Fortune Minerals Ltd FTMDF

National Defense Industrial Strategy Implementation Plan

[Allman]

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

[good7news7soon]

Everyone waiting for Worley’s additional engineering and lead the preparation of an updated Feasibility Study for the NICO Cobalt-Gold-Bismuth-Copper Project, after the updated result all the big bosses will go crazy and jump on FT!