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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Post by redon Jul 12, 2024 8:59am
192 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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