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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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 good7news7soonon Dec 02, 2024 1:28pm
113 Views
Post# 36341081

7 Recom. for the New Admin. and Congress: Building U.S. CM!

7 Recom. for the New Admin. and Congress: Building U.S. CM!7 Recommendations for the New Administration and Congress: Building U.S. Critical Minerals Security
There are two actions that can significantly improve the DFC’s capacity to support minerals security interests. First, the White House’s Office of Budget Management should revise its rules to make it easier for the DFC to make equity investments in critical minerals projects..
Second, enabling the DFC to invest in high-income resource-rich countries is important. At present the DFC is unable to finance projects in high-income countries such as Chile and Canada, that could provide mineral inputs for vital industries. This can be addressed in the same way that Congress did during the last Trump administration to strengthen Europe’s energy security.
https://www.csis.org/analysis/seven-recommendations-new-administration-and-congress-building-us-critical-minerals

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