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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 Allmanon Aug 30, 2024 10:19am
461 Views
Post# 36202698

Critical minerals from mine waste

Critical minerals from mine wasteHere's a SME paper discussing mine waste CM opportunities -  seems like there's much enterprise potential with this historically overlooked source and the US government is interested in helping exploit this. Interestingly, its fig 1 diagram indicates that host copper deposits contain more cobalt than bismuth. RIO has likely already characterized the concentrations and hence now are proceeding with FT process testing. I would imagine that potentially not only could their waste from current operations be a significant source of cobalt and bismuth, but also legacy waste. As well, RIOs Kennecott smelter appears to have historically processed not only ore from their Bingham Canyon mine, but from other US copper mines, so maybe other copper ore bodies waste could also be potential feedstock for FT down the road -  likely many possibilities for additional domestic bismuth and cobalt sourcing exist.

https://www.smenet.org/What-We-Do/Technical-Briefings/Critical-Minerals-Produced-from-Alternative-Resour
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