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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Post by Tuckerthefoxon Aug 19, 2024 11:52am
142 Views
Post# 36186073

Property purchase Option Extended to Nov 2025

Property purchase Option Extended to Nov 2025 Well at least they have total flexibility to purchase, or decline, for whatever deal they work out with the potential Partner/ purchaser who may not require a refinery site. However any Alberta funds would hinge on a purchase I would think.

We have someone very big looking at this otherwise the land purchase would be done. Maybe someone waiting on test results from SGS.

TTF
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