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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.
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Post by Allmanon Nov 20, 2023 4:26pm
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Post# 35745211

10 Largest Cobalt Mining Companies and Their Mines

10 Largest Cobalt Mining Companies and Their Mines FT didn't make the top 10, but the collaboration with Rio Tinto is definitely giving them more visibility.

... Given the significant demand for critical minerals and the extended time required to operationalize new mines, top mining companies in these sectors are increasingly targeted for acquisitions. Recently, there has been a shift toward complete ownership over collaborative joint ventures. For example, in December 2022, Rio Tinto Group (NYSE:RIO) acquired full control of Turquoise Hill Resources, a Canadian company, for approximately $3.1 billion. Following the acquisition, Rio Tinto Group (NYSE:RIO) held a 66% direct interest in Mongolia’s Oyu Tolgoi mine, one of the largest copper mines in the world. Additionally, Fortune Minerals, a Canadian firm, partnered with Rio Tinto to improve the extraction efficiency of cobalt and bismuth, both critical minerals. They signed a MOU to facilitate testing at Rio Tinto’s Kennecott copper mining and smelting site in Utah, as well as at Fortune Minerals' proposed refinery in Alberta. ...

https://finance.yahoo.com/news/10-largest-cobalt-mining-companies-211117824.html
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