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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 Tuckerthefoxon Sep 20, 2022 9:23am
182 Views
Post# 34973301

RE:RE:RE:The Writing On The Wall

RE:RE:RE:The Writing On The WallFinancing. I would think any battery/ auto company would jump at buying cobalt in the ground for 50% market value. Up to the $12mill we need to cover this silly little debt. As far as selling the project in my uneducated opinion it would be hard to find one buyer that wants everything. Could end up with multiple players each wanting their mineral. Perhaps a large miner jumps in for everything. Another thought, sell the mine on condition we refine it. I suspect that is where the real money will be with future recycling. IMO TTF
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