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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 > Partner investor….
View:
Post by red on May 30, 2024 8:41am

Partner investor….

Gutsy comment by RG below ...the tide has shifted, stars aligned, boxes checked, glove fits all like never before certainly not in the last decade ( lil ole FT was a 6.00 stock at one time way back) ....could be that RG is referring to Honda,  who has a great NA position, a huge following here in NA, is looking to make sure it is not left out by investing in canada and align it self with Canadain and USA government to help get this off this BM CM project off the ground and have a secure source of NA BMs...
 

Fortune Minerals (TSX:FT,OTCQB:FTMDF) will be working to secure strategic partners to invest in the NICO project following recent funding from the US and Canadian governments totaling C16.2 million to advance the cobalt-gold-bismuth-copper project to production, CEO and President Robin Goad told the Investing News Network. 

“So the financing plan for our asset, after we complete all the engineering and permitting work that's being covered by the US and Canadian governments, is to seek the project financing, which would probably be a combination of debt, but also equity. And the equity would be primarily related to strategic partnerships with a user,” said Goad.

If somebody, like a car company or a battery company or a private equity company, wants access to the raw materials that we're going to produce, we want to see some money invested in the project."

 

Comment by red on May 30, 2024 8:45am
See the whole thing  https://youtube.com/watch?v=Cvu9z6xjJ2A&si=59t7LMAUduJIoGOG
Comment by red on May 30, 2024 9:50am
I have said before and will say again ... I would put RG up against any other CEO on BMs CMs on project technicals and other issues - it's a great to watch  Also note he understands the Alberta situation and I think tell tale to possible AB increased involvement to come.  all around great job and so glad to see him out there speaking to investors - he is making the time to do ...more  
Comment by ztransforms173 on May 30, 2024 10:31am
- there is NOTHING NOVEL or NEW in this - FT CEO RG has EXPLICITLY STATED that Fortune Minerals is RESERVING ANY OFFTAKE AGREEMENTS for COBALT, GOLD and BISMUTH for STRATEGIC EQUITY INVESTORS in the company - this is to PREVENT FURTHER BLOWOUT DILUTION and ASSIGN SIGNIFICANT VALUE to the PRESENT SHAREHOLDERS [including himself] who have ALREADY PUMPED IN $ 182 million {NOT ADJUSTED to ...more  
Comment by red on May 30, 2024 10:48am
Really ? .....its about getting on the mind of and in the faces of investors, who may not do the reserach you do or have done - we need to continue with this that every canadian and others get in on the opportunity FT is going to bring to us.  we wait 
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