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FORTUNE MINERALS LTD - FTMDF STOCK NEWS

Welcome to our dedicated news page for FORTUNE MINERALS (Ticker: FTMDF), a resource for investors and traders seeking the latest updates and insights on FORTUNE MINERALS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FORTUNE MINERALS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FORTUNE MINERALS's position in the market.

Rhea-AI Summary
Fortune Minerals extends purchase option for Alberta Refinery site and conducts metallurgical testing for the NICO critical minerals project. The NICO Project aims to provide North American supply of critical minerals for the energy transition and new technologies.
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Fortune Minerals Limited has secured an extension to purchase the JFSL Field Services ULC brownfield industrial site in Alberta. The company plans to construct a hydrometallurgical refinery to process concentrates from the NICO cobalt-gold-bismuth-copper critical minerals deposit. This project would produce cobalt, bismuth, copper, and gold. Fortune also closed a private placement to fund a metallurgical test work program. The company is waiting for the government ice road to open to transport ore samples for the planned test work program.
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Fortune Minerals Limited (FT) secures government funding of up to $887,170 for NICO Project, extends debts, and appoints new auditors. The NICO Project aims to provide a vertically integrated Canadian supply for critical minerals, with government funding supporting metallurgical test work.
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Fortune Minerals and Rio Tinto collaborate to improve recovery of cobalt and bismuth. Testing will be done at Rio Tinto Kennecott's operations in Utah and Fortune's planned Alberta Refinery. The partnership aims to maximize critical mineral supply chain investments and increase Fortune's refining operations. Cobalt is used for rechargeable batteries and energy storage, while bismuth has various applications. This collaboration could support greater production of metals for the energy transition and sustainable economy.
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FORTUNE MINERALS LTD

OTC:FTMDF

FTMDF Rankings

FTMDF Stock Data

12.78M
467.61M
4.44%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
London