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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 > PDAC 2022
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Post by Lottenon May 13, 2022 3:30am
317 Views
Post# 34680422

PDAC 2022

PDAC 2022
I see Fortune is participating at PDAC 2022 from June 13. to June 15.

I'm just wondering if that means they are nowhere near finding a partner with the financial muscle required.

If so, what about the refinery option and the debt?

I think it would be no surprise if we see an extension of the option.

Regarding the debt I'm not sure how they will handle it. Probably we'll see some kind of extension there too. I can't imagine bankrupt at this time.

But the rope tightens. We should really see progress very soon.

Just some speculations from me.

Have a nice weekend everyone! :-)

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