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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 > US International Development Finance Corporation mulling
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Post by Allmanon Dec 10, 2024 12:17pm
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Post# 36354843

US International Development Finance Corporation mulling

US International Development Finance Corporation mulling"The US International Development Finance Corporation is mulling over whether they should provide a loan of up to $550 million dollars to develop a nickel and cobalt mine in Brazil ... The project is set to produce 27,000 metric tons of nickel and 900 metric tons of cobalt a year" ... now that's a significant amount of critical minerals but, hey! what about Fortune Minerals ~2,000 metric tons of cobalt and ~2,000 metric tons of bismuth per year - now that's highly significant amount and in the US' backyard - hello US International Development Finance Corporation.

https://www.miningweekly.com/article/us-mulls-backing-brazilian-nickel-plant-with-up-to-550-million-2024-12-10


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