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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 25, 2021 12:14pm
105 Views
Post# 33260193

RE:Higher cobalt prices coming soon.

RE:Higher cobalt prices coming soon.

Very interesting..... and only adds to the risk of supply interruptions. China has DRC and other African countries by the gonads and exactly where they want them..... so the risk is multifold both internally with DRC government corruption and add that China factor. 

this situation only gets better for us at FT as an alternative ethical, sustainable and stable supplier, to a few who are smart enough to see the writing on the wall in terms of risk of supply.

Toss in human rights, child labor and Covid potential and its clearly a rats nest over there and has been for some time. 

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