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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 May 19, 2022 8:23am
116 Views
Post# 34694749

The promise of Alberta’s mineral resources

The promise of Alberta’s mineral resources

... Mining potential in Northern Canada 

Alberta is poised to be the gateway to the North, as well as a mineral producer and supplier in its own right. It is not just Alberta that has great mining potential, the Northwest Territories have an abundance of potential as well. Our province is directly connected to the Northwest Territories via the national highway system, providing the infrastructure to transport raw materials into Alberta for processing.

Established facilities treat imported feedstock to produce high-purity nickel and cobalt products for export, and to refine magnesium. A recently approved project will process cobalt, bismuth, and gold from the Northwest Territories. Alberta’s bustling Industrial Heartland is ideal to expand the sector’s existing capacity in the province. ...

https://www.innovationnewsnetwork.com/promise-albertas-mineral-resources/21597/

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