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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 > Partner investor….
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Comment by ztransforms173on May 30, 2024 10:31am
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Post# 36064330

RE:Partner investor….

RE:Partner investor….- there is NOTHING NOVEL or NEW in this

- FT CEO RG has EXPLICITLY STATED that Fortune Minerals is RESERVING ANY OFFTAKE AGREEMENTS for COBALT, GOLD and BISMUTH for STRATEGIC EQUITY INVESTORS in the company

- this is to PREVENT FURTHER BLOWOUT DILUTION and ASSIGN SIGNIFICANT VALUE to the PRESENT SHAREHOLDERS [including himself] who have ALREADY PUMPED IN $ 182 million {NOT ADJUSTED to 2024 dollars which would be MUCH HIGHER}

z173


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