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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 Jun 13, 2022 8:05am
121 Views
Post# 34751116

RE:RE:RE:31 REASONS TO INVEST IN CANADA’S MINING OPPORTUNITIES

RE:RE:RE:31 REASONS TO INVEST IN CANADA’S MINING OPPORTUNITIESBack at you 201, that's our problem, the big mining guys all know about us and would like us for peanuts however new doors are open with established automakers, let alone startups who may be looking to be involved in mining, then in the last two years the 300 plus started or planned battery plants the world over and that's not done yet either, continually adds to possible partners or a consortium.

FT has new and more options in the last two years that never existed in the previous 20....you are right in that today you can find what you need on cobalt plays but two years ago we had issues even getting mentioned on the maps and in the stories ....the CM Agrements with canada, USA and the EU is constantly adding to our exposure that adds exactly like you say ....so I figure it only gets better from here on out and more exposure may finally open some eyes as to what "lil ole FT" could become ....we are not big but we are a factor given we are a permitted primary cobalt mine in canada....look around there are not that many even close to the stage we are at.....in terms of processing one of few in the world at an advanced stage.

and where there are some process and Battery manufacturer choices in canada, some have plans of using DRC cobalt, likely not a good move given the political powder keg that exists there not to mention the corruption that is coming to light in the DRC and some mining " big guys" companies, Might be the reason canada only put ten million in to that project ( ELBM )....who knows what comes of Russia and sanctions ( they are the third largest supplier in the world). We sit good on this front. 

I hope more general exposure of FT brings market demand and that management's decision to bring on Haywood brings us even more in terms of partner money potential. The Mirade of financial resources that are avails today, that were not two years ago, require full attention to sort and possibly match with investor partner needs, so it's good to have Haywood ...the time is right and probably as good as it gets and then yet again we are faced with yet another setback with general market's being shaky......can EVs, BMs and CMs survive this ? ...then our unique deposit laced with gold won't hurt. ...We know there is no going back on what EVs etc will become as the electrification of the world unfolds....FT and Nico will be participating, keep the faith, something is gonna / has to come of this.


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