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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 11:54am
151 Views
Post# 33222167

RE:NICO

RE:NICONo Need to slam on your thoughts ...we are so desperate to see a deal we will take almost anything lol, but lets not forget FT nor cobalt have been in this space before and no need to take pennies when there is probable dollars out there. 

I see glencore is ramping up for the cobalt demand that is coming and is restarting Mutanda in the DRC - great for cobalt its going to be needed and Nico will be needed.   
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