IIROC Trade Resumption - FT

IIROC Trade Resumption - FT

Trading resumes in:

Company: Fortune Minerals Limited

TSX Symbol: FT

All Issues: Yes

Resumption (ET): 9:30 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

Cision View original content: https://www.newswire.ca/en/releases/archive/May2023/24/c2818.html

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Fortune Minerals Enters Into Convertible Securities Funding Agreement for up to C$10 Million With Lind Partners

Fortune Minerals Enters Into Convertible Securities Funding Agreement for up to C$10 Million With Lind Partners

Initial C$1.25 million drawdown used to pay a C$1 million downpayment for the Alberta refinery site

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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Canadian Investment Regulatory Organization Trade Resumption - FT

Canadian Investment Regulatory Organization Trade Resumption - FT

Trading resumes in:

Company: Fortune Minerals Limited

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Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Government of Canada funding for additional engineering and test work to build on and complement activities being supported by the U.S. Department of Defense

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company's 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (" NICO Project "). The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling approximately C$10 million through the Global Partnerships Initiative (" GPI "). Natural Resources Canada (" NRCan ") is the funding department for the GPI and Fortune will provide additional due-diligence information and complete a Contribution Agreement over the next few weeks. The objectives of the work being funded by NRCan are to build on and complement the programs being supported by the U.S. Department of Defense (" DoD ") through the Company's Defense Production Act (" DPA ") Title III award for US$6,380,555 (~C$8.74 million) (see the news releases also dated May 16, 2024). The total amount of non-dilutive funding that Fortune expects to receive from the U.S. and Canadian governments is approximately C$16.2 million. This important cross-border initiative is aligned with the Canada U.S. Joint Action Plan on Critical Minerals Collaboration to strengthen North American production of the metals needed in essential industries and new technologies to support the energy transition and the growing green economy.

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Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Expanding domestic production of cobalt for the battery supply chain & energy transition

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that the United States Department of Defense ( "DoD ") has awarded the Company a US$6,380,555 (~C$8.74 million) grant under the Defense Production Act (" DPA ") Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (" NICO Project ") toward a project construction decision.

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Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing

Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing

Alberta Refinery site purchase option extended to mid-May

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (" NICO Deposit ") in the Northwest Territories (" NWT ") to SGS Canada Inc. in Lakefield, Ontario. These ores will be used to conduct additional metallurgical testing and pilot work to validate recent optimizations and support detailed engineering and an updated Feasibility Study for the vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals project in Canada (" NICO Project "). Intermediate test products produced from NICO Project ores and concentrates will also be blended with metal precipitates sourced from Rio Tinto's Kennecott Smelter in Utah to assess the feasibility of processing these materials to recover additional bismuth and cobalt at Fortune's planned hydrometallurgical refinery in Alberta (" Alberta Refinery "). Successful validation of the Fortune optimizations and processing of Rio Tinto precipitates would increase Critical Mineral production and revenues and reduce waste disposal costs for the planned Alberta Refinery.

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Fully charged green battery symbol with electric waves.

Battery Metals Investing in Australia

The energy sector is largely shifting away from carbon-based fuels and towards renewable alternatives, with the green battery boom being an especially salient example of this trend.

As the name suggests, battery metals are key components of electric vehicle (EV) batteries, and as this sector continues to grow these commodities are quickly becoming critical raw materials. What metals are in batteries? Investors have likely already heard about lithium and cobalt, the darlings of the EV industry, but other common battery metals include nickel, graphite, manganese and vanadium.

Among the battery metals Australia produces, lithium reigns supreme. In fact, the country is the world’s largest supplier of this popular metal. Cobalt, graphite and manganese are also part of the lithium-ion battery market, while vanadium can be used to create vanadium redox batteries.

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Coniagas Applies for Permits to Expand on Current 28.9 m of 2.28 % CuEq in MHY Zone

Coniagas Applies for Permits to Expand on Current 28.9 m of 2.28 % CuEq in MHY Zone

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC June 12 2024 TheNewswire Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is pleased to provide an update on the ongoing exploration activities at the Graal property, highlighting the potential of this strategically located asset near Saguenay-Lac St. Jean, Quebec.

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Albemarle Introduces Project Plan for the Kings Mountain Mine to Community

Albemarle Introduces Project Plan for the Kings Mountain Mine to Community

Plan includes responsible land and material use, environmental protection measures and ongoing community engagement

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, has introduced its project plan for the Kings Mountain Mine, one of the few known hard-rock lithium deposits in the U.S. The plan includes the proposed site footprint, primary physical features and details of the mining processes. Pending permitting approval and a final investment decision, the mine is anticipated to produce approximately 420,000 tons of lithium-bearing spodumene concentrate yearly, providing a crucial building block for sustainable transportation and to support key defense applications.

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Energy Fuels Achieves Commercial Production of 'On-Spec' Separated Rare Earths at its White Mesa Mill in Utah, While Simultaneously Advancing Uranium Production

Energy Fuels Achieves Commercial Production of 'On-Spec' Separated Rare Earths at its White Mesa Mill in Utah, While Simultaneously Advancing Uranium Production

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ( "Energy Fuels" or the "Company" ), a leading U.S. producer of uranium, rare earth elements (" REEs "), and vanadium, is pleased to announce that it has achieved commercial production of separated neodymium-praseodymium (" NdPr ") at its White Mesa Mill in Utah (the " Mill "). Critically, the NdPr produced by Energy Fuels' meets the applicable product specifications of REE metal-makers, who specialize in the manufacture of REE-based alloys required for the permanent magnets widely used for electric motors in both battery powered electric vehicles (" EVs ") and dual power hybrids. Further, this 'on-spec' NdPr is now able to be produced by Energy Fuels at the full design capacity of its new Phase 1 REE separation circuit (850 to 1,000 metric tons (" tonnes ") of NdPr per year). The Company expects to have commercial quantities of separated NdPr available for shipment by the end of June 2024 . Energy Fuels believes this is the first time in several decades that a U.S. company has produced on-spec separated REE's from monazite on a commercial scale.

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Patriot Expands High-Grade "Vega Zone" at CV13 with Multiple Drill Intercepts

Patriot Expands High-Grade "Vega Zone" at CV13 with Multiple Drill Intercepts

Highlights
  • Significant expansion to the recently discovered high-grade zone (herein termed the " Vega Zone ") at the CV13 Spodumene Pegmatite. Highlights include:
    • 33.4 m at 2.40% Li 2 O , including 11.1 m at 4.33% Li 2 O , and 17.6 m at 1.89% Li 2 O , including 5.6 m at 3.40% Li 2 O (CV24-507).
    • 43.2 m at 1.10% Li 2 O , including 12.9 m at 3.06% Li 2 O (CV24-498).
    • 27.1 m at 1.02% Li 2 O including 7.6 m at 2.39% Li 2 O (CV24-513).
    • 32.1 m at 0.78% Li 2 O , including 10.7 m at 2.17% Li 2 O (CV24-499).
  • Vega Zone is open in several directions with multiple step-out holes remaining to be reported.
    • High-grade mineralization is relatively flat-lying to shallow dipping and has now been delineated over a significant area and thickness.
  • Highest individual core sample assay reported to date at Corvette – 1.7 m at 7.01% Li 2 O (CV24–507, Vega Zone).
  • Along the western arm at CV13, mineralized pegmatite has been extended down-dip to over 400 m (~190 m vertical depth from surface) with intercepts including 13.5 m at 1.15% Li 2 O (CV24-497), and 8.6 m at 1.21% Li 2 O (CV24–518).
  • Results for 32,149 m (83 holes) remain to be reported from the 2024 winter drill program – 27,611 m (67 holes) at CV5, and 4,538 m (16 holes) at CV13.
  • The Vega Zone will be a key target for the upcoming summer drill program, with details of the program to be released to the market in the coming weeks.

June 11, 2024 Sydney, Australia

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the next batch of core assay results from the CV13 Spodumene Pegmatite, including holes targeting the recently discovered high-grade zone (herein termed the "Vega Zone"), from its recently completed 2024 winter drill program at Corvette. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec . The CV13 Spodumene Pegmatite is located approximately 3 km west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li 2 O inferred 1 and is situated approximately 13.5 km south of the regional and all–weather Trans-Taiga Road and powerline infrastructure.

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Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties

Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") announces the termination of its previously announced letter of intent with Meteor Energy, LLC, for the sale of 100% of the Company's interest in its Argentina subsidiary, Resource Ventures S.A. ("ReVe"). ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The Company is now in discussions with several other parties interested in acquiring the Company's Argentinian lithium properties, but has not reached any further sale agreements as at the date of this news release.

The Company also announces that due to challenging market and financing conditions it is postponing the completion of its previously announced spin-out by way of plan of arrangement involving the Company's wholly-owned subsidiary, Edison Cobalt Corp. (the "Spin-Out") until further notice. The Spin-Out received court and shareholder approval earlier this year and remains subject to final acceptance by the TSX Venture Exchange.

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