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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
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Post by good7news7soonon Dec 10, 2024 12:14pm
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Post# 36354834

Alberta Refinery, now need to pay only 4m!

Alberta Refinery, now need to pay only 4m!Pursuant to the new option agreement, Fortune can acquire the Lamont County site from JFSL for C$6,000,000 prior to the end of November 2025, provided it makes monthly option payments of C$100,000. The monthly option payments and the C$1,437,500 previously paid by Fortune to JFSL, are deductible from the purchase price.
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