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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > It’s happening ....
View:
Post by red on May 27, 2021 8:43am

It’s happening ....

As these automakers ramp up they and other industries are needing cobalt ...something has to break for FT and others ....

Ford’s Farley Stokes Stock With His $30 Billion Bid in EV Race
 
(Bloomberg) -- Ford Motor Co. Chief Executive Officer Jim Farley made a bold bid for electric supremacy Wednesday by boosting his company’s bet on plug-in models by more than a third, to $30 billionand promising to electrify virtually the entire lineup.
Investors, who have long viewed Ford as an EV laggard, liked what they heard during the automaker’s Capital Markets Day and bid up shares to a five-year high.
Comment by red on May 27, 2021 8:56am
It's my hope that any cobalt processor or processor wannabe reads the writing on the wall....from our Cobal news... " That said, the use of recycled cobalt in EV batteries is not likely to pose a strong challenge to primary cobalt producers, Julie Liang, environmental, social and corporate governance (ESG) director of CMOC said, citing the quick adoption of EVs globally, which will ...more  
Comment by Yellowknifer69 on May 27, 2021 9:44am
Hello and good morning FT Longs: Whilst the EV movement is definitely happening - it is distinctively happening around FT and NOT with FT?  I see that FCC signed another commitment for exploration rights in Idaho a couple of days ago. First Cobalt Completes a Second Cobalt Transaction in Idaho So WTF is our team doing?  Where is the news?  My bet is on another Private ...more  
Comment by red on May 27, 2021 10:24am
In as much as we know right now that's true but we all know there is looming potential .... how long we have to wait for that to unfold is an issue and most of us dare not move til we play a few more cards.  I don't like it any more than the rest of you here but we sit waiting on a new process plan that likley has only developed in the last year or two.... what little news we have ...more  
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