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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 26, 2024 8:26am
161 Views
Post# 36106574

RE:Warning

RE:Warning

When the up dated FS is completed and FEED is done along with Rio testing  done (proving success of RT process possibilities) it would be surprising if Rio Tinto is not in, in a very big way, meaning the loan would be a non issue ? 

testing the possibilities of AB gov involvement is also a factor, probably when the land deal is done in Lamont, means there is territorial, provincial, federal and international ( USA) gov money in this and very likley more to come .....Rio will like that and once in, they know how to tap into more with all these parties looking for an all inclusive ( deposit and processing) CM success story in NA ...FT has everything they all want.

Also....AB gov knows Edmonton is the historic hub to the north, our ties run deep, what's good for us is good for them. Our resources brings AB billions in development dollars, political points etc they will not be missing the boat on this. It's an opportunity for everyone to not only look good but in fact be good.

we wait.

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