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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 > Update ?
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Comment by Tuckerthefoxon Aug 12, 2022 10:11am
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Post# 34891167

RE:RE:RE:RE:RE:Update ?

RE:RE:RE:RE:RE:Update ?It came from FT investor relations. He can't give me any Information that isn't already public. It was stated that the loan was unsecured by a fellow poster. If true I'm not sure if "default" is the right terminology. I was hoping to get more info on the Loan. Is it an auto renewal? Is there a financial penalty? etc.... TTF
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