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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
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Post by good7news7soonon Aug 13, 2024 3:08pm
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Post# 36177107

Update on August’ 13th 2024

Update on August’ 13th 2024The proposed brownfield Alberta refinery site has the requisite planning approvals already in place and existing facilities, including 42,000 square feet of serviced shops and buildings to materially reduce capital costs for the refinery development. The Company has negotiated an agreement in principle to acquire this this site, subject to completion of amendments and execution of a definitive agreement, the terms for which will be disclosed when it has been executed.,
https://www.sedarplus.ca/csa-party/records/document.html?id=c2b79348664ce6842ee018df5fe466bf530e208b6972008d6d1e4a9f61ba0e46


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