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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 Jun 19, 2023 7:50am
127 Views
Post# 35502961

RE:NWT has ‘world’s largest tungsten deposit

RE:NWT has ‘world’s largest tungsten depositWe also have an advantage in these bigger political financial discussions in that our process facility will be located in "rolling in dough" Alberta....but also alberta is a jurisdiction faced with "green" issues which both the Feds and alberta know and are discussing and the Feds apparently have money and political will to move with alberta. 

seems to me we can help the face of maters for all three levels of government with our deposit being processed in alberta along with other things being done and to be done in Alberta. The money for a process facility as planned is peanuts compared to the money being spent on carbon capture and related. The new processing facility would be a win win win situation.

FT adding a recycling component and this looks even better for everyone. Given what's going on politically it's hard to imagine our name / deposit / facility not coming up.

I guess whatever it is that RG has, in soon to be released "meaningful news", which we know D-ick all about, ( somebody knows) could be the kicker to development that we have been waiting for?

Yes....we tumble and roll while we wait for someone to throw the switch.
 
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