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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 > EXIM bank launches CM initiative to reduce reliance on China
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Comment by Allmanon Jan 11, 2025 9:38am
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Post# 36399316

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:EXIM bank launches CM initiative to reduce reliance on China

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:EXIM bank launches CM initiative to reduce reliance on ChinaThis new US EXIM Bank Critical Mineral Supply Chain Resiliency Initiative has the potential in being transformational for Fortune Minerals. It might be the impetus that greases the financing wheel for Fortune Minerals or another miner interested in developing NICO, especially when combined with other financing, such as from the Canada Critical Minerals Infrastructure Fund. There's precedent financing arrangements involving Rio Tinto, EXIM Bank and the Canadian Government, namely the Oyu Tolgoi mine where the EXIM Bank alone provided a $500 million loan for development purposes. Over the last few years, the macroenvironment winds have totally shifted and are continually improving in Fortune Minerals favour and now to the point were 2025 is likely the year where finally Robin's vision is manifested.
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