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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 redon Aug 04, 2022 7:53am
207 Views
Post# 34870433

Future of Nico…

Future of Nico…

....and NWT FT Nico bismuth could very well be like Saskatchewan and it's potash, wherein Saskatchewan is the #1 supplier in the world and everyone in that sphere knows it. 

the little known but largest bismuth deposit on earth rests at our FT / Nico site....when you have the largest anything in this world you have something. Its a bit surreal given the bismuth made the CM list but so few know about it and it's potential but obviously those in the know made sure it was on the list for good reason. 

leads one to believe that the eventual and also likely the inevitable slap in the face is yet to come when a metal on the critical minerals list finally has its day and everyone knows where to get it.

whilst our Cobalt and gold are practical and desirable today and into the immediate future, what does the bismuth market look like in 5 or 10 years? Someone knows, as it's on that list for a reason.

we sit good ....and yes we wait 

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