Fortune Minerals Limited. T.FT

Collaborating With Rio Tinto/Advancing Financing Initiatives

[Allman]

From Fundamental Research Nov 6 Report ...

• Fortune’s NICO cobalt-gold-bismuth-copper project hosts the largest primary cobalt deposit in North America, and the world’s largest bismuth deposit. The U.S., EU, and Canada have identified cobalt and bismuth as critical minerals.
• FT has an option to acquire a brownfield refinery site in Alberta, which can be modified into a refinery for producing cobalt sulphate, gold dor, bismuth ingots/oxides, and copper cement.
• FT has attracted Rio Tinto (NYSE: RIO) to evaluate various processing methods to recover bismuth, and cobalt, from RIO’s Kennecott operations in Utah, and process at FT’s planned refinery in Alberta.
• FT has $8.62M in debentures/loans maturing on December 31, 2023, prompting an urgent need for refinancing, and/or securing alternative financing solutions.In addition, FT has to raise funds to purchase the refinery site, and complete an updated Feasibility Study (FS). The company is in discussions with various strategic partners and government agencies. We note that securing immediate financing is vital for the company’s viability.

https://www.researchfrc.com/fortune-minerals-limited-tsx-ft-otcqb-ftmdf-collaborating-with-rio-tinto-advancing-financing-initiatives-update/

[Freedom2022]

I gave your post a thumbs up,, until i read the last line,, FT/Goad needs the Feds Libs to save US shareholders Big time!   2023 you Dum dums !   lets Go Trudeau!!!   Well we finally! know the last of the last Dead Deadlines!    Dec 31 2023 and Not 2024,, Now , even if we get fed money , the FS will take all summer 2024 , so no construction till 2025 for

[elitespooner]

Tax Loss Season; Investors have until two business days before the last trading day of the year to sell their shares and crystallize the loss.