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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Fortune Minerals Announces Government Funding
View:
Comment by Tuckerthefox on Dec 05, 2023 9:34am
OMG
Comment by Jim1712 on Dec 05, 2023 9:38am
We live ! Jim 
Comment by AbuBaba on Dec 05, 2023 11:22am
Loan Extensions: Fortune is also pleased to announce that it has entered into agreements with the holders of its outstanding Debentures originally issued in 2015, a term loan received in 2021 and a bridge loan of $110,000 advanced in October 2023 (collectively, the "Debt"), extending the respective maturity dates of the Debt until December 31, 2024. The aggregate amount of Debt being ...more  
Comment by ztransforms173 on Dec 05, 2023 9:48am
-as FAR as I can TELL, this is about 75% of the REQUIRED FUNDING for the SMALL SCALE pilot plant metal refinery (?)  - so they will have to COME UP with $ 300,000 of NEW FINDING (?) - it is GREAT that the CREDITORS EXTENDED the MATURITY of debentures and loans by ONE YEAR - the NEXT NEEDLE TO MOVE is the government funding of a NEW and UPDATED FEASIBILITY STUDY taking into ...more  
Comment by ztransforms173 on Dec 05, 2023 9:51am
better now: - so they will have to COME UP with $ 300,000 of NEW FUNDING (?) z173
Comment by Allman on Dec 05, 2023 9:59am
If I had to guess, perhaps Rio will be contributing some funds; maybe they've been waiting to see how much the government would contribute.
Comment by Tuckerthefox on Dec 05, 2023 9:59am
The Fed's have money in this project now. Not to worry Funding will Come. We have another year to get this moving.  This looks like it's money for the Metallurgical testing with RT. Nice one Robin. TTF
Fortune Minerals Ltd