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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 May 19, 2021 8:56am
122 Views
Post# 33228759

What lurks in ...

What lurks in ...The weeds of this ev and battery thing going on. Biden is test driving Electric F150s....pumping EV opportunities for the USA ....so goes with batteries and mass storage systems ( of all kinds ), plans massive investments, some 100 billion also in credits to consumers....its seemingly endless the efforts put into the future opportunities of electrification. 

the transformation coming and required is beyond imagination, complicated but inevitable. Known primary Cobalt sources in NA are rare and few if any that are even close to development. We are in a special club not only as a mine but as a potential producer ...you would not think this is a hard sell, and probably isn't for those that have the ability to look  ....however some no doubt, would like us for pennies.

the big boys are looking, I see Rio Tinto ( partners in Diavik) just put some 25 million into a project in the Yukon the other day. Just imagine our opportunity ( the thought of a major getting involved) if that was dropped on our doorstep ....there is no question in my mind they all know we are out there and will have the details protected by these NDAs none the less the writing is on the wall for CMs and cobalts, Safe and secure jurisdiction, hard to imagine we could be over looked, we are ripe for the picking ....get processing sorted, fill the tank, and drive this puppy around the block let's see what happens.

we have a couple of good choices ....a partner with facilities (makes this happen much quicker) or we have a separate go alone partner and facility  ...but both good possibilities ...one much better and quicker than the other. I doubt with all things considered, this deposit will be left out of development. I have High hopes and expectation that FT mgt can make this happen, too much going on in the world of battery metals especially in NA with Biden's plans unfolding...can't happen fast enough for all of us at FT.....let's roll.
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