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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

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

Post by Wangotango67on Sep 04, 2023 5:21pm
143 Views
Post# 35619042

ANTHRACITE

ANTHRACITEAnthracite Coal Formula ( composition )
 C240H90O4NS

Anthracite:
The highest rank of coal. It is a hard, brittle, and black lustrous coal, often referred to as hard coal, containing a high percentage of fixed carbon and a low percentage of volatile matter.
High grade coal, burns cleanly.

Bituminous Formula

C169H128O10N2S
Bitimus coal is a middle rank coal between subbituminous and anthracite.
Burns uncleanly, lots of CO2


   COAL
= petro's
= oils
= nat gas
= hydrogen

BC Province
Wants a hydrogen economy
Anthracite ( portion of deposit could be used as clean fuel )
to convert the hard coal to any one of the above - products.

One could look at Arcos Coal Deposit as - simple coal
Or.... oil, petro, nat gas, hydrogen deposit.

BC GOVT - 2023
Full on with - Korea
https://news.gov.bc.ca/releases/2023EMLI0033-000855


And as already mentioned...
BC is in support of, Hydrogen Economy.
Take a look at the hydrogen content of Anthracite coal.
90 molecules.....massive.

The ARCOS coal deposit is essentially sequesting a massive
hydrogen or ... nat gas deposit.

With UNdrip involvement,
Indigenous are or have become an intergal part of Canadian resources.


POSCO ( Korea ) needs coal for their steel fired manufacturing.
POSCO claims they will go NET zero, using hydrogen as fuel.
But if one digs a lil.... one will see they will use coal = hydrogen.
Wink.


Excerpt -
POSCO has two FINEX plants in operation, with output capacities of 1.5Mtpa and 2.0Mtpa. Building on the success of FINEX, HyREX will adopt the proven fluidized bed reactor technology and use hydrogen, instead of coal, as the reducing agent.

In this diagram
we can see " flue gas " most likely = hydrogen carried over to
a secondary process that claims = net zero.

https://www.posco.co.kr/docs/eng7/jsp/resources/images/hyrex/hyrex_compare_obj.jpg

Hence 2 processes.
Original coal firing = process steel = capture flue gas = extracts hydrogen
Flue gas hydrogen used in second steel processing

https://www.posco.co.kr/homepage/docs/eng7/jsp/hyrex/

Souns like they still need the coal.
Wink


Which brings this subject round to....
Why has Fortune transacted 70 mil shares ?
Why has Fortune pissed aways shares and time over Nico,
when perhaps.... they could be finding an interested party to
team with ( raising $9.15 million ) to... resecure a significant
coal asset...an asset that can be looked at as,
Hard Rock Coal = Petro, Oil, Nat Gas, Hydrogen Deposit ?

Fortune has a window till, 2025.
Why tinker with Nico ?
lol

If one played with the coal
and liquified it with stream reformation
Extracted the hydrogen...
Add more water and repeat.
BC could have their hydrogen economy.

Did i mention there are Canadian tax grants / funding for hydrogen ?
Last i read.... 40% kickback.

This junior is.... doing what ?
lol

Now Jimmy....
Next time you tell another to do DD
At least have better intel than the other.
Wink.


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