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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 > Pandemic exposed cash crunch in Canada’s CM sector
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Comment by geolithon Feb 03, 2022 2:51pm
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Post# 34394377

RE:RE:RE:Pandemic exposed cash crunch in Canada’s CM sector

RE:RE:RE:Pandemic exposed cash crunch in Canada’s CM sectorThe problem with this article is it calls the MVLWB, or at least the regional boards that are spun out of it "hugely succesful".  By what metric?  Lands governed by the Act have the lowest exploration expenditures (and declining) in Canada, the slowest development process in Canada, the near absense of producing mines, and more.  Now for some, this is good.  And maybe it is.  But it is a very one-sided article.
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