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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 > Volkswagen Teams up With Canada in Battery Materials Push
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Post by Allmanon Aug 23, 2022 10:58am
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Post# 34914110

Volkswagen Teams up With Canada in Battery Materials Push

Volkswagen Teams up With Canada in Battery Materials Push

Volkswagen aims to build, with partners, six large battery cell factories in Europe by 2030 with a capacity of around 240 gigawatt hours, as well as a dedicated factory in North America for which it is currently examining potential sites.

Under the agreement with Canada, Volkswagen aims to deepen cooperation with Canada's mining sector and could even become a shareholder in local mining firms to make sure it is first in line when it comes to supply.

The MoU also includes the production ramp-up of so-called cathode materials, which include nickel cobalt aluminium (NCA) oxide and nickel cobalt manganese (NCM) oxide.

https://money.usnews.com/investing/news/articles/2022-08-23/volkswagen-teams-up-with-canada-in-battery-materials-push#:~:text=Aug.%2023%2C%202022%2C%20at%2010%3A36%20a.m.&text=FRANKFURT%20(Reuters)%20%2D%20Volkswagen%2C,agreement%20with%20top%20supplier%20Canada.
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