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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. > FT mention mining.com
View:
Post by Allman on Jan 05, 2024 2:49pm

FT mention mining.com

... Nearly all cobalt supply is a byproduct of nickel and copper mining. As far back as 2019, BMW’s offtakers pounced on what was the only primary cobalt mine in the world, until Jervois opened its cobalt operation in Idaho last year, and Canada’s Fortune Minerals could soon provide an opportunity for enterprising automakers. ...

https://www.mining.com/blade-runners-how-lfp-batteries-brought-ev-metal-markets-back-to-earth/
Comment by red on Jan 07, 2024 7:43am
I wonder how much nickel or copper one has to mine to get a couple billion of cobalt as a by product ?  the FT deposit it obviously unique in that we have a substantial primary cobalt mine with a couple billion in gold ! ( not to forget the other BM and CMs )....Where in the world do you find that?  Hard to believe we sit where we do in the market....it's too bad we are in ...more  
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