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Fortune Minerals Ltd FTMDF


Primary Symbol: T.FT

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 redon Oct 10, 2024 9:22am
181 Views
Post# 36260661

NWT Mineral act changes ….CBC North

NWT Mineral act changes ….CBC North

Interesting.....fear mongers can play this how they may like but the bottom line is that FN in the north recognise where there $$ and socio economic future is and much of that future is with mining
development. The significant concern by FN, of the loss of some diamond mines is tell tale but the life of those mines was also very known from the onset. 

new projects are needed and needed very quickly at the same time the standard for IBAs has been set and it works as is. What these change's could do is guarantee and be a catalyst to additional federal funding with FN participation in projects going forward as FN involvement will be entrenched. The GNWT has no money but the Feds do and I think this is a way to help secure Fed $$ thru to FN to help get projects going.

no question RGs thinking cap will be on as it may be a way to tap into new funds as he is all about any funding to keep the dream alive. 

no matter how we look at it Tlicho will be involved in this Nico project.....better honey with bees, embrace it and move on, imo 

we wait ....

 https://www.cbc.ca/player/play/9.6532075

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