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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 > FT Extends Option to Acquire JFSL Alberta Refinery Site
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Post by Allmanon Jul 27, 2023 2:11pm
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Post# 35560061

FT Extends Option to Acquire JFSL Alberta Refinery Site

FT Extends Option to Acquire JFSL Alberta Refinery SiteAside from the end of year extension, the new bit this time around is ... If Fortune exercises the option to purchase the refinery site, the extension payments will be applied against the purchase price. JFSL is a subsidiary of Worley Group (“Worley”), a major international engineering services and construction management company. As partial consideration for the extension, Worley will also be a preferred contractor with respect to development of Fortune’s refinery. In addition, JFSL will have the right to continue using the site as a licensee while Fortune completes the permitting required to construct and operate the refinery.
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