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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

Comment by Allmanon Oct 26, 2024 10:15am
148 Views
Post# 36283270

RE:RE:Tłı̨chǫ CEC Attend Strategic Mine Meetings in Australia

RE:RE:Tłı̨chǫ CEC Attend Strategic Mine Meetings in AustraliaOf course it's all sheer speculation that the Tlicho CEC have gone to meet with Rio Tinto, but then again, they do have a head office in Australia. Much has been mentioned on the board in the past about Fortune's stars aligning and this news potentially adds another star to the line, especially when considering:

- the Diavik mine closure next year will result in significant economic change and impact the employment of many Tlicho citizens
- The CEC of Tlicho Government is seeking solutions and has been invited to Australia by a large mining company to explore partnership opportunities in critical minerals
- Fortune has an established relationship with Rio Tinto
- the NICO project is the only advanced development near term critical minerals mine on Tlicho lands
- Fortune is seeking equity partners
- the Federal government now has a $5 billion Indigenous Loan Guarantee Program in place to facilitate Indigenous equity ownership in major projects in the natural resource and energy sectors

While it's still speculative, the available information suggests a favourable likelihood of aligning interests among all three parties.


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