Energy & Critical Metals
Fortune Minerals Welcomes Canada’s C$3.8 Billion Critical Minerals Strategy to Support Domestic EV Supply Chains
The NICO Project is one of the few advanced cobalt developments in the world to meet the growing demand in lithium-ion batteries powering electric vehicles…
LONDON, Ontario — Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com) is pleased to report on the C$3.8 billion of financial support for Critical Minerals announced in last week’s Government of Canada budget for 2022 (“2022 Budget”). The funds are being allocated to accelerate domestic production and processing of Critical Minerals, particularly cobalt, nickel and lithium used in the manufacture of lithium-ion rechargeable batteries for electric vehicles (“EV’s”), portable electronics, and stationary storage cells to make electricity use more eficient. Fortune’s 100%-owned NICO cobalt-gold-bismuth-copper project (“NICO Project”) is a vertically integrated Critical Minerals development comprised of a planned open pit and underground mine and mill in Canada’s Northwest Territories (“NWT”) and a planned hydrometallurgical refinery in Alberta. The NICO Project is one of the few advanced cobalt development assets in the world that can be developed in the timelines required to meet current cathode chemistries and will benefit from implementation of these programs. The Mineral Reserves for the NICO deposit also include 1.1 million ounces of gold, 12% of global bismuth reserves, and copper as a minor by-product. Read More
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Author: Business Wire
Resources Top 5: Fresh lithium-uranium IPO gets punters fired up, Galileo now +400pc in a week
Riversgold acquires key lithium ground in Pilbara Recharge Metals, Culpeo hit more copper paydirt at their respective discoveries; Galileo continues ……
Why Is Nio (NIO) Stock Up Today?
Bank of America analyst Ming Hsun Lee upgraded Nio (NYSE:NIO) from “neutral” to “buy”
The analyst raised his price target to $26 from $25
Shares…
Why Is Pioneer Power (PPSI) Stock Up Today?
Pioneer Power (NASDAQ:PPSI) surged today along with the broader electric vehicle (EV) sector
At the time of writing, PPSI stock has surged more than 14%…
Patriot Battery probes Quebec lithium-tantalum discovery
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Resources Top 5: Fresh lithium-uranium IPO gets punters fired up, Galileo now +400pc in a week
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