Fortune Minerals Ltd T.FT

Global Partnerships Initiative Funding

[Allman]

The Global Partnerships Initiative page has been updated with Fortune Minerals at the top of the GPI Funded Projects list (and also the only mining company on the list).

Fortune Minerals Ltd.

Funding of $7.5 million, with an additional investment of US$6.4 million under the United States Department of Defense’s Defense Production Act, to advance engineering and processing to ensure a reliable North American supply of bismuth, cobalt, copper and gold.

https://www.canada.ca/en/campaign/critical-minerals-in-canada/federal-support-for-critical-mineral-projects-and-value-chains/global-partnerships-initiative.html

Global Partnerships Initiative (GPI)

Funding to advance the development of resilient, secure and sustainable critical minerals supply chains in Canada through international collaborations.

https://www.canada.ca/en/campaign/critical-minerals-in-canada/federal-support-for-critical-mineral-projects-and-value-chains.html

[Freedom2022]

For a grand total of around 17 million ,, and not too many projects funded,, too little and too slow,, wheres the urgency?   imo

[Jimmycash]

This post has been removed in accordance with Community Policy

[Jimmycash]

No urgency here Freedom...long term play...but when things get moving you'll miss a couple doubles before you can jump on...imo... "the big money is not in the buying and selling...but in waiting" (Jesse Livermore) ten bagger anyone??? gl longs

[Freedom2022]

Yes after 15 years here i know this is a long play,lol  im refering to the lack of urgency in the small amount of funding on a whole from the Can gov concidering there is several Billion dollars for CM/EV/Green  mining related resources promised over years,, at this rate they will spend 85 mill in 5 years? wheres the urgency?  FT has said around March for news concerning Rio

[red]

If this project was in Quebec or Ontario it would have been built by now unfortunately  ( depending how one looks at it) it's not. One way or the other the western transfer payments would support it lol.  we are fortunate to have an Alberta site for processing and as soon as we sort a few issues we will find out how much Alberta wants a facility like ours and how much alberta is

[red]

As soon as / until we start talking seriously about indigenous involvement we won't see big  gov $$ doors open as much as it could and needs creative thinking to escalate. It's a lot more than just having good relations and now is a good time to be talking on creative ways and means of that involvement...... zzz on the mater will not help as it's inevitable when the time comes so

[Jimmycash]

Gotcha...my bad....I would bank on RIO before Justin...or any Gov policy...hopefully gardners some attention for FT Cheers

[Freedom2022]

Gotta say , this time around it has never looked So promising for a positive result come March,, only once about 10 years ago ish FT was looking great , but several factors de railed that,, if your new here at  5 cents you may make a profit pretty easy, Not Me, i need 18 cents to break even. The "news release" section goes years back, but thats old FT,, the new FT lol  hasnt

[Baserunner]

Agree with you 2022! Been 20 yrs ! Never has the potential and news of this company been so good! But there is still something that is not right? Selling on a 4.5 BID and market cap of a expensive house on the bridal path in Toronto? FT is supposed to be ONE of Canada answers to critical materials question!!! Also to help RT in closing mines in NWT ? I'm still shaking my head! WHY???

[red]

BR - That "why" club is big ... lil ole Ft has the potential moreso now than ever and why ... we wait 

[Jimmycash]

Eric Sprout has said his stragedy in buying mining stock is to seek a 10 bagger or better, so if you follow his logic you will do ok. It has been my experience that when a mine finally gets attention it seems to hit $1B market share a lot of times. With FT's cap being 22.5M that provides an even better result, like a 45 bagger....With future investment though, comes share dilution