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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 > IT 'APPEARS' That FT Has NEGOTIATED a NEW 2024 JFSL OPTION !
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Post by ztransforms173on Aug 13, 2024 4:17pm
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Post# 36177270

IT 'APPEARS' That FT Has NEGOTIATED a NEW 2024 JFSL OPTION !

IT 'APPEARS' That FT Has NEGOTIATED a NEW 2024 JFSL OPTION !- so FT will NOT REALLY ACQUIRE the JFSL property site but WILL EXECUTE a NEW OPTION [the 2024 OPTION} with some NEW AMENDMENTS

- this MAKES MORE SENSE as Fortune Minerals PRESENTLY does NOT HAVE the CAPITAL to BUY the PROPERTY OUTRIGHT

- they NEED the LIND CD CASH to PAY SGS and other SERVICE PROVIDERS in ORDER to GET the CASH REBATED by the GOVERNMENT GRANT MONIES when they SHOW that these PERMITTED EXPENSES INVOICES are PAID IN FULL

- the TITLE TRANSFER will TAKE PLACE when
FT SUCCESSFULLY COMPLETES the NICO PROJECT CONSTRUCTION FINANCING

z173

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