposit ....we are sitting good everything We have will be in demand .....let's get this processsing thing sorted and we will be opening some eyes when we do.
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