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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.


TSX:FT - Post by User

Fortune Minerals Ltd
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Post by Allmanon Sep 30, 2024 9:26am
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Post# 36246624

China has broken the ‘Critical Minerals’ market

China has broken the ‘Critical Minerals’ market Interesting take from this article ...

low commodity prices will certainly help to give demand an impetus. The episodic price spikes during the last two decades prompted a huge engineering effort to reduce cobalt usage. The money spent in research and development created new battery chemistries such as NMC 811 that lowered the cobalt content in the battery’s cathode to just 10%, down from 20% in earlier batteries known as NMC 622, or even 30% in NMC 523.

At current cobalt prices, R&D dollars are going elsewhere, and the industry isn’t trying to cut the commodity usage. Indeed, the opposite is true, with executives telling me they see signs of the return of higher cobalt content for some battery applications

 
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