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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 > LG Energy Solution Partners with Three Canadian Suppliers
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Comment by Allmanon Sep 22, 2022 9:50pm
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Post# 34980728

RE:LG Energy Solution Partners with Three Canadian Suppliers

RE:LG Energy Solution Partners with Three Canadian Suppliers

Hmm, don't think Electra's refined cobalt is IRA compliant considering it'll be sourced from the DRC ...

The feed for the Ontario refinery will be sourced from mines in the Democratic Republic of Congo, which produces the majority of the world’s cobalt. While researchers have pointed out human rights issues and accidents due to artisanal mining in the nation, Mell said Electra would buy from mines with which the company is “comfortable” and have good reputations.

https://financialpost.com/commodities/mining/toronto-upstart-electra-lands-first-big-commercial-contract-with-global-battery-maker-lg

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