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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Will the Far North be left out of the critical minerals rush
View:
Post by Allman on Apr 27, 2022 7:41pm

Will the Far North be left out of the critical minerals rush

“When you look at all four of our critical mineral mines that are that are moving closer towards becoming mines — Nechalacho, NICO, Prairie Creek and Pine Point — the workforces that they are projecting to have all added up don’t equal the workforce at Diavik,” he told The Northern Miner, referring to projects being advanced by Vital Metals, Fortune Minerals, NorZinc and Osisko Metals. ...
And while the budget itself didn’t include any specific help for mining in the Far North, Federal Transport Minister Omar Alghabra was recently in Yellowknife promoting its contents. The minister’s visit seemed to signal that, when details of the spending outlined in the budget are released, they will benefit the north, where mining is a crucial part of the economy and has supported the growth of Indigenous businesses, expertise and employment. ...

“That’s something we’ve been doing for a long time up here in the North,“ Hoefer says. “We’ve got some phenomenal Indigenous companies that have grown up with diamond mining and are very successful as a result… That’s another reason why we would emphasize we need to get these four [N.W.T. critical mineral] projects to become mines.” ...
 

https://www.northernminer.com/news/will-the-far-north-be-left-out-of-the-critical-minerals-rush/1003841115/

Comment by Yellowknifer69 on Apr 27, 2022 8:59pm
Thanks for sharing Allman.  Tom Hoefer has been in the North for a long time and is a staunch advocate for mining projects.  Suffice to say getting projects off the ground has less to do with local desire than it has to do with being firmly in the sights of Ottawa. Who knows maybe things are different now given geopolitical issues. Yellowknifer
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