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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 geolithon Mar 14, 2022 9:08am
114 Views
Post# 34511152

RE:RE:RE:NWT power

RE:RE:RE:NWT power
The problem is not with the Territorial government, who represent the residents of the NWT, it lies with the regulatory boards which have been set up by Ottawa. They do not represent residents. They are appointed by unelected boards. When you hear Osisko saying the expect to take 11 months to get through the permitting process in Quebec one should check out the Regulatory Board's website to see how long it takes to permit a mine in the NWT. You'll see it runs many many years to get through the arbitrary process.
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