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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 redon May 04, 2022 8:20am
91 Views
Post# 34654131

RE:Industry stakeholders, experts applaud feds’ CM spending

RE:Industry stakeholders, experts applaud feds’ CM spending

This is great and nice to see a map that at least shows us as an advanced project and if order of words mean any thing in the description, clearly shows us as primary cobalt and clearly rare in Canada. Comments about we "can do better" to are also nice words in terms of speed of investment. Attracting foreign investment kinda speaks to doors being opened and may be enough ( and won't hurt) our situation and help to advance. The intent seems to be there on so many fronts. 

we need to bring the tlicho ( and others for the alberta processing plant) more into the fold as the first round of funding appears to to slated to indigenous governments with processing, infrastructure considerations on the table and is a priority.

A shared access road which could serve as continuation of the Tlicho road to other communities while serving needs of our mine could very well be an infrastructure project that the Tlicho could tap into with us and on short order. we know it's desired by tlicho for many reasons and certainly as they prepare for the fact that diamonds are not forever coupled with desire to connect other communities ( and projects) to thier road. 

this article only touches on the potential that is before us and I hope ( and don't doubt) investors / partners see this. The big question is how does RG see this and what is he doing about it? We won't know without news and discussion on these latest developments from out mgt team ...time for news ! 

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