fortuneminerals
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Cobalt
 
S&P Global Platts - October 14, 2020
Pittsburgh — The Canadian government must strengthen the country's position as an electric vehicle manufacturer by investing further ...
for the upstream portion of the EV battery supply chain will also grant Canadian metal and mining companies an ...

The Canadian government must strengthen the country's position as an electric vehicle manufacturer by investing further upstream in the industry's battery supply chain…"The midstream investments don't make the headline news as does funding for automobile assembly plants but are absolutely critical if we want to connect our raw mineral resources to future domestic production of new generation automobiles," Mell said in a statement…"The most expensive component of an electric vehicle is the battery, which is made up of raw materials that are readily available in Canada," Mell said. "We see firsthand how other countries are securing a competitive advantage with integrated and streamlined domestic supply chain investments."…The critical upstream infrastructure needed to convert Canada's mining output for the domestic EV industry includes mineral refining, precursor and cathode production, and battery cell manufacturing…The development of a cathode plant costs a fraction of the cost of an automotive assembly plant, he added…"Without these critical components of the next generation auto supply chain there is little incentive to keep auto manufacturing plants in Canada over the long term," the executive said…Government support for the upstream portion of the EV battery supply chain will also grant Canadian metal and mining companies an advantage when competing for necessary investments...

 
 
EVs & Energy Storage
 
Unknown - October 15, 2020
Fisker Inc, which is going public through a merger with a so-called blank check company, said on Thursday auto supplier Magna International Inc will supply the vehicle platform and build the electric carmaker's Ocean SUV.

As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, giving the EV maker an overall valuation of about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters…Fisker, which is merging with Spartan Energy Acquisition Corp SPAQ.N, said it had finalized a deal with Canada's Magna to build the Ocean in Europe, marking the Canadian supplier's first entry into contract manufacturing for an EV startup…While Magna has built vehicles for traditional automakers for years, analysts and investors have speculated it could eventually build for technology companies like Apple Inc…Magna retrofits vehicles for Alphabet's Waymo and builds vehicles for BMW AG, Daimler AG's Mercedes-Benz and Tata Motors Ltd's Jaguar Land Rover at its plant in Graz, Austria…Magna also has a tentative deal to build vehicles for EV startup Canoo Holdings Ltd , which is also going public later this year through a reverse merger with a special-purpose acquisition company, or SPAC…Use of Magna’s aluminum-intensive vehicle platform will allow the Ocean to have an electric driving range of more than 300 miles (483 km) and enable Fisker to offer buyers the option of a third row of seating, Henrik Fisker said…The vehicle will have a starting price of $37,499.

 
 
fortuneminerals
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.

DISCLAIMER

Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.