I Just WonderAlmost four years(january 2019) ago Mr. Goad spoke to Mining Journal.
"Potential project partners and financiers are said to be “at the table” and eagerly awaiting the publication of an updated feasibility study on Fortune Minerals’ (TSX:FT) NICO cobalt-gold-bismuth-copper project in Canada’s Northwest Territories (NWT), CEO Robin Goad tells Mining Journal"
In February 2019 an article in Mining Weekly tells us this:
"“Production is expected in the early 2020s – this timing is considered ideal because double-digit growth of EV mass adoption is expected during this period as the
automotive industry accelerates electrification,” he highlights."
"The company expects to complete an updated feasibility study in the first quarter of this year to help secure the
project financing for
construction. The study is assessing an estimated 30% mill throughput increase of 6 000 t/d of ore at current costs, commodity prices and currency exchange rates."
"The company has about 45 confidentiality agreements signed with potential strategic investors, including
automotive manufacturers, battery companies, private equity,
mining companies, banks and traders interested in securing a strategic cobalt supply."
In March 2019 Mr. Goad sold 376,500 shares in the public market.
In October 2019 an update was given to the public.
In may 2020 Mr. Goad told Lara Smith in an Interview this:
"And we’re also looking at collaboration on processing plants to reduce refinery capital costs. At the same time we’re in discussions with both the US government as well as the Canadian government on critical mineral supply." "I can tell you that we have discussions with both the US and the Canadian governments. I’m not at Liberty to discuss those discussions at this point other than we have proposals that are being looked at." I just wonder what happened to those 45 confidentiality agreements signed, and mentioned in the presentations a long time after?
And I just wonder what was the conclusion of the the discussions with the US and the Canadian governments during spring 2020. About two and a half years ago?
https://www.mining-journal.com/feasibility/news/1353945/potential-partners-wait-for-fortunes-nico-study-update
https://www.coreconsultantsgroup.com/%F0%9F%8E%A5-fortune-minerals-attractive-project-with-four-different-payable-metals/
| Filed 2019-03-12 Tx date 2019-03-11 | $FT
Fortune Minerals Limited | Goad, Robin Ellis 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership | Common Shares 10 - Acquisition or disposition in the public market | $-50,902.80
-376,500 vol
$0.1352 each | 4,349,528 |
https://ceo.ca/@businesswire/fortune-minerals-provides-nico-cobalt-gold-bismuth-copper
https://www.miningweekly.com/article/nico-project-positioned-to-help-meet-growing-cobalt-demand-2019-02-15/rep_id:3650