|Bid||0.0750 x 0|
|Ask||0.0800 x 0|
|Day's Range||0.0750 - 0.0800|
|52 Week Range||0.0400 - 0.1000|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that restrictions on travel imposed by the Northwest Territories Government for the Covid-19 pandemic have been eased, allowing work to resume on the Company’s 100% owned NICO Gold-Cobalt-Bismuth-Copper Project ("NICO Project"). The NICO Project, located 160 kilometres northwest of Yellowknife, contains an Iron Oxide Copper-Gold ("IOCG") type ore deposit with Proven and Probable Open Pit and Underground Mineral Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth and 27.2 million pounds of copper ("NICO Deposit"). With the price of gold above US$2,000 per ounce, gold now contributes more projected revenues than cobalt from the planned development, a distinct attribute that makes the NICO Project stand out relative to other global cobalt projects.
Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2020 Annual and Special Meeting of shareholders held on June 23, 2020 (the "Meeting") were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below:
Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is providing an update of cost saving measures it has taken to preserve working capital during the market uncertainty caused by the Coronavirus pandemic. Fortune continues to make progress with a number of NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") optimizations completed using internal resources to enhance project economics at prevailing metal prices. The Company is also pleased to report that construction of the Tlicho All-Season Road for the Government of the Northwest Territories has resumed.