Fortune Minerals Limited (TSX: FT / OTCQB: FTMDF) leverages Trump’s tariff threats, boosting urgency for its NICO project—North America’s largest cobalt deposit, plus bismuth and gold. With $17M in 2024 funding from the U.S. DoD and Canada, rising metal prices, and a planned refinery, FT aims to meet surging EV and critical mineral demand, reducing reliance on China.
FT is up 200% since our previous report in November 2023. The company has secured grants totaling $16.2M from the U.S. Department of Defense, and the Government of Canada, to advance the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta. NICO hosts the largest primary cobalt deposit in North America, the world’s largest bismuth deposit, and 1.1 Moz gold. This joint-funding by the U.S. and Canadian governments is a key initiative under the Bilateral Energy Transformation Task Force,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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