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Home CompaniesFortune Minerals Limited

Fortune Minerals Limited

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.08 CAD 0.00(0%)
Last update at 2026-11-04T20:50:00Z
VOLUME
377335
Market Cap
66.86M

Momentum Score

…

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.

Source: TradingView
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Day Price Range
0.08
Low
0.09
High
52 Week Price Range
0.06
Low
0.13
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Fortune Minerals Limited is a Canadian mining company advancing the polymetallic NICO deposit in the Northwest Territories, targeting cobalt, gold, bismuth and copper. Long-term drivers include rising demand for battery and specialty metals and progress on permitting, engineering and project financing, which may appeal to investors seeking exposure to critical minerals in a domestic jurisdiction.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.08
Dividend Yield
-
Revenue TTM
0.11M
Revenue Per Share
-
Gross Profit TTM
0.11M
Debt / Equity
-1.77
ROE
-18.54%
Net Debt
15.54M
ROCE
22.92%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -4.52M -3.61M -2.85M -32.97M -2.41M
Net income -4.52M -3.61M -2.85M -61.70M -2.31M
Selling general administrative - 0.00M 0.85M 1.50M 1.17M
Selling and marketing expenses - 0.00M 0.09M - -
Gross profit -0.07M -0.07M -0.07M -0.06M -0.06M
Reconciled depreciation - 0.07M 0.07M 0.06M 0.06M
Ebit -2.25M -2.49M -1.55M -2.13M -0.95M
Ebitda -2.19M -2.43M -1.48M -2.07M -0.89M
Depreciation and amortization 0.07M 0.07M 0.07M 0.06M 0.06M
Operating income -2.25M -2.58M -1.67M -2.13M -0.95M
Other operating expenses 2.25M 2.58M 1.56M 2.14M 1.23M
Interest expense 1.20M 1.11M 1.30M 2.11M 1.57M
Interest income - 1.31M 0.01M 0.90M 1.46M
Net interest income - -0.89M -1.28M -2.10M -1.57M
Income tax expense - - -0.00M 28.73M -0.11M
Total revenue - 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.19M 2.51M 1.62M 2.08M 1.17M
Cost of revenue 0.07M 0.07M 0.07M 0.06M 0.06M
Total other income expense net -2.27M -1.03M -1.23M -30.84M -1.46M
Net income from continuing ops - -3.61M -2.85M -32.97M -2.41M
Net income applicable to common shares - -3.61M -2.85M -32.97M -2.41M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10.29M 4.82M 1.56M 46.45M 78.61M
Intangible assets - 0.00M 0.00M 0.01M 0.01M
Other current assets 0.14M - 0.06M 0.03M 0.09M
Total liab 20.32M 16.22M 10.02M 8.57M 14.75M
Total stockholder equity -10.03M -11.40M -8.46M 37.87M 63.86M
Other current liab 2.38M - 0.43M 0.24M 0.44M
Common stock 187.42M - 182.03M 180.53M 174.43M
Capital stock - 182.23M 182.03M 180.53M 174.43M
Retained earnings -215.88M -211.36M -207.75M -159.35M -126.38M
Other liab - - - - 1.22M
Other assets - - - 0.15M 0.15M
Cash 2.26M 1.59M 0.67M 0.08M 1.80M
Cash and equivalents - - - 0.08M 1.80M
Total current liabilities 20.13M 15.95M 9.72M 8.27M 11.91M
Current deferred revenue - - 0.20M - -
Net debt 15.54M 10.97M 8.78M 8.23M 11.28M
Short term debt 17.75M - 9.29M 8.03M 11.47M
Short long term debt - 12.57M 9.27M 7.98M 11.43M
Short long term debt total 17.80M - 9.46M 8.31M 13.08M
Other stockholder equity - - - - 16.17M
Property plant equipment - - - 46.05M 76.36M
Total current assets 3.93M 2.48M 0.76M 0.24M 2.09M
Net tangible assets - - - - 63.85M
Net receivables 1.53M 0.73M 0.03M 0.08M 0.19M
Long term debt - - - 0.06M 1.34M
Accounts payable - - -0.20M - 0.44M
Accumulated other comprehensive income 18.43M - 17.26M 16.69M 15.81M
Non currrent assets other - 0.20M 0.20M 0.15M 0.15M
Non current assets total 6.36M 2.34M 0.80M 46.21M 76.52M
Capital lease obligations - 0.17M 0.22M 0.27M 0.31M
Long term debt total - - - 0.28M 1.61M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -1.60M -0.19M -0.73M -1.37M
Change to liabilities - - - - 0.25M
Total cashflows from investing activities -4.08M -1.60M -0.19M -0.73M -1.37M
Net borrowings 6.89M 2.82M 0.10M - 1.47M
Total cash from financing activities 7.71M 2.71M 1.99M 0.20M 2.91M
Change to operating activities - - - - 0.60M
Net income -4.52M -3.61M -2.85M -32.97M -2.41M
Change in cash 0.67M 0.92M 0.59M -1.72M 0.72M
Begin period cash flow 1.59M 0.67M 0.08M 1.80M 1.08M
End period cash flow 2.26M 1.59M 0.67M 0.08M 1.80M
Total cash from operating activities -2.97M -0.19M -1.21M -1.20M -0.81M
Issuance of capital stock - 0.00M 2.06M 0.22M -
Depreciation 0.07M 0.07M 0.07M 0.06M 0.06M
Other cashflows from investing activities - -0.00M -0.02M -0.00M 0.04M
Change to account receivables -0.80M -0.70M 0.06M 0.11M -0.13M
Sale purchase of stock - 0.00M 2.06M 0.26M 1.43M
Other cashflows from financing activities -0.07M -0.11M -0.17M 1.23M 2.91M
Change to netincome - - - - -0.12M
Capital expenditures 4.08M 1.60M 0.17M 0.34M 0.09M
Change in working capital -1.66M -0.40M -0.00M 0.85M 0.73M
Stock based compensation 0.86M 0.00M 0.30M 0.59M 0.30M
Other non cash items 3.15M 3.75M 1.27M 30.27M 0.51M
Free cash flow -7.05M -1.79M -1.38M -1.54M -0.91M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FT
Fortune Minerals Limited		 -
-%		 0.08 - - 595.64 0.47 2111.86 -312.22
TECK-B
Teck Resources Limited		 3.08
3.56%		 89.53 12.14 9.12 1.91 0.97 2.53 6.34
TECK-A
Teck Resources Limited		 3.11
3.60%		 89.47 12.13 9.34 1.91 0.99 2.58 6.47
IVN
Ivanhoe Mines Ltd.		 -0.50
5.63%		 8.38 44.19 31.45 37.10 2.17 30.10 40.94
NGEX
NGEx Minerals Ltd.		 0.98
4.70%		 21.83 - - - 13.49 - -21.12

Profile*

Fortune Minerals Limited

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.

617 Wellington Street, London, ON, Canada, N6A 3R6

519 858 8188

https://www.fortuneminerals.com

Name Title Year Born
Mr. Robin Ellis Goad M.Sc., P.Geo. Co-Founder, Pres, CEO & Director 1958
Ms. Patricia Penney B.Comm (Hon), C.A., CPA, CPA Interim Chief Financial Officer NA
Mr. Glen Koropchuk B.Sc., M.Sc., P.Eng. Technical Director & Director 1962
Mr. Troy D. Nazarewicz CIM, CPIR Investor Relations Mang. NA
Mr. David Allan Knight B.A., L.L.B., LL.B. Corp. Sec. 1955
Mr. Robin Ellis Goad M.Sc., P.Geo. Co-Founder, President, CEO & Director 1958
Mr. Troy D. Nazarewicz CIM, CPIR Investor Relations Manager NA
Alex Mezei P.Eng. Chief Metallurgist NA
Mr. David Allan Knight B.A., L.L.B., LL.B. Corporate Secretary 1955
Mr. Glen Koropchuk B.Sc., M.Sc., P.Eng. Technical Director & Independent Director 1962

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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