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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 Jim1712on Oct 30, 2021 9:58am
168 Views
Post# 34067629

RE:RE:Nico will be developed sooner than later.

RE:RE:Nico will be developed sooner than later.
“It all comes back to cobalt,” he added.Artisanal miners work at the Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, the capital city of Lualaba Province in the south of the Democratic Republic of the Congo.. 
KENNY-KATOMBE BUTUNKA/REUTERSA hard silver metal, created by smelting down blue-speckled blocks of mineral mined from the Earth’s crust, cobalt is vital to the production of lithium-ion batteries, preventing them from overheating or even exploding. This makes it particularly important, along with copper, of which it is often a mining byproduct, for the EV sector.
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