Fortune Minerals Ltd - Company Profile
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Fortune Minerals Ltd (Fortune) is a mining exploration company. It acquires, develops, explores, mines and reclaims resource properties. The company produces gold, silver, cobalt, bismuth, copper, and coal. Key assets of the company include the NICO deposit, the Sue-Dianne deposit, and Salkeld Lake. The NICO project produces cobalt chemicals that are used for manufacturing rechargeable batteries which are utilized in portable electronics, electric vehicles and other stationary power storage applications. The Saskatchewan mine produces copper precipitate, gold ore, and bismuth ingots products which are used in medical products and automotive sectors. The company along with POSCO operates The Arctos Anthracite Joint Venture and holds 1% net smelter royalty in Camsell River NSR. It also holds interests in the Salkeld lake project. Fortune is headquartered in London, Ontario, Canada.
Headquarters
Canada
Address
617 Wellington Street, London, Ontario, N6A3R6
Website
www.fortuneminerals.com
Telephone
1 519 8588188
No of Employees
3
Industry
Metals and Mining
Ticker Symbol & Exchange
FT (TSE)
EPS
XYZ
Net Income (2022)
XYZ
-1266.2%
(2022 vs 2021)
Market Cap*
$14.6M
* As of and is in US$
Fortune Minerals Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Gold | Mining |
| Cobalt | Exploration |
| Bismuth | Processing of Metals |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to acquire the JFSL Field Services brownfield industrial site in Lamont County, Alberta, Canada. |
| 2023 | Contracts/Agreements | In September, the company and Rio Tintoare announced colligation for development new technology, which help to Expand North American Critical Minerals Production. |
| 2023 | Contracts/Agreements | In July, the company entered into an agreement to acquire Jfsl Alberta Refinery site for the Nico Critical Minerals project. |
Competitor Comparison
| Key Parameters | Fortune Minerals Ltd | Caledonia Mining Corp Plc | Altius Minerals Corp | Dominion Lending Centres Inc | Alexco Resource Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | United Kingdom | Canada | Canada | Canada |
| City | London | Saint Helier | St. Johns | Port Coquitlam | Vancouver |
| State/Province | Ontario | Jersey | Newfoundland and Labrador | British Columbia | British Columbia |
| No. of Employees | 3 | 1,949 | 19 | 158 | 187 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mahendra Naik | Chairman | Executive Board | - | - |
| Robin E. Goad | Director; Chief Executive Officer; President | Executive Board | - | - |
| Troy D. Nazarewicz | Investor Relations Manager | Senior Management | - | - |
| Richard P. Schryer | Vice President - Regulatory and Environmental Affairs | Senior Management | - | - |
| David A. Knight | Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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