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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 Lottenon Apr 14, 2021 3:30am
244 Views
Post# 32990909

Still some way to go?

Still some way to go?
"Location of Refinery: The Company does not currently own any lands on which to build the Refinery, as the lands previously held for this purpose were sold as a result of a negative rezoning decision by the local Rural Municipality of Corman Park in Saskatchewan. The Company is assessing alternative sites in Saskatchewan and Alberta to build the Refinery and one site in Saskatchewan is currently held under an option arrangement. Additional greenfield and brownfield sites have been identified and are currently being assessed. Once the Company has selected the appropriate site for the Refinery, it will need to work towards obtaining the necessary approvals and permits as applicable to those sites."

Taken from: https://sec.report/otc/financial-report/275997

Some other things of interest:

https://www.thestockdork.com/cobalt-stocks/


https://www.cheknews.ca/canada-u-s-trade-faces-critical-moment-that-demands-urgent-action-businesses-warn-766454/

"— Establishing a common bilateral approach to both shared environmental challenges and energy infrastructure, as well as supply chains for critical mineral development."

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