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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 > Canada critical minerals interactive map
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Comment by Allmanon Nov 06, 2022 7:14pm
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Post# 35077775

RE:RE:Canada critical minerals interactive map

RE:RE:Canada critical minerals interactive mapMy kick at the can re naming "etc" potentials, i.e. some North American located manufacturers possibly requiring to secure IRA compliant cobalt (in those cases where it wasn't apparent a source has been secured).

1. LG Energy re. Honda JV, Stellantis JV, plus LG's two independent plants. Note: Electra to supply 7kt cobalt sulphate for the period 2023-25 plus Electra and LG Energy will explore ways to advance opportunities across NA to secure sustainable sources of raw materials.
2. Umicore re. Samsung/Stellantis JV. Note: Umicore has an agreement with Samsung for NMC cathode materials.
3. EcoPro BM re. BlueOval SK (Ford SK On JV) pus SK Battery America plants
4. Volkswagen Powerco
5. Hyundai (Georgia plant)
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