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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd
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Post by AbuBabaon Feb 19, 2020 1:36pm
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Post# 30709232

Cobalt supply can meet demand

Cobalt supply can meet demand

Cobalt supply can meet demand for electric vehicle and electronics batteries


https://www.sciencedaily.com/releases/2020/02/200219092532.htm

Greater use of electric vehicles might be good for the environment, but further growth hinges on continued availability of critical battery components such as cobalt. Cell phones and other electronics also depend on the element's availability. Supplies of the metal are adequate in the short term, but shortages could develop down the road if refining and recycling aren't ramped up or made more efficient, according to research published in ACS' Environmental Science & Technology.
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