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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 Nov 30, 2022 4:06pm
136 Views
Post# 35140943

Canada keen on deals with Volkswagen and Mercedes-Benz

Canada keen on deals with Volkswagen and Mercedes-BenzCanadian government and industry appear to be making progress on the CM front, however slightly out of phase with FTs milestones - this gap needs to get bridged. 

Industry minister Francois-Philippe Champagne has embarked on a week-long trip to Belgium and Germany, where he will attend the management conference of Volkswagen and the board meeting of Mercedes-Benz Group, among other gatherings.

In August, the government signed memorandums of understanding with both groups during German Chancellor Olaf Scholz’s visit to Canada. This week’s trip is about “bringing that to the next level”, Champagne said in an interview.
The Volkswagen memorandum focused on deepening co-operation on battery manufacturing, materials and critical minerals. The German company promised to set up a Canadian office for its battery company, PowerCo. The Mercedes agreement had less-specific language about collaboration in the electric vehicle (EV) and battery supply chain. ...

“I don’t think they would invite the minister of industry of Canada to their board meeting if they were not serious,” Champagne said. Deals can be finalised in “the coming months”, he said.

https://www.businesslive.co.za/bloomberg/news/2022-11-30-canada-keen-on-deals-with-volkswagen-and-mercedes-benz/









































































































































































 

Canada's Prime Minister Justin Trudea. Picture: REUTERS/BLAIR GABLE
Canada's Prime Minister Justin Trudea. Picture: REUTERS/BLAIR GABLE

Canadian Prime Minister Justin Trudeau’s government is trying to land supply chain deals with major German vehicle manufacturers  in the face of fierce competition from the US on electric-vehicle production.   

Industry minister Francois-Philippe Champagne has embarked on a week-long trip to Belgium and Germany, where he will attend the management conference of Volkswagen and the board meeting of Mercedes-Benz Group, among other gatherings.

 

In August, the government signed memorandums of understanding with both groups during German Chancellor Olaf Scholz’s visit to Canada. This week’s trip is about “bringing that to the next level”, Champagne said in an interview.


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