Fortune Minerals Ltd T.FT

U.S. partners with Canada and other countries to secure CM’s

[Allman]

First the 2022 federal budget CM funding initiatives, and now in addition, the US led Minerals Security Partnerships initiative; when it rains, it pours. One concludes that obtaining favourable financing by FT and Haywood will be like shooting fish in a barrel.

... Mr. Fernandez said it’s critical for the U.S. and democratic allies such as Canada to build robust, responsible supply chains for critical minerals and metals – such as those used in electric vehicle batteries – that are vital to economic prosperity and achieving global climate goals.

One of the key parts of the partnership is for these countries to share information on critical and rare earth deposits and to find Western investors to develop the mining and processing facilities, he said.

The goal is also to share financing with government development banks as well as the private sector, he said.

“Our calling card here is that we will adhere to the highest of our local social and governance standards so we avoid a race to the bottom,” he said. Efforts must also be made to reuse batteries and other components to contribute to the fight against climate change. ...

https://www.theglobeandmail.com/politics/article-us-signs-up-canada-and-other-countries-in-deal-to-secure-supplies-of/

[red]

Typicall up here when faced with what looks like a barrel of fish ...and I just flew into a lake that was exactly that, no need to shoot ....toss in a la hook, your coming out with something ....in my case it was pickerel ....let's see what FT pulls out.