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.

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Fortune Minerals Ltd > US Faces New Challenges Meeting Increased Demand for CM's

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Post by Allmanon Aug 15, 2023 8:32am

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Post# 35588544

US Faces New Challenges Meeting Increased Demand for CM's

... ensuring enough qualifying supply to meet that demand faces "considerable challenges," according to a new analysis by S&P Global. ...
Of the four materials analyzed in the study, only lithium is likely to be sufficiently supplied to the United States under the IRA's domestic content requirements, given already-planned capacity additions in the United States and other FTA countries such as Chile, Canada and Australia, the study finds.
Cobalt and nickel are both unlikely to be sourced at levels high enough to meet demand.
While there is enough cobalt produced in FTA countries to meet the IRA domestic sourcing requirement, the United States does not currently source most of its cobalt from those countries. Doing so would require a challenging reorientation of trading patterns across several countries given intense international competition for resources, the study says. ...
https://www.prnewswire.com/news-releases/united-states-faces-new-challenges-meeting-increased-demand-for-critical-minerals-one-year-after-historic-inflation-reduction-act-sp-global-study-finds-301900445.html
https://cdn.ihsmarkit.com/www/prot/pdf/0823/Impact-IRA-Metals-Minerals-Report-FINAL-August2023.pdf