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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 Oct 09, 2024 8:01am
220 Views
Post# 36259002

Potential FT stock price catalysts

Potential FT stock price catalystsIMO we likely won’t be seeing an updated feasibility study until Q2 2025. Before then, we may see SGS hydrometallurgical test results by Q4 2024, but more likely Q1 2025. That said, along the way there will always be the potential of unexpected stock prices catalysts, namely;

> Bismuth market demand increase – “The wildcard that we’re all hoping to see commercially developed over the next couple years is manganese bismuth magnets” – Robin Goad – video May 29, 2024
> Gold – further price increases
> Cobalt – price increases
> Cobalt Sulfate – refinery output increase (e.g. announcing specific imported intermediates)
> Rio Tinto investor participation
> Tlicho investor participation
> Other investor participation
> More Canadian government grants or funding
> More US government grants or funding
> NWT infrastructure announcements
> New government critical mineral policies e.g. guaranteed price floor
> Favourable hydrometallurgical test results and improved metal recoveries
> Junior mining stock sentiment change
> Buy-out
> Arctos license interest renewal

An updated feasibility study/technical report has been discussed since 2017 and it’s finally in the works and with financing to pay for it. Arguably we’re in the home stretch and this next year should prove to be one of the more fruitful ones for FT and its’ shareholders, so good luck all and stay patient.

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