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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 redon Apr 29, 2024 8:17am
151 Views
Post# 36012249

Time is short ….

Time is short ….Diavik on cusp of closure .2026 comes quickthat income stream for Tlicho will diminish they will ( and have ) have serious concerns about the future .whats the next best option that could fill a gap for Tlicho in 2-3 years ? Someone needs to act now. Ekati may find life but its not enough for tlicho. RG needs to maximize funding sources and needs to be done now, could Tlicho help? Based on what these funding policies read I would think so, not a time for poker faces, find a way to involve them .failure is not an option and if we dont do right there will be consequences.is RG up to the task? We are hooped without thlicho period. Ekatis neighbour, Diavik, is owned by Rio Tinto and will close in 2026. The NWTs third and final operating diamond mine, Gahcho Ku, is majority owned and operated by De Beers and is currently expected to close in 2030. https://cabinradio.ca/180566/news/economy/mining/ekati-submits-plan-for-new-underground-project/
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