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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 Jan 11, 2022 8:45am
108 Views
Post# 34302832

RE:Critical minerals 2022's key geopolitical battleground

RE:Critical minerals 2022's key geopolitical battlegroundThat's a great post Allman....however as we sit n wait, and I am sure we all ask ....what does it take to open eyes as to the potential FT and the Nico deposit hold toward a being a Legit and ethical NA and source of BMs and Cms ....it's a bit mind boggling.

we sit on the only permitted primary cobalt mine on the continent with a nice mix of metals and a substantial cobalt deposit coupled with at least 1.1 m oz of gold....no question in my mind on the fantastic ESG that FT will bring to the table with the Tlicho, which every major financier is clearly looking for.

with processing site eminent and who knows what else comes with that, but what ever it is will be good for the end game and also another probable giant step...but we still are missing that market interest.

one day someone is offering 600k shares at .15 ...then disappears and we know that was not filled at .15 ....then of course if you have that many shares to toss out there at .15 you probably have millions more.

when our news comes out be sure to read it very very carefully along with your own investment tolerance and due diligence and don't be fooled by the possible initial market reaction of those who bought at .02 .05 etc ...if they were prepared to sell at .15....I can imagine what many will do at .20 or so ...they are out there and hold millions of shares ...if we are in producing mode when that news comes out you won't have to much to worry about and if we are not it won't be too far down the road before we are.

Many, including me, have often said processing processing processing and I think the gem in FT is when we get there ....allmans post contains great insight on the long objective for us and there is no good reason why we won't get there ...yep we heard it all before and many are tired but it's not the time for week knees in my personal armature opinion and so I say Stay bullish on FT and stay long the best is yet to come... 


"Countering China's lead

"China's dominance of critical minerals, especially those used in clean energy technologies, is akin to the kind of stranglehold that OPEC has had over oil in the past. As the minerals grow in importance due to the necessity of the climate transition, the need to develop a resilient and secure supply chain will become impossible to ignore. 

"Consequently, 2022 will see Western countries intensify efforts to reduce their reliance on China for critical minerals used in the tech, renewables, and military sectors by seeking alternate sources. "Investment in state-sponsored and private sector initiatives to build regional and national supply chains will become more frequent.

"Quite simply, developing a critical minerals supply chain is fundamental in safeguarding national security, achieving sustainable development, and driving technological prosperity. China, long before the West, realized which minerals and metals are key to the future, and their 'Belt and Road Initiative' has consolidated the country's lead in controlling these resources. Next year will see Western state-sponsored research and investment into building resilient critical mineral supply chains of their own."


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