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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 > Canada Must Spend More to Erode China’s CM Dominance
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Post by Allmanon Oct 10, 2024 5:41pm
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Post# 36261801

Canada Must Spend More to Erode China’s CM Dominance

Canada Must Spend More to Erode China’s CM DominanceTeck's CEO was shaking the cage a bit in Ottawa today - he gave a great comparison to current situation; “Support for car and battery plants, absent support for the mines needed to support them, is like starting a farm-to-table restaurant — without bothering to plant the farm.”  See attached article -Fortune Minerals mentioned not only in this BNN piece, but also Globe and Mail - the more visibility, the better.

https://www.bnnbloomberg.ca/business/2024/10/10/teck-ceo-says-canada-must-spend-more-to-erode-chinas-critical-minerals-dominance/
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