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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 Dec 26, 2022 1:03pm
299 Views
Post# 35191919

USA to rescue ?

USA to rescue ?Ok, so they extended the Refinery option to June,FT needs money to keep the lights on , so i am assuming a PP maybe?  The time line is stretching out as we realize there wont be a quick bonanza for shareholders, if its All or nothing i am assuming we wont get any major news till June? if so , then we wont get a spur road potoentially untill 2025, construction maybe late 2025 , to me we wouldnt see a completion until 2027/28 ish lol  imo.   stiring up the pot i am?  lol   USA we need your 25 million early early 2023! Can feds still "working "on it,, lol   i read USA gave out big $$$ a company producing Antimony ,, if there going by the alphabet , Bismuth and cobalt is soon lol          cheers!
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