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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 > Nico Drill program underway!
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Comment by Unfortunateon Sep 23, 2021 7:41pm
159 Views
Post# 33912128

RE:RE:RE:RE:Nico Drill program underway!

RE:RE:RE:RE:Nico Drill program underway!
Based on the complete lack of transparency I'd guess an arm and leg. Very curious what the interest rate is too.

Doesn't this action constitute material information and so requires proper disclosure? The terms of the debt arrangement are very important and it looks shady to take that much money without saying where it is from and when it is supposed to be payed back.
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