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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 redon Mar 13, 2023 3:16pm
92 Views
Post# 35335611

RE:C is for Cobalt

RE:C is for Cobalt

No doubt in my mind the VW  "suppliers" like the  glencores of the world, will attempt to spin the the ESG and sustainability of the cobalt they get from the DRC...by studying the rules laid out in the " courses ". it started two years ago with some new organization, the name of which I forget but Allman you would know. 

the point is tho..... will that be enough for a plant in canada? Can Canada accept ? ELBM has a commitment with Glencore and they will participate in that spin ( crazy not to) and I don't blame them. 

or would VW ( or it's suppliers) just look to the only ready to go primary cobalt mine in canada and cut a off take deal ? No one has yet publicly even mentioned NICO or Ft for that matter but every one who needs to know knows about us so it should not be too much longer before we hear - like a deer in the headlights .... BAM !! we will be off to the races, so we hope ! 

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