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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Comment by redon Jan 29, 2021 7:47am
136 Views
Post# 32418148

RE:Cobalt Forecasts

RE:Cobalt Forecasts

I don't doubt MB, I was in able to get tothe story.....cut n past the highlights if you can. 


however we have our own NA bombshell dropped by GM...

https://www.cnbc.com/2021/01/28/general-motors-plans-to-exclusively-offer-electric-vehicles-by-2035.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

t
his is a very significant move and yet again another early warning sign to cobalt investors in NA ....couple that with the USA secretary's statement about battery metals and other info on REs yesterday .....not sure how this bomb can be defused. They are laying it out for us.

GMs move is significant ....shows leadership and faith in the transition that has to come to the world but for them to make this transition in 15 years almost sounds impossible. I am thinking it kinda says corporate America is on board (or starting) and ready to tap into the 2 trillion dollar plan ......and if the secretary has any say in the matter it won't be with Chinese materials.....Ft and Canada has the goods like no other, impossible that something big does not happen here in the NWT and at FT we are ready to answer the call. 

 

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