The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
FT: TSX
President and CEO: Robin E. Goad
Vice President, Finance & CFO: Julian Kemp
Vice President, Operations: Tom Rinaldi
Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of advanced exploration and development projects, all located in Canada.
The company's projects include the Mount Klappan anthracite coal deposits located 150 kilometers, or 97 miles, northeast of the port of Stewart in British Columbia; the NICO gold-cobalt-bismuth-copper deposit, located 160 kilometers, or 100 miles, northwest of the City of Yellowknife in the southern part of the Northwest Territories; the Sue-Dianne copper-silver deposit located only 25 kilometers, or 16 miles, north of Fortune's NICO deposit; and other base-and precious-metals exploration projects in the Northwest Territories.
Fortune Minerals also owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ont., which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.
Cash and short-term deposits: ~ C$7 million (at Q1 2009) + C$4.2 million (May Private Placement)
Working capital: C$6,492,241 (at Dec. 31, 2008)
Market Capitalization: ~C$40 million
140 Fullarton St., Suite 1902
London, Ontario N6A 5P2
Tel: 519-858-8188
Fax: 519-858-8155
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