Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jim1712on Apr 03, 2024 3:28pm
107 Views
Post# 35968637

Canada needs to act soon……real soon.

Canada needs to act soon……real soon.
Canadian Mining Journal - April 2, 2024
 
 

What will it take for Canada to reach its ambitious critical minerals goals?...My answer was that Canada’s preliminary steps towards a viable strategy will require much more significant involvement by the government, including financial support, streamlining approval processes, and removing regulatory barriers, if meaningful progress is to be made…Domestic critical minerals producers need greater investment and support from the Canadian government to be able to shoulder the financial risks of carrying a new mining project through to completion…Since 2022, the government has pledged $1.5 billion over six years to be invested in the manufacturing, processing, and recycling of critical minerals; launched the Critical Mineral Exploration Tax Credit; and provided $25 million in funding to engage with Indigenous communities…These developments are positive, but much more is needed. $1.5 billion would barely cover the cost of a single proposed highway project to Ontario’s Ring of Fire. And while Canada’s $28 billions of investments in EV battery production with auto manufacturers are encouraging developments, these projects will require a steady supply of critical minerals to succeed…Another aspect of investment is access to capital. While increased scrutiny over certain foreign investments in the mining sector is crucial for Canadian national security, this has further restricted the already limited supply of investment capital available to critical minerals producers. The impacts of such measures must be balanced through both ongoing investment in Canadian producers and by encouraging investment from international firms not deemed to present security risks…Unlike many of its international allies, Canada is fortunate to have reserves of many of these minerals beneath its soil. Our ability to ensure a stable supply of critical minerals is largely a matter of providing increased financial support to Canadian mining companies while streamlining approval processes and removing regulatory barriers.

 
 

<< Previous
Bullboard Posts
Next >>