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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

Comment by geolithon Jun 17, 2024 6:05pm
106 Views
Post# 36093045

RE:the 'ptarmi'

RE:the 'ptarmi'I don't understand "Now id the Tlicho preserve their Gold Assets."  There is likely many ways to preserve gold assets.  They could shut down all mining and or exploration, and they could retain 100% of their gold.  Not much value to them, but it is preserved.  If it were to be mined and they collect a payment or royalty, then they might be able to hold onto that in the form of gold.  The Tlicho, like anyone else also need to invest in their future through schools, roads, power, water infrastructure.
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