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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 > Next Steps!!
View:
Post by good7news7soon on Oct 16, 2024 5:35pm

Next Steps!!

Project Execution
  • Finalize Hydrometallurgical Plant site purchase
  • Complete updated Feasibility Study & FEED Engineering
  • Secure remaining permits & authorizations
  • Arrange Project Financing
  • 2-year construction for mine & concentrator
  • 18-month concurrent construction for Hydrometallurgical Plant
  • Production aligns with cobalt market demands
Project Financing Strategy
  • Strategic project equity partner(s)
  • Equity & commercial debt structure
  • Indicative interest from commercial banks, EDC, BDC & U.S. EXIM Bank
  • Federal & Provincial governments engaged to provide grants & low interest loans to reduce capital costs
https://s1.q4cdn.com/337451660/files/doc_presentations/2024/09/240925-fortune-minerals-nico-project-presentation.pdf
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