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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 > Questions
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Comment by Jim1712on Dec 15, 2022 3:59pm
131 Views
Post# 35174198

RE:RE:RE:RE:RE:RE:RE:Questions

RE:RE:RE:RE:RE:RE:RE:Questions

We will never know if and when Procon sells their position.  

Maybe said "potential" partner would like to buy those shares along with the Laxoux shares. 

There was another Chinese buyer of FT years ago.  China Mining.  They held quite a bit at one time. No idea if they are still holding or not. 


Jim 

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