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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 Mar 16, 2023 8:02am
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Post# 35341891

EU Moves on Critical Raw Materials

EU Moves on Critical Raw MaterialsWith the EU importing 74% of cobalt from the DRC and 84% of bismuth from China, looks like they'll diversify their sourcing.

The European Union presented plans Thursday to fundamentally revamp its policies on dealing with critical raw materials, imposing limits on imports from countries like China ...

The lynchpin in the proposal is a commitment to produce at least 40% of the clean tech needed by 2030 in the 27-nation bloc, while at the same time ensuring that not more than 65% of consumption of any strategic raw material comes from a single third country — in practice, often China. 

https://www.usnews.com/news/business/articles/2023-03-16/eu-moves-on-critical-raw-materials-to-boost-home-production


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