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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 redon Nov 09, 2024 1:03pm
124 Views
Post# 36304720

RE:RE:Canada and NWT to Make CMs Infrastructure Announcement

RE:RE:Canada and NWT to Make CMs Infrastructure AnnouncementThe current Talston project is at least a year behind, riddled with problems and needs $$ help now and of course expansion is needed. Pine point is a Critial project to the Hay river south slave and NWT, all need power from Talston, also A submarine cable ( under GSL) to YK ( which was out for study well over a year ago ) would take pressure off snare Hydro, Bluefish hydro and also aleviate the pressure on YK jackfish desiel driven generation system.

Pressure off snare and bluefish would be significant to FT and its needs ( with some infrastructure money too) and when YGT reactivates Con mine all this power will be paid for from three significant mines that could be near term and literally the NWT's only near term replacements for upcomming diamond mine project closures - whatever the powers ithat be nvolved they cannot act fast enough as they alreday have left this too long. 

but there is hope..... 
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