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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 Freedom2022on Oct 17, 2022 12:48pm
163 Views
Post# 35029253

Refining

Refiningin the vidio , hes says it costs 10 times the amount to build a Lithium converter in Canada than China,, Thats! why we might need to turff what looks like a great idea , unless the Feds can make a difference for FT to afford the Refinery,, Also , i liked the Ex of Graphite refining , 100 percent of Refining is China?  Lithium Refining 90 percent wasnt it?   just a show of how far Western world is from taking over our own destiny?  He says demand will bring down refining costs, but for that you need Massive help from the Feds to make it worth privite industry to invest in projects like Fortune while costs to build are sky high?    is that accurate?  cheers!
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