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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

Post by redon Jul 12, 2024 8:59am
220 Views
Post# 36129855

Hmmm largest miner in Canada …

Hmmm largest miner in Canada …

Has great interest in the north, while predominantly gold, may have an affinity for CMs ...from financial post ...we are not Nu but in the same club ...our critical road infrastructure is in place - we are easy compared to NU...

Sean Boyd has spent the past four decades building Toronto-based Agnico Eagle Mines Ltd.into Canada’s largest mining company and the world’s second-largest gold miner.....

As sea ice retreats and Arctic waters become more important shipping lanes, Boyd wants to work with the government to develop more infrastructure in the North, saying it would bolster national defence, create the economic conditions for Indigenous reconciliation and facilitate a transition to cleaner energy. Doing so would also open up new opportunities for Agnico to mine gold and critical minerals.

...“There’s not a lot of high-quality critical mineral deposits lined up and ready to be worked on,” Boyd said.

...His company is still predominantly a gold mining company, he said, but noted its infrastructure in Nunavut could serve as “a critical foundation for any critical minerals business.”.....

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