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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 > Fortune Minerals Announces Government Funding
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Comment by ztransforms173on Dec 05, 2023 9:48am
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Post# 35768754

RE:Fortune Minerals Announces Government Funding

RE:Fortune Minerals Announces Government Funding-as FAR as I can TELL, this is about 75% of the REQUIRED FUNDING for the SMALL SCALE pilot plant metal refinery (?) 

- so they will have to COME UP with $ 300,000 of NEW FINDING (?)

- it is GREAT that the CREDITORS EXTENDED the MATURITY of debentures and loans by ONE YEAR

- the NEXT NEEDLE TO MOVE is the government funding of a NEW and UPDATED FEASIBILITY STUDY taking into account of NEW INFORMATION coming on stream

z173

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