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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 Jim1712on Apr 08, 2024 2:54pm
202 Views
Post# 35977373

Bismuth magnets !!!!!!!!!!

Bismuth magnets !!!!!!!!!!

 

 

RARE EARTH FREE PERMANENT MAGNET - DA Technology Co., Ltd and Korecen Co., Ltd jointly completes prototype production of 'Mn-Bi based permanent magnet'


NEWS PROVIDED BY

Korecen 

11 Jul, 2023, 05:26 ET

 

SEOUL, South Korea, July 11, 2023 /PRNewswire/ -- DA Technology and Korecen succeeded in producing a prototype of 'Manganese-bismuth (Mn-Bi) magnet', which is attracting attention as an opponent of rare earth magnets, and took a step closer to commercialization of non-rare earth permanent magnets.

Both companies announced on the 26th of June that they had succeeded in producing an initial prototype of the Mn-Bi magnet. This prototype's sample's performance is close to its theoretical maximum, officials said.

Korecen plans to begin performance verification and improvement work after a full-fledged pilot test (preliminary test).

In addition, based on the prototype, it plans to promote partnering meetings with related companies. The company explains that it has been discussing collaboration with global electric vehicle companies and battery manufacturers as well as home appliance companies in advance.

An official from DA Technology said, "We believe that permanent magnet materials are not limited to rare earth elements or electric vehicles, but are an important element indispensable to the 4th industrial revolution, such as robots and energy, and are strengthening our competitiveness as a future food business. As much as possible, we will create meaningful results by promoting commercialization of Mn-Bi based magnets, such as patent and technology transfer and production facility construction."

Based on the pilot product, both companies are accelerating performance supplementation with the goal of mass production in 2025, and this will be the world's first Mn-Bi based permanent magnet mass production facility.

About DA Technology

DA Technology is a Korean KOSDAQ listed public company based on the secondary battery equipment business. (https://www.dat21.co.kr/en/)


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