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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 Nov 22, 2022 8:32am
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Post# 35118095

LG Chem to build U.S. battery cathode plant

LG Chem to build U.S. battery cathode plantAnother and the first LG Chem cathode materials plant in North America. Appears like they will be supplying CAM to GM, same as the POSCO plant located in Becancour, except this one will have a capacity of 120,000 t/y vs 90,000 t/y. They're looking into sourcing required material ingredients, likely such as cobalt; LG Chem added that it is also pursuing cooperation with mining firms and recycling companies to better support its customers so that requirements of the new law, the Inflation Reduction Act, can be met.

https://financialpost.com/pmn/business-pmn/lg-chem-to-invest-over-3-billion-to-build-u-s-battery-cathode-plant
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