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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 > Processing facility valued at $350 million!
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Comment by redon Sep 23, 2024 8:08am
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Post# 36236009

RE:RE:RE:RE:Processing facility valued at $350 million!

RE:RE:RE:RE:Processing facility valued at $350 million!

Who knows.....in addition to the Nico mine, they could just as easily participate in the project in Lamont ! Would certainly be a long term income source ... who knows the discussions behind closed doors  regarding a long term participant agreement - obviously total speculation. 

RG presentation in Lamont could have been company news along with some update but again we miss the mark on keeping SH in the loop.

We wait 

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