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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 Spuds21on May 18, 2023 11:51am
151 Views
Post# 35454655

In the mean time...

In the mean time...

“The demand for electric vehicles is increasing and Northern Ontario is poised to take advantage of the opportunities the changing market is presenting. Our government is pleased to support this project that will enable Electra Battery Materials Corporation to expand its operations, create well-paying jobs for Canadians, reduce the company’s environmental footprint and increase its global competitiveness in the electric vehicle parts and battery manufacturing supply chain.”

- The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor, and Member of Parliament for Thunder Bay–Superior North

As North America's only producer of cobalt sulfate, Electra Battery Materials Corporation would enable Canada to enter the ecosystem of electrification, attracting further investments in the changing auto industry supply chain. The cobalt sulfate produced at the facility would help with Canada's carbon dioxide reduction strategy and support the development of 645,000 electric vehicles annually.”

- The Honourable Franois-Philippe Champagne, Minister of Innovation, Science and Industry

“Today’s announcement will help create many new economic benefits in the Nipissing–Timiskaming area. With one of the largest concentration of mining and related businesses in Canada, Northern Ontario’s mining industry is a key economic driver that fuels social and economic growth, while creating jobs and opportunities for families throughout the region.”

- The Honourable Anthony Rota, Member of Parliament for Nipissing–Timiskaming

“We are delighted to partner with Canada on this Battery Materials Park project. Ontario is home to North America’s only battery-grade cobalt refinery, an abundance of nickel, and clean hydroelectric power. Together, we can leverage Electra's existing footprint and the Government of Canada’s ambitions to build a world-class battery supply chain. This is a great example of a true win-win where the public and private sectors are coming together to create meaningful economic opportunity."

- Trent Mell, President & CEO, Electra Battery Materials Corporation

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