Fortune Minerals Ltd T.FT

updated FS required?

[Freedom2022]

I E-mailed my potiential Graphite mine company in Que (mentioned in previous posts) and they informed me " now that we have a updated Feasibility study done in hand for the project , it could qualify for IRA funding and other programs. These programs are looking for companies that have reached the FS stage! Fortune has Not! Is this a Major hurdle to delay the millions, the company desperatly needs ? and how many shares would FT need to issue to pay for the FS if we need it to qualify for IRA and other programs ? let alone the Alberta site,, cheers!

[red]

Besides the obvious NICO is permitted...with a few obstacles resolved we are near term and I would like to believe that means something and is worth something in this macro ...which seeems to get better everyday...from CBC article... " ...The government source used the critical mineral sector as an example of where the government wants to accelerate production. The tax credit would provide

[red]

If we are not eligible to be on the top of this list it will be remarkable ... from cobalt news  "The U.S. military will deliver funds this spring to critical minerals projects in both the U.S. and Canada. The goal is to accelerate the development of a critical minerals industry on this continent…The U.S. is desperate to reduce its reliance on its adversary for materials needed to

[Allman]

Agreed Red, it would be remarkable. Matter of fact, the webinar that was held last September for Canadian critical minerals industries to learn how to qualify for financial grants under Title III of the Defence Production Act specifically indicated that funds could be used for "feasibility studies". i.e.  The Department of Defense's Defense Production Act (DPA) Title III office

[Tuckerthefox]

Nice one Allman