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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
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Post by Allmanon Aug 30, 2022 8:40am
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Post# 34929021

Supply-chain crisis forces a big business rethink

Supply-chain crisis forces a big business rethink... In electric vehicles, battery makers and material companies are signing long-term contracts or forming joint ventures to ensure the stable supply of EV batteries and related raw materials. ...
“No batteries mean no EVs, so getting enough raw materials is one of the most important and competitive segments for battery makers to grab the share in the fast-growing market,” said Lee Hang-gu, a senior analyst at Korea Automotive Technology Institute. ...
But sourcing minerals from other companies cannot be the ultimate solution. As it gets tougher and tougher to buy minerals amid the surging demand and skyrocketing prices, companies are setting their sights on the recycling of used batteries and the extraction of key materials. ...
As for EV manufacturing, the government’s efforts are centered around agreements related to the sourcing of critical raw materials. ...

https://koreajoongangdaily.joins.com/2022/08/30/business/industry/Korea-US-China/20220830181701132.html
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