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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 > Fed's may pay for more power
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Post by Tuckerthefoxon Jun 08, 2022 1:42pm
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Post# 34740992

Fed's may pay for more power

Fed's may pay for more powerThe NICO critical mineral mine is only 22km from Snare Hydro, but there is insufficient capacity to supply the mine, requiring Fortune Minerals to burn fossil fuels for its power supply. Linking Taltson power to the Yellowknife-Snare Grid would free up power from Snare to meet that mines green power needs and the nearby communities of Whati and Gameti. https://www.miningnorth.com/chamber-news/103040
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