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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 geolithon Sep 08, 2021 11:16am
180 Views
Post# 33824765

Power

PowerAll of these batteries, and development of battery metals is great news and will only help Fortune.  However, I'll reiterate a concern I have.  Batteries are only storage devices, they do not create power.  They must be charged to operate, and this power must come from somewhere.  Unless we have substantial investment into our power infrastructure (generation, transmission, distribution) the brown-outs we have had across North America because we can't heat our homes in Texas, cool our homes in California, or run our new electric furnaces, kitchens, and so on.
The US consumes about 123 billion gallons of gasoline and 44 billion gallons of diesl fuel per year.  Thats a lot of energy to replace.  I wonder where it will come from, given we're already suffering from electrical energy shortages.
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