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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 Spuds21on May 13, 2023 9:55pm
298 Views
Post# 35447176

Bought 73 million in December 2022

Bought 73 million in December 2022


Perhaps these guys know something...


LRC-AUN, LP is a private investment fund based in New York City. According to reports, LRC-AUN, LP did indeed purchase 73 million common shares of Fortune Minerals Limited, a Canadian mining company that explores for and develops high-quality mineral deposits. This purchase reportedly represented a significant portion of Fortune Minerals' outstanding shares.

Note that as a private investment fund, LRC-AUN, LP is not required to publicly disclose its holdings or investments.

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