Fortune Minerals Ltd T.FT

Canada critical minerals interactive map

[Allman]

The Canada CM interactive map has a feature where if you click on the high level layers, e.g. Advanced Projects, Mines, etc, you can open their respective database and then search by CM, e.g. cobalt (or bismuth for that matter). Doing this for Advanced projects identifies two operators with proven and probable reserves, Dumont and NICO. Dumonts cobalt production is forecasted to initially be 1.0 ktpa and growing to 2.0 ktpa in seven years time. NICO's average cobalt production is forecasted to be 1.8 ktpa average over the first 14 years. No other advanced project appears to have proven and probable reserves. The existing mining operations, i.e. Glencore and Vale, whose respective 2021 cobalt production was 1.1 and 2.6 ktpa, seem to have commitments for their foreseeable future production, e.g. streaming deals. The million or billion dollar question is, if you're a Hyundai, Volkswagen, Mercedes, etc looking for Canadian cobalt in the next 3-5 years, what are your options?

https://atlas.gc.ca/critical-minerals/en/

[red]

Great post ! Sooner or later we will have to stop with the etc etc' sand start naming all the potentials which clearly are not limited to automakers, altho there are many of those.  as more of this come to light it's my hope that the average joe begins to see what potential we see with that list of potential end users and or suppliers to this end users and why FT sits pretty good to

[Allman]

My kick at the can re naming "etc" potentials, i.e. some North American located manufacturers possibly requiring to secure IRA compliant cobalt (in those cases where it wasn't apparent a source has been secured). 1. LG Energy re. Honda JV, Stellantis JV, plus LG's two independent plants. Note: Electra to supply 7kt cobalt sulphate for the period 2023-25 plus Electra and LG

[elitespooner]

Good post, IRA compliant cobalt ... does that stick around with a republican senate ?? ps. were missing the other 40

[red]

Great start .....so we look at the map ( one of few which we are finally getting noticed on) and then consider then consider Champagne comments .... "Investments will span the capital structure, and could include equity, debt and derivative contracts…In September, for example, industry minister Franois-Philippe Champagne, said he would be reaching out to large funds about building of dozens

[elitespooner]

not an interactive map (hopefully, less than the arriveCan app) .. You cant make this up; "free trading partners" offer these for those investors; CDN govt goes after Chinese capital LME towards Russian metals ban Glencore Canada, a good read under Values... meanwhile Parent, enters guilty plea to bribery and market manipulation and I'm negative...