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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 > One would think alarms are…
View:
Post by red on Feb 22, 2023 7:31am

One would think alarms are…

...going off somewhere and here sits lil ole FT ready to go and ripe for the picking.....in fact so ripe we are falling from the tree .....maybe RG should contact military news guys who wrote the article and give them 100,000  shares and let them go to work.

the USA military is not one to play second fiddle to any one .....from Cobalt news....

While there are several rare earths that are of significant importance, cobalt and lithium are of particular concern. These two elements in particular will be of great importance as there is a push to electrify transportation in the civilian and commercial sectors, and the incorporation of next-generation batteries becomes increasingly important in military applications. Should China use its existing control of the market to distort prices or disrupt of cut off supplies of critical minerals completely, the United States could find itself at a serious economic and military disadvantage…Chaos in the domestic supply chain could ensue for an already fragile supply chain if batteries can’t be sourced for the electric powered commercial transport vehicles that some states are now mandating. The supply chain for military equipment that relies on lithium ion-batteries as well as other rare earths could also be disrupted, jeopardizing readiness and the ability to respond to future conflicts…Winning this geopolitical contest against China is going to be a monumental effort that will require all-hands on deck.....
Comment by Allman on Feb 22, 2023 9:43am
I'm sure alarms are going off Red, especially given that 70% of cobalt and 80% of bismuth (which has a near zero recycling rate and no US government stockpile) is refined in China. Considering geopolitics, their current applications and recent R&D activity which continues to demonstrate the technical importance and expanding uses of these metals in a green economy, FT must be on many ...more  
Comment by AbuBaba on Feb 22, 2023 6:45pm
"Electric Cars From China Are Filling European Streets" (31 Jan 2023) https://insideevs.com/news/641976/chinese-evs-filling-european-streets/ "BMW to axe UK production of electric Mini and relocate to China" (15 Oct 2022) https://www.theguardian.com/business/2022/oct/15/bmw-axe-uk-production-electric-mini-relocate-china