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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 Allmanon Apr 27, 2022 7:41pm
190 Views
Post# 34637350

Will the Far North be left out of the critical minerals rush

Will the Far North be left out of the critical minerals rush

“When you look at all four of our critical mineral mines that are that are moving closer towards becoming mines — Nechalacho, NICO, Prairie Creek and Pine Point — the workforces that they are projecting to have all added up don’t equal the workforce at Diavik,” he told The Northern Miner, referring to projects being advanced by Vital Metals, Fortune Minerals, NorZinc and Osisko Metals. ...
And while the budget itself didn’t include any specific help for mining in the Far North, Federal Transport Minister Omar Alghabra was recently in Yellowknife promoting its contents. The minister’s visit seemed to signal that, when details of the spending outlined in the budget are released, they will benefit the north, where mining is a crucial part of the economy and has supported the growth of Indigenous businesses, expertise and employment. ...

“That’s something we’ve been doing for a long time up here in the North,“ Hoefer says. “We’ve got some phenomenal Indigenous companies that have grown up with diamond mining and are very successful as a result… That’s another reason why we would emphasize we need to get these four [N.W.T. critical mineral] projects to become mines.” ...
 

https://www.northernminer.com/news/will-the-far-north-be-left-out-of-the-critical-minerals-rush/1003841115/

 



 

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