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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 > BEHOLD ! The ANTS Are MOVING OUT of The ANTHILL IN FORCE
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Comment by geolithon Jun 20, 2024 4:34pm
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Post# 36098791

RE:RE:BEHOLD ! The ANTS Are MOVING OUT of The ANTHILL IN FORCE

RE:RE:BEHOLD ! The ANTS Are MOVING OUT of The ANTHILL IN FORCEThese projects are all so unique that they need their own purpose built extraction facility.  Rare earths more so because they are in refractory minerals and need high-temperature caustic or acidic disolution before they can be cleaned and separated.  And then the waste stream needs to be neuttralized and stabilized.  Expensive.
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