FTMDF - Fortune Minerals Limited

Other OTC - Other OTC Delayed Price. Currency in USD
+0.0019 (+3.16%)
At close: 3:16PM EDT
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Previous Close0.0602
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0621 - 0.0713
52 Week Range0.0500 - 0.1100
Avg. Volume42,500
Market Cap21.237M
Beta (3Y Monthly)2.25
PE Ratio (TTM)10.35
EPS (TTM)0.0060
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Business Wire

    Fortune Minerals Announces New Discovery at NICO

    Fortune Minerals Limited (FT.TO) (FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to report the discovery of a new zone of copper mineralization at its 100% owned NICO cobalt-gold-bismuth-copper project (“NICO Project”), located 160 km northwest of Yellowknife, Northwest Territories, Canada. The new zone was identified in bedrock exposed in a pit excavated last spring to provide aggregate for road work and is located 1.6 km southeast along the projection of strike from the main NICO deposit. The new zone is located on the periphery of previously identified coincident magnetic, gravity and electrical resistivity geophysical anomalies at Peanut Lake that are similar to the ones associated with the main NICO deposit.

  • Business Wire

    Fortune Minerals Announces Results of Annual General Meeting of Shareholders

    Fortune Minerals Limited reports that the nominees listed in the management information circular for the 2019 Annual General Meeting of shareholders held on June 25, 2019 were elected as directors of Fortune.

  • CNW Group

    Fortune Minerals Provides Nico Project Technical Report Update

    LONDON, ON , June 6, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to provide a progress report on the study nearing completion by Hatch Ltd. ("Hatch"), P&E Mining Consultants Inc. ("P&E") and Micon International Limited ("Micon") updating the 2014 National Instrument 43-101 Technical Report on the NICO Project Feasibility Study ("Technical Report"). The updated Technical Report is assessing the economics of four different development scenarios for the Company's 100% owned NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project"), including a vertically integrated project with a refinery in southern Canada as originally contemplated as well as lower capital cost options that involve selling gold and concentrates from the mine site in the Northwest Territories .

  • CNW Group

    Fortune Minerals confirms gold recovery from NICO concentrates

    LONDON, ON , May 3, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that it has completed a metallurgical test work program verifying that gold can be recovered from its cobalt and bismuth flotation concentrates at the proposed NICO mine site in the Northwest Territories . The base case development plan for NICO  is a vertically integrated project including a downstream refinery that was planned in Saskatchewan and where the gold would be recovered by cyanide leach of the autoclave process residues. The recent tests have indicated good gold recoveries can also be achieved from the cobalt and bismuth concentrates that would be produced at the mine site and enables the Company to sell concentrates without significant reduction of gold revenues.

  • CNW Group

    Fortune Minerals Completes Option Agreement to Purchase Alternative Site for Proposed Metal Processing Refinery

    LONDON, ON , April 23, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) has entered into an option to purchase an alternative site to construct the proposed hydrometallurgical refinery that would process metal concentrates from the Company's planned NICO Cobalt-Gold-Bismuth-Copper Mine in the Northwest Territories . The Company will advance the municipal approvals required to develop the lands that are now under option while also evaluating the merits of these other properties, and will then select the best option for progressing the NICO project. Fortune is also completing an updated Technical Report for the NICO Project, which includes a lower capital cost start-up scenario of selling metal concentrates directly from the mine to defer construction of a refinery as an alternative to the vertically integrated development scenario.

  • CNW Group

    Rural Municipality of Corman Park rejects plant site rezoning

    LONDON, ON , March 26, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) reports that the Rural Municipality of Corman Park ("Corman Park") has rejected the Company's application to change the zoning of its lands near the town of Langham, Saskatchewan from "Agriculture" to "M2 Rural Industrial". The rezoning is required to construct and operate a hydrometallurgical facility to process metal concentrates from the Company's planned NICO Cobalt-Gold-Bismuth-Copper mine in the Northwest Territories to cobalt battery materials, gold, and bismuth for the growing green economy.

  • CNW Group

    Northwest Territories Government Signs Contract to Construct Tlicho Road

    LONDON, ON , Feb. 14, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that the Government of the Northwest Territories ("GNWT") has announced that it has signed the agreement with North Star Infrastructure GP (" North Star ") to construct the Tlicho All-Season Road ("Tlicho Road") to the community of Whati, Northwest Territories . Whati is located 50 kilometres south of Fortune's proposed NICO Cobalt-Gold-Bismuth-Copper mine ("NICO Project"). As part of its proposed development, Fortune plans to construct a spur road to connect with the Tlicho Road in order to enable concentrates produced from the mine to be transported south for processing to value added products.

  • CNW Group

    Fortune Announces Socio-Economic Agreement Completed with the Government of the Northwest Territories

    LONDON, ON , Jan. 30, 2019 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has entered into a Socio-Economic Agreement with the Government of the Northwest Territories ("GNWT") for the proposed NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") in Canada . The agreement formalizes GNWT and Fortune objectives to maximize northern and Indigenous employment, training, business opportunities, and education to benefit residents of the Northwest Territories ("NWT"). The NICO Project is a primary cobalt asset that also contains more than a million ounces of gold and approximately 12% of global bismuth reserves.

  • CNW Group

    Fortune Reports Northwest Territories Government Selection of Proponent to Construct Tlicho Road

    LONDON, ON , Nov. 15, 2018 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that Government of the Northwest Territories ("GNWT") Finance Minister, Robert C. McLeod , has announced that North Star Infrastructure has been selected as the Preferred Proponent to fund, construct, operate and maintain the Tlicho All-Season Road ("Tlicho Road"), pursuant to the Request for Proposal for the project (see GNWT November 13, 2018 news release). North Star Infrastructure is a consortium comprised of Kiewit Canada Development Corporation and Peter Kiewit and Sons (Equity Provider, Design-Builder and Service Provider), and Hatch Corporation and Thurber Engineering Ltd. (Design Team Members). The GNWT and North Star Infrastructure are finalizing the project agreement and construction is anticipated to begin in the fall of 2019.

  • CNW Group

    Fortune Reports Federal, Northwest Territories and Tłįchǫ Government Approvals for the Tłįchǫ All-Season Road

    LONDON, ON , Oct. 30, 2018 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to report that the Responsible Ministers of the Governments of Canada and the Northwest Territories ("GNWT") have accepted the environmental assessment approval for the Tłı̨chǫ All-Season Road ("Tłı̨chǫ Road") incorporating the modified measures developed together with the Tłı̨chǫ Government through the consult to modify process with the Mackenzie Valley Environmental Impact Review Board (the "Board"). The Tłı̨chǫ Government also approved the Board's recommendation with modifications.

  • CNW Group

    Fortune Announces NICO Community Education Programs

    LONDON, ON , Oct. 4, 2018 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces two community sponsorship initiatives to support education in the Northwest Territories ("NWT") as it advances its NICO Cobalt-Gold-Bismuth-Copper project toward construction. Fortune is pleased to be a co-sponsor, together with the NWT government, and other industry, community and education partners, in delivering the Prospectors and Developers Association of Canada ("PDAC") Mining Matters program to elementary schools in the NWT. The Company is also announcing funding for two educational awards for Tlicho students to participate in post-secondary studies in programs related to the resource industry.

  • CNW Group

    Fortune Announces Successful Tests to Produce Upgraded and Clean Cobalt Concentrate From the Nico Project

    LONDON, ON , Sept. 17, 2018 /CNW/ - Fortune Minerals Limited (FT.TO) (FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has received successful results of metallurgical test work verifying that it can produce an upgraded and essentially arsenic-free cobalt concentrate for the NICO Cobalt-Gold-Bismuth-Copper development in Canada ("NICO Project"). Gold can also be recovered by Fortune from its metal concentrates at the mine site allowing the Company to control the gold revenue stream, while producing separate cobalt and bismuth concentrates for sale to third party processors after arsenic that is typically penalized is removed.

  • What You Must Know About Fortune Minerals Limited’s (TSE:FT) Financial Strength
    Simply Wall St.

    What You Must Know About Fortune Minerals Limited’s (TSE:FT) Financial Strength

    Fortune Minerals Limited (TSE:FT) is a small-cap stock with a market capitalization of CA$37.2m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...