Fortune Minerals Ltd.

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Day Low:
0.270
Shares Outstanding (M):
111.00
Day High:
0.290
Market Cap ($ M):
$81.56
52 Week Low:
0.100
Operating Income ($ M):
$-3.81
52 Week High:
0.340
Cash ($ M):
$9.190
Volume:
779,996

Further Information

Ticker Symbol: TSX:FT
Website:
Yahoo Finance:
Address:
140 Fullarton Street, Suite 1902, London, Ontario, N6A 5P2, Canada

Company Description

Fortune Minerals Limited is a North American development stage mining company and past producer. Fortune is currently focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill in the Northwest Territories that will produce a bulk concentrate for shipment to a refinery that the Company plans to construct in Saskatchewan. The products that will be produced at the refinery include cobalt chemicals used to make high performance rechargeable batteries, bismuth metals and chemicals, as well as gold. With all of its assets located in North America, Fortune is positioned to become a reliable producer of these products that are critical to a growing world economy and otherwise subject to supply chain risks from political and/or policy uncertainty and concentration of supply.

Fortune also owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the Northwest Territories, and maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia that were previously purchased by a British Columbia Crown corporation.

 

VISION:

To be a recognized expert in developing, mining and processing precious and specialty minerals projects.

MISSION:

To profitably produce precious and specialty metals to meet the needs of our customers and partners by attracting and developing a superior team of people motivated to acquire, explore, develop, mine and reclaim resource properties in a safe and responsible manner.

VALUES:

  • For our Investors: We deliver on our promises and communicate in a timely, accurate and meaningful way to provide above average share price appreciation and the liquidity to crystalize returns.
  • For our Employees: We work as a team to achieve a common plan. We strive to empower people, provide current technology to use, develop and train people, and provide a reasonable work/life balance. We recognize achievement within our competitive compensation packages.
  • For our Customers: We operate in a socially and environmentally sound manner in politically stable countries to provide a reliable source of supply of competitively priced specialty metals and coal products needed by our customers.
  • For our Communities: We seek to understand cultural differences and other potential sensitivities to engage in beneficial co-operative relationships to provide for meaningful social development in education, health and positive economic impacts. We operate using fair business practices and strive to leave any impacted areas with a positive legacy and sustainable activities.
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