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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 Mar 26, 2023 10:37pm
341 Views
Post# 35361668

updated FS required?

updated FS required?I E-mailed my potiential Graphite mine company in Que (mentioned in previous posts) and they informed me " now that we have a updated Feasibility study done in hand for the project , it could qualify for IRA funding and other programs. These programs are looking for companies that have reached the FS stage! Fortune has Not! Is this a Major hurdle to delay the millions, the company desperatly needs ? and how many shares would FT need to issue to pay for the FS if we need it to qualify for IRA and other programs ? let alone the Alberta site,, cheers! 
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