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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 May 14, 2022 8:02am
147 Views
Post# 34683705

We are not the only one….

We are not the only one….

with technical deposits and according to this there is plenty of money available to help advance.

https://www.miningweekly.com/article/canada-launches-call-for-proposals-for-critical-mineral-development-2022-05-12/rep_id:3650
 

"Many critical mineral projects have unique technological and processing challenges that can hinder economically efficient production. For example, extraction technologies for most critical minerals used in clean energy technologies tend to be site-specific. Further, mineral extraction must be tailored to each deposit based on its mineralogy, requiring a mineral development strategy that is capital intensive and time consuming. This program will further the development of new technologies in order to make the mining of critical raw materials economically viable, leading the way for new downstream manufacturing opportunities for energy generation, capture and storage.

Applications can be submitted online until June 17."....

Help may be closer than we think with a many programs available under the budget that FT would easily fit into given its advanced stage....in terms of gov support the question of payback is a factor with public money .....we are blessed with gold ....it's good as cash ( and lots of it) once you separate to get the rest of your critical metals....this technical deposit fits the bill based on what we read here. 

it's hard to believe that this is not recognized and given the advanced stage of FT with permits coupled with we know what's coming and the direction our government and industry wants to go  ....do we have an application in? We are sitting much better than so many. Looks like our biggest problem is that we are in the west ! Can NWT and AB. FN involvement help swing that momentum? I think very likely will be the case. Will be hanging on with other longs to see this question answered. Where is our news ? 

 

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