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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 Spuds21on Nov 26, 2021 7:24pm
318 Views
Post# 34171200

Canada, a critical-minerals superpower?

Canada, a critical-minerals superpower?
https://www.cbc.ca/news/world/canada-critical-minerals-overview-1.6262406

Quote from the Article...   (Note: not sure the reporter read the report or got the memo on Cobalt uses)

"There are things happening in Canada.

Like, this month, a new road is scheduled to open in the Northwest Territories and it's supposed to help access a cobalt-gold-bismuth-copper site discovered in 1996

It's projected to reach a peak annual production of 2,000 tonnes of cobalt per year, which would single-handedly add more than one per cent to total global output."
 

Dominance wasn't built in a day

Turpin said it might make sense, at most, for U.S. allies to build a strategic stockpile to draw from if China ever temporarily suspended supply.

Yet diversifying and expanding supplies will be a global priority for the foreseeable future. It'll just take a while, Miller says. 

"Chinese dominance has been built piece by piece, over time. And that's been our choice to not actually choose to push back," he said.

"It took the Chinese a generation to achieve dominance over critical minerals. And it's going to take probably two generations for the West to rebalance the equation."


 

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