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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Fortune Minerals Limited. > Indonesia emerges as a cobalt powerhouse
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Post by Allmanon May 11, 2023 1:21pm
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Post# 35443579

Indonesia emerges as a cobalt powerhouse

Indonesia emerges as a cobalt powerhouseDRC may be the largest cobalt producer and Indonesia may be emerging as a cobalt powerhouse but there's a little fly in the ointment. Per attached article ... "the August 2022 U.S. Inflation Reduction Act (IRA) is likely to reshape the global cobalt supply chain, despite for the moment, neither the major suppliers – the DRC nor Indonesia – are IRA-compliant. Compliant jurisdictions are expected to benefit from the IRA’s proposed financial and tax incentives."

https://www.northernminer.com/news/indonesia-emerges-as-a-cobalt-powerhouse-amid-metal-demand-doubling-by-2030/1003854952/
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