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Bullboard - Stock Discussion Forum Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Volkswagen Teams up With Canada in Battery Materials Push
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Post by Allman on Aug 23, 2022 10:58am

Volkswagen Teams up With Canada in Battery Materials Push

Volkswagen aims to build, with partners, six large battery cell factories in Europe by 2030 with a capacity of around 240 gigawatt hours, as well as a dedicated factory in North America for which it is currently examining potential sites.

Under the agreement with Canada, Volkswagen aims to deepen cooperation with Canada's mining sector and could even become a shareholder in local mining firms to make sure it is first in line when it comes to supply.

The MoU also includes the production ramp-up of so-called cathode materials, which include nickel cobalt aluminium (NCA) oxide and nickel cobalt manganese (NCM) oxide.

https://money.usnews.com/investing/news/articles/2022-08-23/volkswagen-teams-up-with-canada-in-battery-materials-push#:~:text=Aug.%2023%2C%202022%2C%20at%2010%3A36%20a.m.&text=FRANKFURT%20(Reuters)%20%2D%20Volkswagen%2C,agreement%20with%20top%20supplier%20Canada.
Comment by Allman on Aug 23, 2022 11:06am
... waiting now to see how Korea responds ...
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