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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 > NWT Mineral Resource Act Regulations status
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Post by Allmanon Oct 12, 2022 8:48am
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Post# 35019069

NWT Mineral Resource Act Regulations status

NWT Mineral Resource Act Regulations statusConsidering that NWT Mineral Resource Act Regulations are still in work (as well as mineral resource royalties), it begs the question how much of this is impeding FT's NICO deposit progress.

Caroline Cochrane interview ...
What else can the NWT be doing to make the territory more attractive to investors? The big issue, in all honesty, is finalizing the regulations. That’s what we’re working on now, and I’m of the opinion that if you build it, they will come. If we develop regulations that are competitive and attractive to investors, they’ll come.
https://uphere.ca/articles/words-top-2022-edition

Mineral Resource Act Regulations status
https://haveyoursay.nwt-tno.ca/mra-regulations

Review of Mineral Resources Royalties status
https://haveyoursay.nwt-tno.ca/review-of-mineral-resources-royalties
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