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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 Jul 02, 2022 8:09am
120 Views
Post# 34797211

RE:NWT mining future takes a critical turn

RE:NWT mining future takes a critical turnShane covers this topic well and it's the wider audience that we need right now. Its well written and factual and FT will make Apache RE program look like a cake walk in terms of local northern and aboriginal involvement. Regardless Apache has done it right with Deton Cho and local involvement as I have been whiteness to it up here and with that they have beeen able to get things done.  FT will do much the same on a much bigger scale.

investments in the road is telltale to federal, tlicho and territorial government project support as we are the only ready to go project on that road today. FT is just a few steps away from bringing that payback opportunity to reality other opportunities will follow and they all wait to see the success of FT.

the question on my mind is who and what FN group could participate in the Alberta portion of the project and tap into the Alberta side of the funding opportunities that FN has there? It may surprise us cause there is no question they are looking beyond O&G. Haywood has thier work cut out for them to find and bring all these groups together in a world screaming for what we have at NICO . In addition this brings huge opportunity to Alberta and edmonton- gate way to the north- Edmonton who, along with Calgary have been blackballed by anti oil groups in canada and the world, just a few years back, can also pounce on the industrial opportunity and prove they can be progressive in green related technologies, the new process plant will bring huge political and economic clout to the story.

Alberta's industrial heartland awaits our full permit applications as it seems even the ministry of mines there is framing it as an approved project. ( seen in a recent promotion posted here on the BB).

all things said and all this written about CMs and BMs, it's seems impossible to many of us that this somehow fails. Investors the world over and certainly Canada and NA have to see this potential in this project at these times. FT has it all and is clearly ready to go and soon that "wider audience" will tap into this opportunity - IMO, stay long our day in coming like no other.
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