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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

Post by redon Feb 16, 2021 8:27am
101 Views
Post# 32571463

EVs in the cold

EVs in the cold

We don't read or hear a lot on EVs in the cold but I found this interesting for us un cold climate of Canada ( and North America) 

from https://www.cbc.ca/news/canada/saskatoon/electric-cars-regina-cold-batteries-1.5429665

"I wake up with a 'full tank' every morning because I plug in at night and I wake up and my car's fully charged in the morning," he said. "I've got more than enough range to do all the regular stuff that I need to do on a daily basis." (Tesla's website advertises ranges from 483 km and up, depending on the model.)

Also there is a Tesla and a few others buzzing around YK at -39 

key words... enough to do all I need on a daily basis ....basically on a single charge.....while in our climate cobalt batteries range is near 50% ( other make ups are less)  it's plenty for Hoi palloi and to which manufactuers will design models that will meet the day to day use. The smaller SUV is a trending novelty and ground breaker for many. Electric pick up trucks will be another that will be on horizon of many as soon as there is a variety.the masses will jump into this game and cobalt batteries will be the headline.

FT is at the cusp of being party to the electrification transformation that is upon us, ( not to forget the other uses of cobalt ) simply not seeing anyway around it.....what ever our problem is it's not a spur road, it's not an IBA or the likes..... it could be processing and if we have a plan for the wastes of that processing we cannot be far from a bigger announcement. 

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