FTMDF News and Press, Fortune Minerals Ltd From 12/12/19

The global transition away from the internal combustion engine (ICE) to electric vehicles (EVs) is accelerating, putting pressure on cobalt supplies around the world.  Especially now that lithium-ion battery-powered vehicles are approaching cost parity with fossil fuel burners, more dri...

Welcome to the November 2019 cobalt miner news. The past month saw cobalt prices move sideways, and plenty of news from the cobalt miners. The biggest news/shock for the month was the massive Katanga Mining C$7.6b discounted rights offering to pay back debt owed to Glencore. Clearly this has a...

Agreement enables Fortune to construct an access road across Tlicho-owned lands Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“ Fortune ” or the “ Company ”) ( www.fortuneminerals.com ) is pleased to announce that it has signed an Access Agreement wit...

Proceeds of issue will be used to fund NICO Project eligible Canadian Exploration Expenses NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“ Fortune ” or the “ Company ...

Fortune Minerals  (TSX: FT ,OTCQB:FTMDF) CEO Robin Goad believes that the electric vehicle (EV) market is moving increasingly towards a nickel – manganese – cobalt (NMC) battery cathode chemistry. Even with greater adoption of lower cobalt NMC metal ratios, cobalt is expec...

Welcome to the October 2019 cobalt miner news. The past month saw cobalt prices slightly lower after recent rises; however, LME inventory fell significantly. The biggest news for the month was the multi-year LG Chem (LGCLF) deal to acquire cathode material from Umicore. LG is said to be supply...

Canadian cobalt developer Fortune Minerals (TSX: FT ,OTCQB:FTMDF) is scaling back its NICO cobalt- gold project in the Northwest Territories, Canada, due to the current cobalt price volatility. The Ontario-based company had been evaluating an expanded mill throughput rate of 6,000 tonnes ...

The 6,000 tpd throughput rate that was being considered for the development is not justified in the current cobalt price environment - Efforts are refocusing on the previous 4,650 tpd rate Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) (“ Fortune ” or the “ Comp...

Welcome to the September 2019 cobalt miner news. The past month saw cobalt prices recover strongly, and a quieter month for news flow. Cobalt price news As of September 18, the cobalt spot price was US$16.56/lb , up significantly from US14.29/lb last month. The LME cobalt price is US$...

Welcome to the August 2019 cobalt miner news. The past month saw cobalt prices rise strongly, and several companies announce they are terminating or cutting back cobalt production due to low prices. This follows on from ERG's decision to cut cobalt output earlier in the year, and many DRC ar...