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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 > U.S. Department of Defense funds Canadian graphite miner
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Post by Allmanon Jul 18, 2023 7:57am
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Post# 35545552

U.S. Department of Defense funds Canadian graphite miner

U.S. Department of Defense funds Canadian graphite miner The United States Department of Defense has awarded a subsidiary of Vancouver-based junior miner Graphite One Inc. a grant of $37.5 million to develop a mining project in Alaska ...
While a number of Canadian miners have applied to the Department of Defense (DOD) for funding, Graphite One, through its subsidiary in the U.S., is the first to receive such a grant ...
Some other Canadian miners who have had talks with the DOD include Toronto-based Electra Battery Materials Corp. and Ontario-based Fortune Minerals Limited. Both the companies are still awaiting to hear back from the U.S. department.
Fortune’s spokesperson Troy Nazarewicz, expects the Defense Department to make funding announcements for Canadian domiciled projects in the near future, after covering U.S.-based critical minerals projects.
Graphite One’s Huston said he didn’t have the insight to comment on the direction the DOD might take about some of the other Canadian miners, but said that the grant was a great example of how a government can help build the supply chain that is “so badly required.” He urged the Canadian government to “follow this lead.”

https://financialpost.com/commodities/mining/us-department-defense-funds-canadian-graphite-miner
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