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Fortune Minerals Limited Stock AnalysisComprehensive stock analysis for Fortune Minerals Limited (FT.TO) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisFT.TO
FT.TO
Fortune Minerals Limited
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
FT.TO
Home🔹Stocks🔹Fortune Minerals Limited

Fortune Minerals Limited

FRC Coverage
🇨🇦FT.TO•TSX

Fortune Minerals Limited

FRC Coverage
🇨🇦FT.TO•TSX
Sentiment

Your view on FT.TO

Sentiment
Your view
FT.TO
Fortune Minerals Limited
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
FT.TO
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Fortune Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

About Fortune Minerals Limited

Industry
Other Precious Metals
Sector
Basic Materials
CEO
Robin Ellis Goad
Headquarters
617 Wellington Street, London, ON, CA
Industry
Other Precious Metals
Sector
Basic Materials
CEO
Robin Ellis Goad
Headquarters
617 Wellington Street, London, ON, CA
Description

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits.

Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories and Lamont County consists of 76.78 acres located in Alberta site and facilities.

The company also holds 100% interest in Sue-Dianne covering an area of 451 hectares; and Salkeld Lake Property that covers an area of 116 hectares located in the Northwest Territories. Fortune Minerals Limited was incorporated in 1988 and is headquartered in London, Canada.

FRC Research
Buy
Fair Value Estimate
CAD$0.63

Entering a Key Phase Amid Critical Metals Momentum

Report · May 21, 2026

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FRC Research
Buy
Fair Value Estimate
CAD$0.63

Entering a Key Phase Amid Critical Metals Momentum

Report · May 21, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Fortune Minerals Limited, and the rating behind it. FT.TO last traded at C$0.14; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Fortune Minerals Limited. Starting points for Fortune Minerals Limited: EPS -C$0.01, beta -0.27 — an Other Precious Metals name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Fortune Minerals Limited. Fortune Minerals Limited does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Fortune Minerals Limited. Trailing twelve-month EPS for Fortune Minerals Limited stands at -C$0.01. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Fortune Minerals Limited. Fortune Minerals Limited has reported as a listed company since 1998. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Fortune Minerals Limited valued side by side against its closest peers. Fortune Minerals Limited is measured against Other Precious Metals peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Fortune Minerals Limited, and how their positions are changing. At a C$95.2M market value, institutional positions materially move Fortune Minerals Limited's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Fortune Minerals Limited executives and directors. Shares of Fortune Minerals Limited have traded between C$0.04 and C$0.12 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Fortune Minerals Limited. Fortune Minerals Limited is a C$95.2M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Fortune Minerals Limited. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Fortune Minerals Limited. Coverage tracks Fortune Minerals Limited within Other Precious Metals (Basic Materials). Press releases and market coverage, newest first.

Peer companies

  • AMY.V — RecycLiCo Battery Materials Inc.
  • AVL.TO — Avalon Advanced Materials Inc.
  • ESK.V — Eskay Mining Corp.
  • MAXX.CN — Max Power Mining Corp.
  • MD.V — Midland Exploration Inc.
  • NKG.V — Nevada King Gold Corp.
  • NMI.V — Namibia Critical Metals Inc.
  • PGZ.V — Pan Global Resources Inc.

More Other Precious Metals companies

  • ARU.AX — Arafura Rare Earths Limited
  • ARU.V — Aurania Resources Ltd.
  • AS2.AX — Askari Metals Limited
  • ASDZF — Arctic Star Exploration Corp.
  • ASLRF — Alien Metals Ltd
  • ASM — Avino Silver & Gold Mines Ltd.
  • ASM.AX — Australian Strategic Materials Ltd
  • ASM.TO — Avino Silver & Gold Mines Ltd.
  • ASMMF — Australian Strategic Materials Ltd
  • ASTR.V — Astra Exploration Inc.
  • ATCMF — Atico Mining Corporation
  • ATEPF — Astra Exploration Inc.

Research Reports

4 reports

*Fortune Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

May 21, 2026

Entering a Key Phase Amid Critical Metals Momentum

Fortune Minerals Limited is updating its NICO project feasibility study, targeting completion in July 2026, amid critical minerals momentum.

Thumbnail for Entering a Key Phase Amid Critical Metals Momentum
Mar 28, 2025

Trump's Tariff Threats Boost Urgency for Domestic Critical Minerals

Fortune Minerals (TSX: FT) NICO project taps cobalt, bismuth, gold demand amid Trump tariffs. $17M funded in 2024, it aims to cut China reliance for EVs

Thumbnail for Trump's Tariff Threats Boost Urgency for Domestic Critical Minerals
May 28, 2024

U.S. and Canadian Government Funding Likely to Spark M&A Interest

FT is up 200% since our previous report in November 2023. The company has secured grants totaling $16.2M from the U.S. Department of Defense, and the...

Thumbnail for U.S. and Canadian Government Funding Likely to Spark M&A Interest
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4 reports
Nov 1, 2023

Collaborating With Rio Tinto/Advancing Financing Initiatives

PDF
Sep 22, 2021

A Unique Combo of Cobalt and Gold

PDF
Jan 26, 2017

Retains PwC to Secure Project Financing

PDF
Oct 12, 2016

A Unique Opportunity in Cobalt and Gold - Initiating Coverage

PDF
13 notes

*Fortune Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

Jun 29, 2026·2 months agoLatest
Company Announcement

Secures Up to $50M in Federal Funding

FRC Analyst's Comment

In a key milestone for FT's NICO project in the Northwest Territories (NWT), FT and the Tłı̨chǫ Government (the Indigenous government whose lands host the NICO project) have received conditional approval for up to $50M in non-dilutive federal funding. The funding covers 75% of the CAPEX to build a 51 km access road. We note that the road is essential for year-round access to the mine, supporting construction, operations, and concentrate transportation.

The funding lowers FT's capital requirements and further demonstrates strong government support for NICO.The project has already secured backing from multiple Canadian and U.S. government programs, reinforcing confidence in its long-term development.

NICO hosts North America's largest primary cobalt deposit, the world's largest bismuth deposit, and 1.1 Moz of gold. Cobalt, bismuth, and copper are all designated as critical minerals in Canada, the U.S., and the EU.

Jun 29, 20262 months agoLatest
May 4, 2026·4 months ago
Company Announcement

Refinancing and government funding applications

FRC Analyst's Comment

Fortune Minerals is refinancing $12M in maturing debt, by drawing $10M in new convertible securities with Lind Global Fund III, an institutional fund manager. The $8M in principal repayment is covered through the convertible, while $4M in interest is being settled by issuing 36M shares. This structure replaces near-term debt, with a hybrid equity-linked facility, which we note can be less restrictive than traditional debt. It also signals institutional participation, and confidence in FT’s outlook.

The company has also submitted applications for government support, including up to $50M from Canada’s Critical Minerals Infrastructure Fund for an access road in the Northwest Territories, and a U.S. defense-related program aimed at strengthening bismuth supply chain security. These follow $17M in prior combined U.S. and Canadian government funding commitments. Given the project has already received government support, we believe the current applications may have a relatively stronger chance of approval, though outcomes are not guaranteed.

The NICO project is a vertically integrated critical minerals asset, targeting production of bismuth, cobalt, copper, and gold. Recent developments have coincided with increased market attention, with FT up 41% over the past month. A more detailed update report will be released shortly, including an updated fair value estimate.

May 4, 20264 months ago
Jan 26, 2026·7 months ago
Company Announcement

Positive results from its NICO cobalt-gold-bismuth-copper project in the NWT and Alberta

FRC Analyst's Comment

Recent tests confirmed that the NICO project can produce high-quality cobalt sulphate, a type of cobalt used in lithium-ion batteries for EVs and phones, with good metal recovery. Higher-quality cobalt usually sells for more, and high recovery rates mean the project could potentially produce more at lower cost. Management is focused on moving NICO toward a construction decision, securing financing, and arranging future buyers (offtake). The project hosts North America’s largest primary cobalt deposit, the world’s largest bismuth deposit, and a significant gold resource.

Jan 26, 20267 months ago
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News

Latest Market News