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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 > Nissan: Electric car batteries last longer than expected
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Comment by Allmanon Sep 19, 2022 10:14am
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Post# 34971011

RE:Nissan: Electric car batteries last longer than expected

RE:Nissan: Electric car batteries last longer than expectedI have to say I never realized this second life electric vehicle battery market / potential existed. The impact of it seems to make EV battery manufacturers much more reliant on mined battery minerals for longer than one would think pushing the recycled battery minerals market (as a primary circular source) further into the future. Another point that makes the NICO deposit that much more imminently necessary.

https://www.marketwatch.com/press-release/second-life-electric-vehicle-battery-market-size-future-trends-current-growth-2022-emerging-technologies-regions-2028-2022-09-19

https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/second-life-ev-batteries-the-newest-value-pool-in-energy-storage
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