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Cobalt & Bismuth
 
Metal Tech News - August 15, 2025
AI-Generated by ChatGPT U.S. Geological Survey The U.S. is more than 50% reliant on imports for 28 critical minerals and 18 other mineral ...
AI-Generated by ChatGPT U.S. Geological Survey The U.S. is more than 50% reliant on imports for 28 critical minerals and 18 other mineral ...

Data centers have insatiable appetite for energy and mined materials…From training the latest artificial intelligence models to streaming the next blockbuster movie, data centers are growing so fast they already consume more electricity than some nations – and their appetite for critical minerals is just as staggering…The mineral demands begin with the data center itself…However, it is the energy demands of these digital fortresses – and the technologies used to feed them – that multiply their mineral footprint many times over…Data center installations have exploded in recent years, and this expansion continues at a parabolic rate. The computing capacity of these digital processing and storage hubs has tripled over the past decade and is expected to expand by another threefold over the next five years…The multi-trillion-dollar opportunities on the not-too-distant AI horizon, however, come with significant challenges – from sourcing the minerals needed to build data centers to generating enough electricity to power them…Data center metals…Bismuth – Low-temperature solder for connecting sensitive electronics; China's export restrictions have left Apple, Amazon, Google, and Nvidia with limited options for supply…Power-hungry AI…According to the International Energy Agency (IEA), a single hyperscale data center consumes as much electricity each year as 350,000 to 400,000 electric vehicles. The agency forecasts that global data centers will consume 945 terawatt-hours of electricity per year by 2030, which is more than is currently being consumed by the entire nation of Japan…The need for more electricity equates to rising demand for critical minerals. How this energy is generated will determine how much and which minerals are needed…Renewable Energy…Grid-scale energy storage is driving demand for vanadium, lithium, cobalt, nickel, graphite, and manganese for batteries to balance intermittent supply…Nuclear… Cobalt- and nickel-based specialty alloys for reactor components…As one works their way down the USGS mineral reliance list, the U.S. depends on foreign nations for 89% of its bismuth, 85% of its platinum, 80% of its rare earths, 76% of its cobalt, 73% of its tin, 73% of its zinc, 64% of its silver, and more than half of its germanium and lithium…"Our lack of mineral security is our nation's Achilles' heel – a vulnerability that leaves us at the mercy of politically unstable and often adversarial nations for the basic building blocks of modern society," said Sen. Lisa Murkowski (R-Alaska)…China, which is the world's top supplier of 30 of the 50 minerals critical to the U.S., has restricted or banned the exports of more than a dozen minerals essential to building and powering data centers. This list includes seven rare earth elements, gallium, germanium, graphite, bismuth, indium, and tellurium.

 
 
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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.

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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.