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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 > Other Places In Canada
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Post by Lotten on Oct 06, 2022 6:26am

Other Places In Canada

I know it has nothing to do with FT, and it's maybe not fair to compare with FT, but take a look on what's happening in the cobalt world somewhere else in Canada.

Progress and development.


https://www.prnewswire.com/news-releases/electra-makes-continued-progress-on-cobalt-refinery-project-and-prepares-for-black-mass-recycling-demonstration-301634891.html

https://fusecobalt.com/fuse-cobalt-signs-mou-with-electra-battery-materials-as-a-first-step-to-supply-cobalt-raw-material-for-electras-cobalt-refinery-in-ontario/

We have a dream that one day it's our turn.

Have a nice weekend!
Comment by red on Oct 06, 2022 8:12am
oh i think fair to consider that with some 300 new mines required and to our knowledge none as advanced as FT / Nico, also fair to assume we will be a recipient of federal support and we are on someones radar. the support that FT may have with the feds coukd be the trigger to some group jumping in or taking us over. 
Comment by Lotten on Oct 06, 2022 10:43am
Exactly what we've been telling ourself for some years now, but nothing happens. Someone are waiting in the shadow to fund us, but they never show us who they are. Missing out on buying the refinery site by september was an extremely bad sign. The company was pleased to tell us in a press release that they had secured an extension. What it really means is that Haywood can't find the ...more  
Comment by red on Oct 06, 2022 11:09am
Clearly the technical nature of our deposit and processing, while near a one of a kind, also limits the playing feild of potential partners, seems almost to small for the really big guys and to big for the smaller ones - but there is a fit out there and why that fed money and program is critical to us. we have never looked as good as we do in these times. Haywood has a job on there hands to find ...more  
Comment by Allman on Oct 06, 2022 11:36am
I suppose without a guaranteed feedstock (aka NICO mine) and hence refined product revenue, a refinery loan cannot be paid and consequently a lender not found. The linchpin is the Canada Critical Minerals Strategy and the financial assistance it may provide to Fortune Minerals and its' potential partners. Once this is known, partners can better quantify their risks, liabilities and benefits ...more  
Comment by Yellowknifer69 on Oct 06, 2022 12:16pm
Hello and good morning Longs: Same Shyte, different year.    And we wait,  Christmas is coming EOM Yellowknifer
Comment by red on Oct 06, 2022 1:49pm
say what one will....clearly times are changing in our favour lmost every day, sooner or a bit later as someone is going to see this opportunity. FT is an answer for the right partner who knows how to play the marketing game and will enjoy the benifits that NICO can bring. From cobalt news today.... U.S. shift on child labor may scramble EV sector - E&E News (eenews.net) "The Department ...more  
Comment by Allman on Oct 06, 2022 2:05pm
Good one Red. This initiative is right up there with the Inflation Reduction Act in terms of getting FT over the line. With a bit of luck, a Volkswagen or Hyundai strikes before the ink dries on Canada's Critical Mineral Strategy.