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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 May 11, 2022 5:20pm
132 Views
Post# 34675645

RE:RE:RE:RE:Why on earth is everyone so worried ?

RE:RE:RE:RE:Why on earth is everyone so worried ?Looks like Elon has sorted his nickel sources 

" We are excited to confirm that Vale has signed a long-term contract to supply its Class 1 nickel to Tesla Inc. The agreement underscores Vale’s rising exposure to the fast-growing electric vehicle industry, further cementing the company’s leadership role in the supply of the low-carbon, high-purity nickel that will help power the vehicles of the future. The agreement with Tesla, the world’s largest EV manufacturer, is an important milestone in this effort. The nickel that we supply to Tesla will come from our operations in Canada, leveraging our market-leading position as North America’s largest producer of finished nickel. Our Canadian operations produce some of the lowest-carbon nickel in the world.  
 
Congratulations to all Vale and Tesla teams!" 
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