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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 ToadyToadmanon Jan 29, 2021 9:58am
120 Views
Post# 32419245

RE:RE:Cobalt Forecasts

RE:RE:Cobalt Forecasts15 years is nothing for auto makers to retool lines for electric cars and it gets more streamlined if you are only building EVs and not a mix of ICE and EVs. It will still take time for older ICE vehicles to be retired but, much like the death of coal, a tipping point will be hit (my guess being within the next couple of years) and fossil fuel use will take a fall off a cliff over the next decade.
Not good for Alberta and our oil industry but the rest of the world cannot run away from fossil fuels fast enough.
Batteries are only a store of energy and not a generator so I also see a massive push for nuclear baseload over the next decade.
GLTA
DYODD
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