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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 22, 2021 8:56am
92 Views
Post# 33586820

RE:RE:I wonder what Jrv is cooking

RE:RE:I wonder what Jrv is cooking Well if nothing else they caught everyone's attention. I am have a bit of a problem digesting that the USA gov will support Idaho mined ore processed in Brazil as it kinda goes against the grain of intent with ramping up home grown sources ....yes some mining jobs but the technical fun and good paying jobs being done elsewhere has me wondering.

given JRVs executive capabilities I am a bit shocked they are not pursuing processing right in the USA but instead chose Brazil. I think a strategic mistake given what NA governments have said ..

we should take away that it's a message to us as well about the obvious complexities and cost of processing and with all the experience JRV has they could not put this together .....but we at FT can....well it certainly looks like we can ....and we are hopeful that RG is doing that.

further testament to this is FCC while somewhat struggling they are steadfast moving ahead and again with an existing facility to be modified ...unfortunately they will be getting ore from the DRC and I think risky and why I pulled out a while back but a good thing they have also invested in battery recycling research and announced today that they have done this recycling on a small scale and have the process worked out .....you would think a bit of a boom but we will see today.

From my seat ...we sit very good if we can make a processing deal with an existing processor in western Canada who has the facilities and the well known second to none highly and worldly respected technologies division.

all NA cobalts face the processing issue ....none have completely solved it in the way that they may like we are literally one of three that I am aware of and potentially on the cusp of doing that....we have the resource and with a partner that has the processing, FT and that someone who puts out a solution is going to be mining world headline news.....I believe we can do this, it's all there.


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