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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 May 27, 2024 9:05am
176 Views
Post# 36058599

Alberta next investor ?

Alberta next investor ? From Daniel Smith on LinkedIn 

( they got the money, now do they believe? Remains to be seen ) 

"Since the election, we've grown the Heritage Fund from $17 billion to an expected $25 billion by the end of this year. 
 
Our goal is to build it to generate $12 billion in investment income, providing sustainable revenue for Albertans. We've focused on disciplined year-over-year spending, paying down our $80 billion debt, and freeing up $3.5 billion in finance charges. 
 
This allows us to offer tax breaks and affordability payments when we have surpluses. Let's keep building a stronger future for Alberta together!" 
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