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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 Apr 21, 2021 8:29am
109 Views
Post# 33035646

RE:Cobalt and Nickel use rises with sports cars!

RE:Cobalt and Nickel use rises with sports cars!Nice to see however it would also be interesting to see what's going into the mass storage systems which is a burgeoning market where thermal stability is critical.

These storage systems will be critical for probably at least the next 20 years and will utilize recharging in off hours from the power grid we have and then be able to discharge during peak hours when EV and other users need. The USA is planning hundreds of thousands of charging stations, shell alone is planning some 62,000 to deal with the 15-20 min charge thier patrons will need. Which is a great marketing opportunity for the C stores they have at thier charging stations and they know it. Franchise operators make pennies off the fuel they sell.....but make great sums on the sales from junk food, coffee etc all while you wait to charge up.

it's been said before that the power grid we have cannot sustain the peak hour power draw that's coming if we don't have storage systems in place for peak hours, ( charged in off hours) so if that holds true you can imagine part of the cause of exponential battery demand on this type of thinking alone will be huge. Many of us will be charging our EVs batteries from retail battery storage charging stations at malls, Costco, shells etc  Tesla is not building the largest battery plant in the world for just EVs, in fact it would not surprise me that at some point in the not to distant future they sell off the EV arm of Tesla  once GM, Ford and VW sink thier teeth into the EV auto market....it's going to be a tough go.

regardless the exponential demand on battery metals is inevitable, clearly predicted by the best minds in the industry and cobalt will be part of it and the Nico deposit will be part of it and hopefully soon. 
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