Fortune Minerals Limited. T.FT

Fortune Minerals government money!

[Allman]

The US Department of Defense, through the Defense Production Act Investment Office , announced the allocation of US$14.8 million (US$20 million) Canadian dollars) to Canadian companies Fortune Minerals Limited (“Fortune”) and Lomiko Metals, Inc. (“Lomiko”). Natural Resources Canada also announced additional funding of up to CA$7.5 million (US$5.6 million) for Fortune, and CA$4.9 million (US$3.6 million) for the Lomiko company, as part of the Canadian Critical Minerals Strategy of 3.8 billion Canadian dollars (2.8 billion US dollars). This investment builds on previous funding provided by the Government of Canada to these two companies to build resilient supply chains and drive clean economic growth.

https://www.canada.ca/fr/ministere-finances/nouvelles/2024/05/le-canada-et-les-etats-unis-prolongent-dun-an-le-mandat-du-groupe-de-travail-bilateral-sur-la-transformation-de-lenergie-et-annoncent-de-nouveaux-i.html

[hounddog69]

Wow this is huge

[Allman]

https://www.canada.ca/en/natural-resources-canada/news/2024/05/government-of-canada-and-the-united-states-co-invest-to-strengthen-critical-mineral-value-chains.html

[Jim1712]

Great news!    An international joint endorsement! Jim 

[Allman]

This statement indicates the significance of Fortune Minerals NICO deposit - turns out we were at the front of the funding line! Today, Canada and the United States jointly announced the first co-investments targeting the development of strategic critical mineral deposits in Canada. Two Canadian companies have received funding to advance the resilient development of North American critical