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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 Jun 15, 2022 8:14am
85 Views
Post# 34757426

RE:RE:Ottawa seeking public input on critical minerals strategy

RE:RE:Ottawa seeking public input on critical minerals strategy

And the paper said.....

"

Early Prioritization

Given the urgent need to develop Canada’s critical minerals supply chains, our research suggests that early efforts should focus on the following six minerals: lithium, graphite, nickel, cobalt, copper, and rare-earth elements.Footnote 1

These minerals have been selected because they offer the greatest economic growth and employment opportunities across the country, including for Indigenous peoples, along the entire value chain (exploration, mining, processing, manufacturing, and recycling). In addition, these six minerals support the manufacture of value-added products, including clean technologies, information/communication technology, and advanced manufacturing.

Opportunities also exist to ramp up production and processing of additional minerals for industrial value chains that are strategic to Canada and its partners and that will attract foreign direct investment (FDI), thus helping to create more stable global supply chains. This includes minerals like vanadium, gallium, titanium, scandium, magnesium, tellurium, zinc, niobium, and germanium.  

By increasing the supply and processing of these minerals, Canada can work with it allies to manufacture products we need, such as military optics, semi-conductors, prosthetic limbs, ultrasound machines, solar panels and wind turbines.

At the same time, Canada will work to strengthen and consolidate Canada’s existing position as a strong, sustainable producer of potash, uranium, and aluminum, all minerals that are critical to the global economy. Whether it is opportunities in low-carbon energy and electrification, healthcare, green buildings, or food security, these minerals are central to Canada’s trading relationships and strategic global position.

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