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Fortune Minerals Ltd FTMDF


Primary Symbol: T.FT

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 > National Defense Industrial Strategy Implementation Plan
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Post by Allmanon Oct 30, 2024 9:27am
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Post# 36288448

National Defense Industrial Strategy Implementation Plan

National Defense Industrial Strategy Implementation Plan Nice mention of Fortune Minerals in the US DOD's National Defense Industrial Strategy Implementation Plan for FY2025 (p. 81), as well as a reminder that the US DOD (as well as others) are keenly interested in getting the NICO project on its feet as soon as possible.

DoD has accelerated progress in this domain through direct investments and collaborative action with international partners. DoD has prioritized developing domestic sources for critical materials urgently needed to reduce long lead times for defense systems, investing in munitions production, and diversifying the supplier base. Examples include: ... DoD announced awards of $6.4 million and $8.3 million in May 2024 to Canadian companies Fortune Minerals Limited and Lomiko Metals, Inc. to build resilience in the cobalt and graphite supply chains and support the U.S.-Canadian Joint Action Plan on Critical Minerals. These awards represent the first DPA awards using the expanded definition of DPA domestic sources (see “Economic Deterrence” section).

https://www.businessdefense.gov/docs/ndis/NDIS-Implementation-Plan-FY2025.pdf
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