Fortune Minerals Ltd T.FT

News out.

[Jim1712]

Alberta Refinery site purchase option extended to mid-May

LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario. These ores will be used to conduct additional metallurgical testing and pilot work to validate recent optimizations and support detailed engineering and an updated Feasibility Study for the vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals project in Canada (“NICO Project”). Intermediate test products produced from NICO Project ores and concentrates will also be blended with metal precipitates sourced from Rio Tinto’s Kennecott Smelter in Utah to assess the feasibility of processing these materials to recover additional bismuth and cobalt at Fortune’s planned hydrometallurgical refinery in Alberta (“Alberta Refinery”). Successful validation of the Fortune optimizations and processing of Rio Tinto precipitates would increase Critical Mineral production and revenues and reduce waste disposal costs for the planned Alberta Refinery.

[Allman]

Some positive news and statements ... provides clarity that SGS will test NICO ore process optimizations and Kennecott precipitates eludes to NICO gold advantage especially with rising gold price refinery extension to May 15 (more government funding by then?) NICO bismuth exempt from US 25% tarrif

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- DON'T FORGET the 18 MONTHS CONSTRUCTION LAG AFTER PURCHASE of the JFSL site Fortune has also secured an additional extension to the purchase option it has with JFSL Field Services ULC (“JFSL”) to acquire its brownfield industrial site in Lamont County, Alberta where it plans to construct the Alberta Refinery (see news release dated January 24, 2022). This 77-acre site has 42,000 square

[Tuckerthefox]

How long have they been making payments? 3 years perhaps.  That's 540k in payments. TTF

[Freedom2022]

Happy Happy ,, Nice to see the mention the use of a Helicopte to get samples to a truck,, shows there serious about getting things going!  im suprised of only 1 month ext , I do believe This! deadline , is a serious and telling sign that Fed/partner offering will be enough to pay for ALTA to begin,,Cheers!

[Freedom2022]

Just picked up 10,000 more,, i expect bad news any minute now,, lmao,, just kidding , who else is showing Faith! in this Company?  Me 170,000 at .22c ,,  500 million outstansing FT  what are my odds of making $$$  ,,  we shall see,, cheers!

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$ 15,000.00 MONTHLY PAYMENTS by FT to PRESERVE JFSL PROPERTY ACQUISITION OPTION: START: August 1, 2022 {FIRST DAY OF MONTH AFTER EXPIRY DATE: July 24, 2022} FINISH: March 1, 2024 * it 'APPEARS' that Fortune Minerals HAS DISCONTINUED the $ 15,000.00 MONTHLY FEE for a NO FEE USE of the JFSL SITE by the PRESENT JFSL OWNER for 18 MONTHS after the EFFECTIVE PURCHASE DATE  Fortune