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Fortune Minerals Signs Convertible Security Agreement With Lind
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Fortune Minerals Signs Convertible Security Agreement With Lind
Jul 30, 2025 5:47 AM

08:16 AM EDT, 07/30/2025 (MT Newswires) -- Fortune Minerals ( FTMDF ) on Wednesday said it agreed with Lind Global Fund III, an entity managed by The Lind Partners, to draw down $3.2 million in exchange for the issuance of a convertible security to Lind.

The convertible security will have a two-year term with a face value of $3.8 million and will be secured by a lien against Fortune's mining assets.

Proceeds will be used for general working capital purposes and to pre-pay and partially match the costs for government supported work programs currently underway for the NICO Cobalt-Gold-Bismuth-Copper Critical Minerals project.

Shares of Fortune Minerals ( FTMDF ) closed up 12% to $0.09 on Tuesday on the Toronto Stock Exchange.

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