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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Post by Allmanon Oct 19, 2022 8:20pm
152 Views
Post# 35035122

Rubio questions Volkswagens ties to metal suppliers in China

Rubio questions Volkswagens ties to metal suppliers in China

Re. VW Rubio issue from April of this year - since then, the US IRA and forced labour act have passed and there is a pending EU forced labour products ban. VW likely wants it US cars to be eligible for EV tax credits and also not want to get embroiled in another dieselgate like affair Re forced labour accusations. It's no wonder they came to Canada in August. Recall what was mentioned by VW then ...

VW is targeting initial capacity of 20 gigawatt-hours at the North American plant, said Thomas Schmall, Volkswagen AG board member and head of the automaker's Power Co battery unit.

At a media briefing Tuesday, Schmall said the company aims to announce the North American plant location and potential mining and refining partners by the end of the year.


https://www.mining.com/web/rubio-questions-volkswagens-ties-to-metal-suppliers-in-china-over-human-rights/
 

https://www.reuters.com/business/autos-transportation/volkswagen-teams-up-with-canada-battery-materials-push-2022-08-23/
 

At a media briefing Tuesday, Schmall said the company aims to announce the North American plant location and potential mining and refining partners by the end of the year.
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