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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

Comment by ztransforms173on Mar 27, 2024 11:32am
154 Views
Post# 35955568

RE:RE:RE:Canada Announces Funding to Support Domestic CMs in NWT

RE:RE:RE:Canada Announces Funding to Support Domestic CMs in NWT
 
RE:RE:Canada Announces Funding to Support Domestic CMs in NWT
Interesting picture that accompanied the government funding announcement - I might be mistaken, but it looks like Robin assisting hooking up ore samples to have them flown out from the NICO site.

Also this government press release conveys all the right messages and alignments of FTs NICO project with the governments CM aspirations, lining FT up for money from the Critical Minerals Infrastructure Fund and, shows that Minister Wilkinson is fully aware of this, e.g.

enhance the production of cobalt sulphate and bismuth ingot products
increase the supply of critical battery metals
optimize processing conditions while ensuring that residues from the process are stable for safe disposal
- develop new expertisecreate job opportunities for skilled trades and professional occupations, including Indigenous communities
- advance the development of dynamic and competitive critical minerals value chains through an innovative new processing technology
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