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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 Tuckerthefoxon Jul 13, 2022 4:10pm
139 Views
Post# 34822022

RE:This is huge

RE:This is hugeRegina Leader-Post - July 12, 2022 Developers of battery metals projects can win support from the US government as it seeks to counter the dominance of China in clean-technology supply chains, Energy Secretary Jennifer Granholm saidNations including the US have raised concerns over the global concentration of refining and production capacity for key materials like lithium, rare earths and cobalt, prompting President Joe Biden to invoke the 1950 Defense Production Act to encourage domestic productionProducers in nations including Australia can also access support through agencies including the Department of Energys loan programs office, Granholm said at the Wednesday meetingChina accounts for almost three-quarters of manufacturing capacity for lithium-ion batteries needed for electric vehicles and renewables energy storage, and dominates steps throughout the supply chain, including the processing of a suite of key metals.
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