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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > New Press Release - Acquisition of Securities of Fortune Minerals Limited
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Comment by redon Jun 28, 2023 7:46am
189 Views
Post# 35517957

RE:RE:New Press Release - Acquisition of Securities of Fortune Minerals Limited

RE:RE:New Press Release - Acquisition of Securities of Fortune Minerals Limited

Probably over thinking this but acquiring an asset / liability at .08 and selling at .01 is not making a lot of sense to me unless there is some underlying event yet to unfold....which has to be the case, a day before the AGM ? Does our board have an agenda?

maybe there is a rabbit yet to be pulled from the FT hat.

I will run with your thinking something positive is up. 

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