Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > What could be holding us up?
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(225)
•••
Post by Allmanon Feb 15, 2023 7:07am
278 Views
Post# 35286762

What could be holding us up?

What could be holding us up?In a nutshell, final guidance, originally due end of 2022, has not yet been issued for the Inflation Reduction Act pertaining to Critical Minerals and Battery component value calculations for the New Clean Vehicle Credit - only proposed guidance in the form of a white paper issued by the US Treasury: 
https://home.treasury.gov/news/press-releases/jy1179.

Without final guidance, EV manufacturers would be taking on a fair bit of risk jumping the gun and potentially making unnecessary new investments in securing assumed compliant Critical Minerals. Supposing white paper Critical Mineral guidance is more or less finalized as currently proposed next month (March 2023), a central critical piece of the puzzle will be in place and FT should start to see some sooner than later favourable activity.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities