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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 and NWT to Make CMs Infrastructure Announcement
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Comment by Allmanon Nov 09, 2024 11:55am
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Post# 36304673

RE:Canada and NWT to Make CMs Infrastructure Announcement

RE:Canada and NWT to Make CMs Infrastructure AnnouncementPerhaps the Taltson hydro expansion project will finally get a go-ahead ... 

With a commitment of assistance by the federal government, the NWT’s proposed Taltson hydro-expansion project would connect 10 NWT communities and over 70% of the NWT population to one hydro grid. This transformative infrastructure would support Canada’s net zero objectives by electrifying communities and providing access to clean energy for the NWT’s mining industry. Furthermore, the introduction and building of new infrastructure, including a single hydro grid, roads, and railways, will stabilize the cost of energy in communities, reduce transportation and industrial emissions and lower the costs for exploration and development going forward, and the cost of living for residents. (p 12)

Priorities for Critical Minerals in the NWT  https://www.ntlegislativeassembly.ca/sites/default/files/legacy/td1030-192_-_iti_-_priorities_for_critical_minerals_in_the_northwest_territories_-_an_overview.pdf
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