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Fortune Minerals Limited

Fortune Minerals Limited

FT.TO
Fortune Minerals LimitedCA flagToronto Stock Exchange
0.15
CAD
-0.01
- -
95.18MMarket Cap
Fortune Minerals Limited
FT.TO
(Toronto Stock Exchange)

Recent

price

0.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
-0.01
0.03
-0.06
-0.33
-0.06
-0.19
-0.03
-0.04
0.03
-0.01
- -
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
Basic EPS, GAAP
-0.12
-0.09
-0.11
-0.13
-0.06
-0.03
-0.01
-0.01
-0.01
-0.01
- -
- -
- -
- -
- -
-0.01
-0.01
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.09
-0.04
-0.1
-0.42
-0.37
-0.49
-0.46
0.15
0.16
0.14
0.13
-0.08
-0.06
-0.06
-0.06
-0.05
-0.05
Book Value per Share
1.2
1.2
1.07
0.71
0.58
0.28
0.23
0.19
0.2
0.19
0.18
-0.03
-0.02
-0.02
-0.02
-0.02
-0.02
Tangible Book Value per Share
98
109
117
133
180
222
255
297
338
347
360
365
383
473
504
549
566
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-1
4
-7
-44
-11
-41
-8
-12
9
-3
-2
-2
-3
-3
-4
-5
-6
Net Income, GAAP
- -
39.51
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
8
27
16
11
-68
- -
1
8
3
2
1
-10
-8
-9
-13
-16
-17
Working Capital
3
- -
- -
- -
- -
5
5
6
7
9
10
2
- -
- -
- -
- -
- -
LT Debt
118
131
126
94
104
63
58
58
67
66
64
-12
-8
-8
-11
-10
-11
Total Equity
- -
-1.55
- -
- -
- -
- -
- -
- -
-3.04
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
-102.8
- -
- -
- -
- -
- -
- -
17.06
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
17.28
-5.17
-3.48
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
15
18
17
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
566
593
608
Market Capitalization
38
46
59

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
3
Cash, Cash Equivalents & STI
3
2
2
Accounts Receivable, Net
1
2
1
Inventories
- -
- -
- -
Total Current Liabilities
18
20
20
Payables & Accruals
- -
1
1
ST Debt
15
18
17
Deferred Revenue
2
2
2

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-11.85%
-24.52%
-12.02%
Free Cash Flow
34.73%
90.12%
293.72%
Net Income, GAAP
-25.47%
22.02%
25.4%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.01
2025
- -
- -
- -
- -
-0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Fortune Minerals Limited (FT.TO) is a Canadian development-stage mining company focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project and exploring other mineral properties in the Northwest Territories. Incorporated in 1988 and headquartered in London, Ontario, the company targets critical minerals for energy transition, defense, and technology applications, including cobalt sulphate, gold doré, bismuth ingots, and copper cement produced from NICO mine concentrates at a planned hydrometallurgical refinery in Lamont County, Alberta; it also holds the nearby Sue-Dianne copper-silver-gold deposit as satellite feed potential, the Salkeld Lake exploration project, and net smelter royalty interests on Camsell River leases. Operations emphasize domestic North American supply chains for cobalt, bismuth, and copper, with gold as a countercyclical co-product to hedge price volatility, serving markets in rechargeable batteries, electric vehicles, medical products, automotive sectors, and stationary power storage. Recent developments include an amended option agreement with JFSL Field Services ULC to acquire a 77-acre brownfield industrial site in Alberta for the planned refinery, with installment payments totaling over C$3 million toward a C$6 million purchase price and a completion deadline extended into 2025; a C$1.25 million initial drawdown from a convertible securities funding agreement to support site payments and operations; a new C$3.8 million loan from Prosper NWT to facilitate the refinery site acquisition; and additional government funding from Canada and the U.S. for feasibility studies, process optimization test work validating cobalt, gold, copper, and bismuth recovery, and collaboration with Rio Tinto on extracting cobalt and bismuth from Utah smelter waste streams. In July 2025, Fortune secured a further convertible security agreement with The Lind Partners for C$3.774 million to advance project financing toward a 2026 mine construction decision. These initiatives position the NICO project, estimated at C$770 million total cost, for open-pit and underground mining with concentrator in the Northwest Territories and 18-month refinery construction timeline.