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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > A Possible Nico Marriage?
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Comment by Tuckerthefoxon Sep 10, 2021 12:12pm
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Post# 33840085

RE:RE:RE:RE:A Possible Nico Marriage?

RE:RE:RE:RE:A Possible Nico Marriage?They will probably sell more shares if money is low. Would be beneficial for higher share price. I'm not too concerned about the cash situation. FCC got the money for a refinery from bmo (I'm getting old so my memory might not be accurate) in exchange for shares. I posted this earlier if anyone wants to look it up, or go to the FCC News in Stackhouse. I suspect FT will option to have another company refine until they have the funds to build their own. The funds are out there.
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