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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 > Fortune Minerals GETS TAKEOVER/BUYOUT PROTECTION
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Comment by ztransforms173on Jul 08, 2024 12:08pm
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Post# 36122898

RE:RE:Fortune Minerals GETS TAKEOVER/BUYOUT PROTECTION

RE:RE:Fortune Minerals GETS TAKEOVER/BUYOUT PROTECTION- YES, there are MINIMUM VALUE and STATE-ENTERPRISE THRESHOLDS in PLACE along with the SIGNIFICANT PRESENCE and CRITICAL MINERALS OPERATIONS

- however, ALL these INVESTMENT REVIEW THRESHOLDS CAN BE SWEPT ASIDE with the "IN THE PUBLIC INTEREST" DECLARATION

- so IF the Government of Canada CONSIDERS the TALEOVER CANDIDATE Fortune Minerals "in the public interest" than FT will STILL GET BUYOUT PROTECTION even though they DON'T TRIGGER ANY of the other REVIEW THRESHOLDS

z173

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