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Fortune Minerals Ltd FTMDF


Primary Symbol: T.FT

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 Allmanon Jul 17, 2024 4:27pm
177 Views
Post# 36137306

RE:I support Robin Goad

RE:I support Robin GoadI agree  - also, we need to keep in mind that the company at this point doesn't have the breadth of staff given then downsizing that took place over the last years, hence things may move a bit slower than we would like. Don't know if it'll be of any consequence, but FT's project engineer of 10 yrs, who's likely quite familiar with the NICO deposit, moved to Worley when he left, and now FT is negotiating the Alberta Refinery site with them and likely other services.
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