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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 Jan 19, 2024 7:46am
284 Views
Post# 35835427

Centre for Future Materials

Centre for Future MaterialsSheer postulating on my part, but is it possible that Fortune and Rio's collaboration "to develop technology that will improve recovery of the critical minerals cobalt and bismuth" receives assistance from Rio's Centre for Future Materials led by London's Imperial College - seems like a project which is aligned with the goals of the new centre, which are to "transform the way vital materials are produced, used and recycled, and make them more environmentally, economically and socially sustainable". As a side note, the Energy Futures Lab at Imperial College, which does multi-disciplinary research developing a sustainable energy supply, has published work which is highly optimistic about bismuth's role in a sustainable world.  Some rarefied speculation, but what the heck.

https://www.riotinto.com/en/news/releases/2023/rio-tinto-commits-150-million-to-centre-for-future-materials-led-by-imperial-college-london

https://energyfutureslab.blog/2020/11/16/bismuth-based-semiconductors-for-sustainable-energy-harvesting/
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