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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 Yellowknifer69on Jun 21, 2024 8:50am
156 Views
Post# 36099595

RE:RE:“Deal’s Off,” Canadian Officials Tell China

RE:RE:“Deal’s Off,” Canadian Officials Tell ChinaHello and good morning FT Longs

Baserunner, I like many others who have been here for so long, share your frustrations.

However, I would hazard a guess in suggesting that FT is probably much closer than we realize to making an equity deal with a meaningful partner.  

What I have heard is that the DoD and Government funding were the first dominos to fall that will unlock future funding pots in both Canada and out of country.  'there is light at the end of the tunnel'

I would also add that whilst there is government funding on both sides of the border - it is task specific and very little would likely be available for general operating costs of Fortune.  Therefore, it is highly likely that a deal of sorts will need to be secured in the short term to keep things moving smoothly.

Just my opinions but I think we are close.  (I probably have said that more times than not over the last 10+ year, so take that with a grain of salt!)


Anyways, hopefully as Good7News7 says 'the FT volcano will explode with flowing lava, soon'

Yellowknifer 
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