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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 > Reminder of approvals from 2019
View:
Post by red on Jun 25, 2024 12:33pm

Reminder of approvals from 2019

with millions of shares traded - we probably have several newbies - Just a reminder about some of the things FT has in the bag with notes on whats is needed ( IBA ) and  is TBD - goes back to Nov 2019  - bottom line Tlicho is on board 

https://bit.ly/33yxiv5

"The Tch Government has signed an Access Agreement to permit access to Fortune Minerals to the NICO cobalt-gold-bismuth-copper project (“NICO Project”) in Canada’s Northwest Territories. This is only one agreement, and another—the Impact Benefit Agreement—is still required.  Fortune’s rights to conduct the activities under the Access Agreement can only be exercised once the Impact Benefit Agreement has been concluded and signed.

The Access Agreement details the conditions under which Fortune can build and operate the 51 km NICO Project Access Road on Tch-owned lands between the community of Whati and the company’s mineral leases. It also specifies the conditions for financial security for reclamation of the road that will be held by the Tch Government.

When it is completed, the Tch All-Season Road will provide a permanent, year-round road connection between Whati and the Territorial highway system to reduce the cost of living and improve the quality of life in this currently isolated community. The Tch All-Season Road, together with the NICO Project Access Road, will enable Fortune to truck metal concentrates from its proposed mine to the rail head at Hay River for delivery to a refinery and downstream processing to value added products."

Comment by red on Jun 25, 2024 12:43pm
and then there is this from the authority of jurisdiction showing bases covered  Fortune Minerals Limited - W2008L2-0004 | Wek'ezhii Land and Water Board (wlwb.ca) Status: Issued Authorization: Licence Activity: Mining and Milling Start: July 21, 2014 Expiry: July 21, 2026 This Licence entitles the Licensee to use water from ...more  
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