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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 Jun 16, 2022 7:51am
136 Views
Post# 34760556

World cannot allow Russia, China to dominate CM’s

World cannot allow Russia, China to dominate CM’s

... Canada’s final critical mineral strategy will be published in the fall, but noted the government already budgeted $4 billion towards it. Funding a strategy that isn’t yet complete isn’t the usual course of action, said Wilkinson, but the government knew it couldn’t wait to get money on the table.

Expanding production is a big part of the plan, and that will include efforts to speed up approval of new exploration and production projects, particularly with federal review processes through the Impact Assessment Agency of Canada.

We do need to find ways to accelerate our ability to get things done,” Wilkinson said.

There is also $1.5 billion for infrastructure given many of the minerals and metals are located in parts of the country that are hard to get to, said Wilkinson.

https://www.thestar.com/politics/2022/06/16/world-cannot-allow-russia-china-to-dominate-critical-minerals-market-wilkinson.html

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