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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 > News on debt is out.
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Comment by Yellowknifer69on Dec 01, 2022 9:02am
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Post# 35142451

RE:RE:News on debt is out.

RE:RE:News on debt is out. Hello and good morning Longs:

Well news out this morning. My take on it is maybe a little more optimistic.  Settle debt through issuance of more shares tells me that a financing of the overall project is in the works. 

extension of debt repayment of second holder by December 31, 2023 also suggests that wheels are turning albeit slowly.

And so agree with MB - no christmas presents this year but no bankrupcty either.

Happy Holidays to all!

Yellowknifer
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