Fortune Minerals Announces Second Draw From Convertible Securities Agreement With The Lind Partners

LONDON, Ontario -- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com) is pleased to announce that it has drawn down an additional C$1,575,000 (the “Second Convertible Security”) from its convertible security funding agreement with Lind Global Fund II, LP, managed by The Lind Partners (together, “Lind”) (see news release dated May 22, 2024). The proceeds from this Second Convertible Security drawdown will be used for general working capital purposes and to pre-fund some of the government supported work on the vertically integrated NICO Cobalt-Gold-Bismuth-Copper Critical Minerals Project (“NICO Project”) (see news releases dated, May 16, 2024, and December 5, 2023). Development of the NICO Project would provide a reliable North American supply of cobalt sulphate, gold doré, bismuth ingots, and copper cement enhancing domestic supply chains for three Critical Minerals with a highly liquid and countercyclical gold co-product to mitigate metal price volatility. Read More