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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 good7news7soonon May 02, 2024 12:34pm
148 Views
Post# 36019773

Hope! JFSL facilities before May 15th, 2024!

Hope! JFSL facilities before May 15th, 2024!Fortune can complete the purchase of the JFSL facilities before May 15, 2024 by paying C$5.5 million, less payments already made, and subject to JFSL’s right to use the facilities during the eighteen months following Fortune’s completion of the purchase option .....

This 77-acre site has 42,000 square feet of serviced shops and buildings adjacent to the Canadian National Railway and is close to sources of reagents, skilled labour, and utilities already in place to service the Alberta petrochemicals industry and a nickel-cobalt refinery operated by another mining company. The JFSL site is an ideal location to construct the Fortune refinery and expand the Edmonton area as a Critical Minerals processing hub in western Canada. 

https://ca.finance.yahoo.com/news/fortune-minerals-announces-arrival-samples-120000876.html
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