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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

Post by redon Mar 13, 2022 9:34am
201 Views
Post# 34509853

NWT power

NWT power

Get Talston on board along with the studied submarine cable under the lake to to YK to reduce the pressure on Snare and make snare available to industry ...but that is probably 8-10 years out but Industry could plan around that ...most here in NWT  have no clue what FT could mean to the NWT so we won't be getting to many residents talking about what's good for FT.....in the next three years. 

expansion of snare has been discussed and probably planned but will need a bit more than promising drill results and half a FS to kick that into gear. Our previous FS study would have considered this hence the plan for LNG.

the cost of transmission lines, like was done for giant mine, would have to be a user or joint user expense, which is possible if there is capacity. 

when it come to power up here it seems like crisis management. All in my opinion. 

we need FT news / update and we need it soon. 

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