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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 > VW, Mercedes sign MOUs with Canada
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Post by Allmanon Aug 23, 2022 1:43pm
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Post# 34914780

VW, Mercedes sign MOUs with Canada

VW, Mercedes sign MOUs with Canada Canada’s battery minerals sector has secured promising agreements from two German automakers. Volkswagen and Mercedes, under Memorandums of Understanding, are now engaged in further talks to receive priority access to Canadian critical battery minerals. ...
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, called the agreements “a fourth-dimensional chess move” by the federal government, adding that it was “the most significant thing that’s happened so far” for the mining sector, in an interview with Electric Autonomy Canada. ...
Volkswagen has not made any specific partnership announcements with Canadian companies, but advises that all of its battery activities will occur under its newly established PowerCo entity. ...
“This is the first agreement that we’ve seen [in Canada] between states and foreign-owned companies on preferable access to raw materials,” says Volpe. “I think that today is a signal to all the other OEMs to call the prime minister.” ...
And regarding BMW, the German automaker not represented on today’s stage, Minister Champagne teases that the Canada-Germany friendship is always looking for new members.
“I cannot give all the good news at once. We have advanced discussion with all the German manufacturers. I think other German manufacturers are contemplating what Canada can be in terms of the green supplier.”
https://electricautonomy.ca/2022/08/23/vw-mercedes-canada-battery-minerals/

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