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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 Allmanon Jan 06, 2024 3:47pm
180 Views
Post# 35814004

Alberta set to join "colossal geopolitical struggle"

Alberta set to join "colossal geopolitical struggle" FT seems to be getting more press coverage - not a bad thing ...

A third mining company, the Ontario-based Fortune Minerals, recently announced government funding for the development of a refinery in Alberta. The refinery will process gold, bismuth, copper, and, more importantly, cobalt mined from Fortune’s NICO deposit in the Northwest Territories.

Cobalt is an essential component in the lithium-ion batteries that power laptops, cellphones, and EVs. As such, the mineral is inextricable from geopolitics. Chinese companies dominate global cobalt production, meaning that the US and Canadian governments’ efforts to expand cobalt production in North America necessarily aim to reduce China’s influence over critical mineral supply chains.

https://www.theprogressreport.ca/alberta_critical_mining_strategy

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