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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 Mar 08, 2023 11:16am
92 Views
Post# 35325890

RE:Focus on Ring of Fire overshadows 'several other' projects

RE:Focus on Ring of Fire overshadows 'several other' projectsGreat article. Good to see that Canada's Minister Wilkinson acknowledges these "other more advanced projects", which evidently per Canada's Critical Mineral Strategy includes "Fortune Minerals" ...

“People get very very focused on one, when there are so many others that do not necessarily have as many challenges as the Ring of Fire does,” Wilkinson said on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto on March 7. He said there are a range of critical minerals projects across Canada where deposits are a lot more “proximate to communities and the infrastructure challenges are not as significant.”
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