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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 > Canada Announces Funding to Support Domestic CMs in NWT
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Comment by ztransforms173on Mar 26, 2024 10:50am
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Post# 35952931

RE:Canada Announces Funding to Support Domestic CMs in NWT

RE:Canada Announces Funding to Support Domestic CMs in NWT


“Fortune Minerals is grateful for the financial support it is receiving from the federal government for its vertically integrated NICO cobalt-gold-bismuth-copper project through the Critical Minerals Research Development and Demonstration program. These funds will support additional piloting needed for detailed engineering and preparation of the company’s updated feasibility study to help advance the asset closer to a construction decision. Development of the NICO project would provide a Canadian solution for the supply of cobalt sulphate, bismuth and copper needed in the energy transition, new technologies and the growing green economy.”

Robin Goad
President and CEO, Fortune Minerals Limited

***

- the PLAN is PROGRESSING

z173
 

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