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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 May 18, 2021 8:10am
90 Views
Post# 33220597

RE:New ceo at sherritt announced…

RE:New ceo at sherritt announced…No question it could be significant if we are serious about a partner. They certainly have facilities in edmonton and already process Cuban ore for cobalt pellets however Not likley sold in the USA given trade embargo with Cuba ...however a relative close to home source such as the Nico deposit would allow Canadian sheritt cobalt access to American markets. It may seem like a long shot but very possible. The glove fits ....cross your fingers and think on that Lamborghini 

“I am excited to be joining Sherritt at this important juncture in its ongoing transformation as the Company continues to capitalize on growing demand for high-purity nickel and cobalt, while also expanding its Technologies business,” said Leon Binedell, incoming President and CEO of Sherritt. “Sherritt’s exposure to the electric vehicle revolution and unique ability to deliver crucial hydrometallurgy technology illustrates that the business has a compelling future. I look forward to building on the nearly 100 years of Sherritt’s history in innovation and to delivering long-term value for our shareholders while continuing our focus on safe, environmentally conscious operations for the benefit of our employees and various stakeholders.”
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