Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Spuds21on Jan 25, 2022 9:51pm
181 Views
Post# 34360771

Diversifying investment we envisioned with our mineral....

Diversifying investment we envisioned with our mineral....

"Cobalt, lithium and nickel are all minerals with huge demand in the modern world. Fortune’s new refinery is exactly the type of job creating, diversifying investment we envisioned with our mineral strategy and action plan.”

Jason Kenney, Premier of Alberta

“Fortune Minerals’ new facility will add to Alberta’s mineral refining capacity and will bring exciting economic opportunities to the province. Alberta’s mineral strategy and action plan capitalizes on our untapped potential and helps meet demand for the critical and rare earth minerals which are essential to supporting a low-carbon economy. Fortune Minerals’ investment announcement demonstrates that our strategy is working. Our province has the experienced workforce, and the necessary infrastructure to support continued growth in the minerals sector, and there is no better place for a new Critical Minerals refinery than Alberta’s Industrial Heartland.”
Sonya Savage, Minister of Energy, Government of Alberta

“I am pleased to see continued investment and diversification in the Industrial Heartland with Fortune Minerals’ plan to establish a new cobalt refinery which will also have the future potential to recycle metals from post-consumer batteries from across Alberta. This project will create well-paid jobs for Albertans and continued prosperity for my constituency.”
Jackie Armstrong-Homeniuk, MLA for Fort Saskatchewan-Vegreville

The planned NICO Project in Alberta’s Industrial Heartland supports our region’s robust diversification efforts and highlights our value proposition for companies looking to execute their capital growth strategies, develop new technologies and advance their ESG priorities. Fortune Minerals’ innovative vision and metallurgical process technology for the NICO Refinery will promote further energy supply chain integration within North America, solidifying Alberta and Alberta’s Industrial Heartland as a critical jurisdiction for Canada’s energy future.”
Mark Plamondon, Executive Director of Alberta’s Industrial Heartland Association

“More economic growth and diversification in Alberta’s energy and tech sectors shows our competitive edge in action. This includes access to highly skilled labour, resources, and transportation links from Alberta’s globally recognized Industrial Heartland and combined with our business-friendly environment thanks to the Alberta tax advantage and a streamlined regulatory framework.”
Rick Christiaanse, CEO of Invest Alberta Corporation

<< Previous
Bullboard Posts
Next >>