Fortune Minerals Ltd FTMDF
$0.11 $0.01 (5.70%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
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FTMDF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Fortune Minerals Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Fortune Minerals Ltd. Stock Analysis FTMDF
United States Materials Micro Cap Fortune Minerals Ltd. engages in the exploration and development of mineral properties. The company is engaged in the exploration and development of mineral properties in Canada. The company is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. The company also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. The company also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. The company also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. The company has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.
Fortune Minerals Ltd (FTMDF) Chart
Financial Metrics & Statements of Fortune Minerals Ltd (FTMDF)
FAQ's for Fortune Minerals Ltd (FTMDF)
- As of August 2026, Fortune Minerals Ltd FTMDF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Fortune Minerals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Fortune Minerals Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Fortune Minerals Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Fortune Minerals Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Fortune Minerals Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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