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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 Jul 07, 2021 8:34am
123 Views
Post# 33504293

RE:RE:Cobalt Production

RE:RE:Cobalt Production

Very true and also a point that seemingly not long ago, no one really cared or talked about Bismuth ...but since the advent of the CM lists of NA and the EU, it has silently moved into a spot light so to speak.

unfortunatly it's still not talked about much but there is a reason it's on that Critical metals list and no question we have a lot of it.

FT has it all and no other primary cobalt deposit has anything close when it comes to "electrification" metals and we know where electrification is going the world over.

The technical miner / processor that RG has eluded to is the most important pursuit to fast track a development and we can all take comfort that we know Alberta at least one who has who has clearly stated its intention with electrification and battery metals. With a bit of research into who else is in pursuit of such opportunity in the world, you will see that BASF is no slouch in Europe in this endeavour and also has an Alberta presence and etstbilshed facilities ( albeit mostly agriculture and plastics related in Alberta but world over is another story). We cannot discuount that they and any of the huge entities out there with intention to delve into and expand horizons of BMs that they too could be a factor.

as difficult as it may be for some, and I don't blame them on some fronts, the only reason they are still here and why I am here and will continue to wait this out, is that Potential 

All things considered when the great disconnect ( between end users and miners) that Simon Moore's pointed out, comes to an end  we are one of the best opportunities out there. It's been a long road and WTH is another few months if it even takes that long for something and it's likely significant, to happen. .....and I say a few months because I think that last PP was small for a reason ....good luck to all and to FT mgt to make something happen.

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