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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 geolithon Oct 03, 2023 12:43pm
191 Views
Post# 35667144

Tli Cho Assets

Tli Cho AssetsThe Tlicho Agreemnent provides for certain lands to be considered.  The Tch Land Claims and Self-government Agreement is the first combined land, resources and self-government agreement in the NWT. Canada, the Government of the Northwest Territories(GNWT) and the Tch are parties to the agreement.

Nico is excluded as it was acquired by Fortune prior to the settled land claims.

However, NWT royalties must be paid and the GNWT shares these with all settled communitites, including the Tlicho
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