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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 good7news7soonon Aug 20, 2024 7:37pm
183 Views
Post# 36188946

FT is advancing with the government funding C$17 million!

FT is advancing with the government funding C$17 million!Fortune is also pleased to announce that Alex Mezei, M.Sc. P.Eng., has joined the Company as Chief Metallurgist. Mr Mezei will supervise the test work and process and design engineering for the NICO Project, which the Company is advancing with the recently announced government contribution funding totalling approximately C$17 million (see news releases dated May 16, 2024 and December 5, 2023). Mr. Mezei is a Chemical Engineer with a more than forty years of diverse experience in international process engineering, test and pilot work, and economic assessments for a broad range of commodities around the world. This includes 22 years at SGS Mineral Services (“ SGS ”) in Lakefield, Ontario where he was Director, Engineering Technology Services, Metallurgical Operations, and Senior Metallurgist and notably, where he supervised the hydrometallurgical work for the NICO Project.

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