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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 Feb 27, 2023 8:20am
140 Views
Post# 35306642

S. Korea designates 10 'strategic' minerals

S. Korea designates 10 'strategic' mineralsConsidering Korea's recent US IRA Indonesia eligibility request and these Korean measures, a negative response from the US will certainly force the Koreans to get serious about looking for eligible critical mineral supplies.

... the government designated 33 key minerals and selected 10 of them as strategic key items that will come under beefed-up monitoring and supply management to minimize economic impacts of their possible supply risks. The 10 items are lithium, nickel, cobalt, manganese, graphite and five kinds of rare earths, according to the ministry.

The government will also develop a global supply map of those minerals and establish an early warning system to figure out related risks in advance.

By 2040, demand for lithium is expected to spike 42 times compared with 2020, and that for cobalt and nickel is predicted to surge 21 times and 19 times, respectively, according to government data.

South Korea will seek to deepen cooperation with resource-rich nations through senior-level diplomatic channels to ensure stable supplies. It also vowed to maximize the United States-led Minerals Security Partnership (MSP) framework to help domestic firms advance into foreign nations for key mineral development projects.

The MSP initiative was launched last year and involves 12 nations, including Australia, Canada, France and resource-rich African countries. ...


https://en.yna.co.kr/view/AEN20230227003300320?section=economy-finance/economy
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