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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 Dec 11, 2022 11:50am
174 Views
Post# 35164677

RE:The Canadian Critical Minerals Strategy

RE:The Canadian Critical Minerals StrategyA quick review of the strategy revealed the following:

1. "cobalt" was the third most mentioned critical mineral (17x)
2. "indigenous" was mentioned 159x
3. "processing" was mentioned 35x
4. by this strategies definition, NICO is a "priority mineral deposit"

If the Federal government is looking for a quick win, given NICO's advanced project status, vertically integrated valued added plan creating good jobs, good engagement and relations with the Tlicho community and significant green economy demand for the deposit's minerals, Fortune Minerals looks like it has the makings of a poster child. Considering that the strategy has now been published and all the various forms of funding assistance available, it should not be long before they have their day. 
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