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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by Jim1712on Nov 23, 2021 2:46pm
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Post# 34158322

Can we use our Posco connection.

Can we use our Posco connection.
The Korea Times - November 23, 2021
POSCO International, the trading arm of South Korean steel giant POSCO, said Tuesday it and a smaller domestic partner will supply half ...
Tuesday it and a smaller domestic partner will supply half shafts for electric vehicles (EV) to Rivian Automotive. POSCO International and

POSCO International, the trading arm of South Korean steel giant POSCO, said Tuesday it and a smaller domestic partner will supply half shafts for electric vehicles (EV) to Rivian Automotive…POSCO International and Erae AMS have won the 145 billion won ($122 million) order to supply the parts for some 340,000 EVs to be produced by the American EV startup, the company said in a release…That raises the total to be supplied to Rivian to an amount enough for 360,000 units, as POSCO has already signed a separate deal to supply the half shafts for 20,000 vehicles…A half shaft works as a driving shaft in the battery EVs…POSCO and Erae will begin to supply the parts next year…POSCO and Erae have teamed up to supply key auto parts since 2011. The two signed a similar deal last year to supply the half shafts to Vietnamese automaker Vinfast.

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