Fortune Minerals secured a combined $16.2 million The race is on to secure critical minerals for the electric vehicle (EV) boom, and governments are stepping up with major funding. Fortune Minerals Limited (TSX: FT) is right in the thick of it, having just secured a combined $16.2 million from the U.S. Department of Defense and the Canadian government!
This hefty sum is propelling their NICO project forward, boasting the largest primary cobalt deposit in North America and the world's largest bismuth deposit.
Our analysts are bullish on Fortune Minerals, citing:
- A massive 200% share price increase since November 2023.
- Significant funding to develop North America's critical mineral supply chain.
- Collaboration with Rio Tinto to explore processing opportunities.
- Undervalued stock price compared to project potential.
If you're looking for opportunities in the EV metals sector, Fortune Minerals is definitely worth a closer look. Download the full report to learn more: https://www.researchfrc.com/content/reports/post/93/us-and-canadian-government-funding-likely-to-spark-ma-interest
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*Past performance is not indicative of future results.