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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 geolithon Dec 13, 2022 4:21pm
179 Views
Post# 35169449

RE:no extension

RE:no extension This has been subject to legal action by the NWT and Nunavut Chamber of Mines as it is not codified in law nor regulation, but is common practice by the Board.  Very poor regulatory system that is run by unelected officials purportedly representing the land owners.  The problem is that the Tlich can't change this without a big push by the other FN groups and the Federal Government.  Too bad Fortune is the whipping boy on this file.

They can submit for a storage permit while the apply for a new permit.

However, my understanding is that it is just a component, the Interim Closure and Recamaition Plan that is causing issues.
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