Fortune Minerals Limited. T.FT

S.Korea, Canada to sign agreement on supply chains

[Allman]

 South Korea and Canada agreed on Friday to expedite their push for signing a memorandum of understanding (MOU) on key minerals in a move to enhance cooperation on supply chains of secondary cells, electric vehicles and broader industry fields, Seoul’s industry ministry said. ...

https://newsroomodisha.com/s-korea-canada-to-sign-agreement-on-supply-chains-of-key-minerals/

[AbuBaba]

Despite such positive developments, these company is effectively moribund. No news. No positive action. No announcements. Where is Robin Goad? Is he hiding?

[parahyangam]

ARCTOS: 500 BILLION USD deposit. Billion with a B, 400-500 million invested to date. Two hundred million of that total by POSCO (Korean). BC government has prepared rail and hydro. NICO:  5 - 7 billion USD deposit. 125 million invested to date. POSCO = current major Fortune shareholder. WHY: Did Teck Resources Ltd, with their head office in Vancouver, not take Arctos off the hands of

[Allman]

What's interesting is that they specifically mentioned cobalt, so they're interested in "Canadian cobalt" and we know what the options are - something has to give soon. "they will sign an MOU “swiftly” to expand the scope of their minerals trade to various kinds, including nickel and cobalt"

[elitespooner]

Fortune has executed Confidentiality Agreements with more than 45 companies interested in participating in the development of the NICO Project and/or securing a reliable Canadian and ethical supply of cobalt.

[red]

Thats true, Many or some since expired ....outside of any new recent ones ...also as we read in the past some could be back at the table given the increased "macro" around Coblat and FT over the last two years ....least of which could be the Koreans in some form or another.  RG and board have to be busy and are probably looking at more than just project financing ....somebody

[Marketbeat]

Well said Red!  it's a mystery- but we've all placed our wager.  Goodluck to everyone- regardless of what shakes out

[Jim1712]

Nico holds more than its excellent resources in the ground.  It holds the key that opens the door for foreign companies to access the USA EV market ! This will be the catalyst that moves Fortune across the finish line.   Jim 

[red]

I am completely on "board" with that line of thinking Jim. but the mystery or 700 million dollar question, With that thought.... Do we have a ceo and board that can handle  it?  with RG we have no choice as he knows this inside out and upside down but he is one. Where is the other expertise to make, let alone close, at deal. Haywood advisor?  we are takin our

[Jim1712]

It's a lot of money, but is critical for many.  Critical for the USA and Canada to have a supply of bismuth.   Critical for an EV manufacturer to be part of the USA rebate program.  Critical for the Canadian , Alberta , NWT to  kick start the mining and processing of critical green minerals.  Critical to provide the First Nations with employment and an investment

[sirfartalot]

All in my humble opinion: @Jim Did they foreclose on the silver mine ? Are shareholders making money ? Good luck to all longs, We wait ...