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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 19, 2022 8:03am
103 Views
Post# 34331786

RE:RE:RE:RE:RE:fall / maybe

RE:RE:RE:RE:RE:fall / maybe

I guess no one can deny the expense of mining in Canada let alone the NWT where ESG is important to Canadians and becoming huge factor for any financier....in fact it's becoming, if not there already here, one of the single most critical components especially with cobalt and the financier....a fact that no miner will escape. 

to achieve a great ESG there is a price to pay ...that sometimes is referred to the cost of working in Canada where we are concerned with fair wages, environment, social impact etc.  How important is this high cost of operations to get a product that is actually something other than blood cobalt?

Those whose marketing plans bent on being green also need and will use that ethical cobalt to thier advantage when it's available  ....and with that, FT is the only permitted primary cobalt mine in Canada and NA that can and will achieve the most desirable cobalt in the world, with a fantastic ESG, for those that see the whole picture.

just look at the rivian web site ( the ikea of EVs) with all thier environmental considerations in their EVs and I even emailed them to ask how they are dealing with the forced and child labor mined cobalt probably used in thier EVs and got a reply to the effect they are always seeking the best from thier suppliers ....rivian while advanced compared to many ev startups, is only one of many whose marketing plans could be jeaprodised by a single component of thier batteries billions invested and what? Faced with a black mark that no one can quantify cause and effect, should that rear is head....well folks it will rear its head and we are sitting good to be part of the solution.

yes sir it's expensive but it will remove the black mark that so many others are going to have to deal with when we start producing.

Clearly the banks want effective ESG's if they are to support projects for BMs , CMs etc. and we are gonna give it to them like no other.

the coincidence of the 11 hour NWT mine cost bashing is likely no coincidence ...keep the faith there is more to this than just dollars. 
 

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