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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 27, 2021 8:06am
120 Views
Post# 33609098

RE:Jrv, cat is out of the bag

RE:Jrv, cat is out of the bagIt's an interesting play and obviously been in motion for a bit given the assets and entities in play and was not dreamt up in the last month as a lot of DD would have had to be done..they been on this for a while and kept a lid on it.

will be interesting to see the market response along with some of the BB reactions of shareholders but just as important will draw attention to cobalts? .....I guess we see
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