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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It 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. It 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. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It 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.


TSX:FT - Post by User

Comment by Allmanon Aug 06, 2023 10:16am
124 Views
Post# 35575334

RE:RE:RE:Manganese Bismuth magnets to be produced by two companies

RE:RE:RE:Manganese Bismuth magnets to be produced by two companies Considering MnBi magnets are being developed to alleviate China's stranglehold on rare earth magnets and currently China refines 84% of the world's bismuth, then it becomes apparent why "securing a stable Bi supply" is a top concern for Korecen - by and large, MnBi technical issues appear to have been resolved and a huge market potential exists. And, if this is a top concern for them, it's likely a top concern for PowderMet and whoever else is developing these magnets. All these new up and coming bismuth applications and incipient demands could ultimately put some price pressure on this critical mineral which wouldn't be a bad thing for FT. Global miners out there must be connecting these dots and poking around known stable reserves. Perhaps the missing ingredient for FT is government assistance, which appears to be around the corner, considering previous government program status announcements and especially when considering NICO has prioritized cobalt, more than one critical mineral, is advanced, will be vertically integrated and significant financial and technical readiness can be demonstrated. The lazy hazy days of summer will soon be behind us, and with a bit of good fortune, the government machine is back up and running at full speed and we start to hear some favourable news.  
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