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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 27, 2023 11:48am
102 Views
Post# 35362457

RE:RE:RE:updated FS required?

RE:RE:RE:updated FS required?Agreed Red, it would be remarkable. Matter of fact, the webinar that was held last September for Canadian critical minerals industries to learn how to qualify for financial grants under Title III of the Defence Production Act specifically indicated that funds could be used for "feasibility studies". i.e. 

The Department of Defense's Defense Production Act (DPA) Title III office has received funding for, amongst other initiatives, the Strategic & Critical Materials DIB Areas of Interest including for feasibility studies, by-product and co-product extraction, modernization and productivity improvements, recycling and reclamation, and enabling sub-tier suppliers and industrial resources.

https://www.defenceandsecurity.ca/events/details?e=528

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