Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > BALABCE SHEET TREATMENT Of JFSL Property Deposit
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(867)
•••
Post by ztransforms173on Aug 13, 2024 3:52pm
663 Views
Post# 36177202

BALABCE SHEET TREATMENT Of JFSL Property Deposit

BALABCE SHEET TREATMENT Of JFSL Property Deposit- Deposits on capital assets [note 4i] 1,437,500
under ASSETS


Subsequent to June 30, 2024, Fortune has been in negotiations with JFSL Field Services LLC to structure a new option agreement to purchase the brownfield site in Lamont County, Alberta for the NICO Project hydrometallurgical refinery after the earlier agreement from January 2022 expired [the “2022 Option”]. The Company has negotiated an agreement in principle with JFSL [the “2024 Option”], subject to approval of minor amendments and execution of the final agreement. Fortune will provide further information on the 2024 Option terms after this agreement has been executed. As at June 30 2024, the Company has made a total of $1,437,500 [December 31, 2023 - $355,000] in payments as part of the 2022 Option agreement.
 
***
z173
 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities