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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 redon Jun 18, 2024 3:59pm
111 Views
Post# 36094686

RE:RE:Congo cobalt

RE:RE:Congo cobalt

They ( someone) are taking a big risk .... especially on the end product marketing ...I doubt Honda wants to get involved in that  marketing quagmire possibility ....years ago it was reported that Glencore was to supply them 5000 tons of DRC cobalt ore for processing, not sure what happened to that deal but was about the same time they got 10 million of Canadian tax dollars.

desperate people will do desperate things but if they don't have a deposit like we do they have to try to do something .... and our gov supported that ??? It is ridiculous especially when there is near term possibilities like the niico deposit and other Canadian cobalt suppliers.

interprovinccal trade barriers the problem ? You would think that would be easy to resolve vs international imports from countries with non existent's safety and child labour laws etc etc ( not to forget corrupt ) and in the end all most all controlled by China in some way shape or form. 

Lil ole FT with its unique NWT Nico deposit is a Canadian solution .... based on every thing we see and read along with gov support .... impossible that it is not developed.

we wait 

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