By Nick Smith
Cobalt does not usually get much attention from investors. Recent news about Tesla’s (NASDAQ:TSLA) and worldwide demand for lithium ion batteries has driven the price of lithium and the companies producing and exploring for the resource to new highs. However, analysts and experts have been looking at the battery supply
Fortune Minerals Limited (TSX: FT) announced today that it has added Glen Koropchuk to its board of directors. Koropchuk is a mining engineer with nearly 30 years of executive management, mine operations, project management and corporate social investment work.
According to the press release:
Glen Koropchuk has had prodigious global experience within
By Jocelyn Aspa
Fortune Minerals (TSX:FT) has announced that it has completed a fully subscribed $1.25 million non-brokered private placement of units, with a total of 12,500,000 units issued at a subscription price of $0.10 per unit.
As quoted in the press release:
Each Unit consists of one common share of the Company and one-half
Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) announced that the Northwest Territories’ Department of Transportation has submitted the permit applications required to build a highway to the community of Whati.
Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) announced that it’s completed the first tranche of an anticipated $1-million non-brokered private placement of its capital stock. The first tranche brought in $500,000.
Fortune Minerals is a North American development-stage mining company and past producer.
A report released this week by Amnesty International reveals that not all is well in the cobalt space.
Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) announced that SGS Canada Inc. has produced a “premium high purity cobalt sulphate heptahydrate sample” from a cobalt sulfate product made from concentrates from Fortune’s NICO gold-cobalt-bismuth-copper deposit.
What’s the cobalt outlook for 2016? The Investing News Network spoke with industry experts including Chris Berry and Andrew Miller to find out.
Andrew Miller of Benchmark Mineral Intelligence shares his thoughts on what Volkswagen’s electric vehicle announcement could mean for demand for the raw materials needed to make electric vehicle batteries.
The buy comes as the government looks to resolve issues raised by the local Tahltan Nation regarding development of the project.
Chris Berry is known for his positive view on energy metals in the midst of broader weakness in commodities prices. He brought up that point of view again during his presentation at this year’s PDAC conference in Toronto, giving some insight into why he favors metals like lithium, graphite and
Dolly Varden Silver, Golden Arrow Resources, Levon Resources and Northair Silver are among the silver-focused companies that will be at PDAC. Read on to learn more about them.
Tesla Motors and its lithium-ion battery gigafactory definitely stole the show in the cobalt market this past year. Looking forward, it appears that increased demand from that facility and others will begin to push the market into deficit.
Last week represented a major milestone for Canada’s Fortune Minerals (TSX:FT). The company announced on Wednesday that it had secured a 100 percent ownership in the Revenue Silver Mine (RSM) in Colorado, allowing it to step up from developer to producer.
Connect with our Featured Silver Stocks to receive the latest news and investor presentations.