Fortune Minerals Limited

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has secured an additional extension to the option to purchase the JFSL Field Services ULC (“JFSL”) brownfield site in Lamont County, Alberta (see news releases, dated January 24, 2022, July 14, 2022, and October 3, 2022). Fortune plans to construct a hydrometallurgical refinery at this site for its vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (“NICO Project”). The JFSL...

Toronto, Ontario--(Newsfile Corp. - December 19, 2022) - LRC-AUN LLP ("LRC") announces that it has acquired by way of settlement of a debenture, 73,500,000 common shares of Fortune Minerals Limited (TSX: FT) (the "Company") at a price of approximately $0.082 per share (the "Transaction"). This press release is to amend and restate the press release issued on December 15, 2022 to correct an error in the calculation of the percentage ownership.LRC's acquisition of the 73,500,000 common shares in the Transaction represents 15.99% of the issued and outstanding common shares of the Company. Since...

Toronto, Ontario--(Newsfile Corp. - December 16, 2022) - LRC-AUN LLP ("LRC") announces that it has acquired by way of settlement of a debenture, 73,500,000 common shares of Fortune Minerals Limited (TSX: FT) (the "Company") at a price of approximately $0.082 per share (the "Transaction").LRC's acquisition of the 73,500,000 common shares in the Transaction represents 19.3% of the issued and outstanding common shares of the Company. Since the Transaction, LRC currently beneficially owns 75,500,000 common shares, representing approximately 19.8% of the issued and outstanding common shares. I...