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Last C$0.09 CAD
Change Today +0.005 / 6.25%
Volume 18.8K
As of 1:36 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

fortune minerals ltd (FT) Snapshot

Previous Close
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52 Week High
07/30/14 - C$0.42
52 Week Low
03/20/15 - C$0.07
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Current Stock Chart for FORTUNE MINERALS LTD (FT)

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fortune minerals ltd (FT) Details

Fortune Minerals Limited, together with its subsidiaries, engages in the exploration and development of coal, specialty metals, base metals, and precious metals in Canada and the United States. The company explores for silver, gold, lead, zinc, cobalt, bismuth, and copper deposits. Its primarily owns 100% interest in the NICO gold-cobalt-bismuth-copper project located in the Northwest Territories; and 80% interest in the Arctos Anthracit property comprising approximately 16,411 hectares of coal exploration and development licenses located in northwestern British Columbia, Canada. Fortune Minerals Limited was founded in 1988 and is headquartered in London, Canada.

157 Employees
Last Reported Date: 04/1/15
Founded in 1988

fortune minerals ltd (FT) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$319.4K
Chief Operating Officer and Vice President of...
Total Annual Compensation: C$298.0K
Compensation as of Fiscal Year 2014.

fortune minerals ltd (FT) Key Developments

Fortune Minerals Ltd. Auditor Raises 'Going Concern' Doubt

Fortune Minerals Ltd. filed its Annual on Apr 01, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Fortune Minerals Ltd. Closes $4 Million Financing from Lascaux Resource Capital Fund LP

Fortune Minerals Limited announced that it has closed an additional $4 million financing from Lascaux Resource Capital Fund LP to provide working capital for the Revenue Silver Mine in southwest Colorado, U.S.A. Lascaux provided $35 million to Fortune in October 2014 to finance the acquisition of the RSM under a metal prepay facility. Additional working capital totaling $12 million was provided by Lascaux in December 2014 and February 2015 that was also structured as a metal prepay facility. The company's metal delivery obligations under the original prepay facility and additional working capital facilities have been restructured but the applicable interest rates remain the same under an amended agreement with Lascaux.

Fortune Minerals Ltd. Presents at Mines and Money Hong Kong, Mar-25-2015 09:10 AM

Fortune Minerals Ltd. Presents at Mines and Money Hong Kong, Mar-25-2015 09:10 AM. Venue: Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wanchai, Hong Kong, Hong Kong. Speakers: Grant Chen, Director.


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