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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 > No PANIC!!
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Comment by sdhakaon Jul 03, 2024 5:13pm
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Post# 36117141

RE:No PANIC!!

RE:No PANIC!!

Agree! Fortune Minerals is still negotiating with the seller for a new agreement. Their recent funding wins, including government grants and convertible securities, could help them secure a new deal.

 

What do you think? Is this a temporary bump in the road, or a bigger issue for the NICO project? Will Fortune Minerals be able to land a new refinery site agreement soon?

 

By the way, there's more on Fortune Minerals, Aton Resources, and other resource companies in this week's Analyst Ideas report under "Resource Companies Under Coverage". Check it out to stay in the loop: https://www.researchfrc.com/content/analyst-ideas/post/109/hot-streak-for-ai-stocks-gold-miners-lag-mixed-bitcoin-outlook-

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