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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 Allmanon Oct 14, 2022 8:34am
139 Views
Post# 35024316

RE:Wilkinson Launches Ph2 of Regional Energy and Resource Table

RE:Wilkinson Launches Ph2 of Regional Energy and Resource TableIt looks like Alberta will be included in a Phase 3 and all phases are to be completed (i.e. align resources, timelines and regulatory approaches to capitalize on key regional opportunities and priorities) before federal funds are allocated. To me it's not yet clear how this resource table activity timing and FT's time fences (re. refinery and debentures) align; hopefully FT will be able to leverage advanced resource table info. What's apparent though is that given FT's NICO deposit advance status, the tables will certainly highlight this and provide that extra visibility to the Federal Funding gatekeepers. From yesterdays Natural Resources Canada news release ...

With the addition of New BrunswickNova ScotiaPrince Edward Island, the Northwest Territories, and the Yukon, a total of eight provinces and territories are now participating in the Regional Energy and Resource Tables — after British ColumbiaManitoba and Newfoundland and Labrador helped launch Phase 1 on June 1, 2022. The federal government is setting up these tables during the next several months with the goal of establishing them with all 13 provinces and territories by early 2023.
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