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 > Infl'n Reduction Act impact report lays bare CM fault lines

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Comment by Nemesison Sep 01, 2023 5:06pm

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Post# 35616836

RE:Infl'n Reduction Act impact report lays bare CM fault lines

Allman wrote: Reading this S&P report makes one wonder how it is that FT has not yet gotten traction - considering its reserves, etc.; it can't be long before they get their footing.

Report includes map of US Free Trade Agreement countries and prospective critical mineral partners, which from a visual perspective, is surprisingly not as many as expected.
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Includes table for Cobalt showing:
1. the Mined percentage of global production (2023 estimate) by non-FTA countries is 86.8%,
2. the Refined percentage of global production (2023 estimate) by non-FTA countries is 85.5%,
3. the percentage of US imports (2022 estimate) from non-FTA countries is 77.3%.

Notes that non-FTA countries include China and Russia. While Chinese and Russian entities are major producers, they are very likely to be designated "foreign entities of concern" and processing by them may disqualify input materials from IRA tax credits.

https://www.mining.com/us-inflation-reduction-act-impact-report-lays-bare-critical-mineral-supply-fault-lines/