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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
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Post by good7news7soonon May 14, 2024 7:01pm
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Post# 36039938

JFSL Property, completion by June 28, 2024!

JFSL Property, completion by June 28, 2024!The NICO project and the related leases in the Marian River Area, Northwest Territories are wholly owned by the Company. In January 2022, the Company entered into an option to purchase a brownfield site in Alberta
Subsequent to March 31, 2024, the Company has negotiated a further extension of the term of the option with payment of a $1,000,000 deposit by May 21, 2024 and completion of the acquisition by June 28, 2024. As at March 31, 2024, the Company has made a total of $400,000 [December 31, 2023 - $355,000] in payments as part of the agreement….
https://www.sedarplus.ca/csa-party/records/document.html?id=9e8409cb5db30870cfb27bfe4db78b44e44e690571b0fb58ebe14d77354d64f5
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