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Cobalt & Bismuth
Reuters • May 05, 2026 • 1:15 PM
Blocks with symbols and atomic numbers of Rare Earth Elements (REE), in this illustration taken January 21, 2026. REUTERS/Dado Ruvic/ ...

The Group of Seven countries are in ‌talks to create a permanent secretariat to ensure initiatives to increase critical mineral supplies survive beyond the bloc's rotating presidencies, five sources familiar with the discussions said…Developed countries around the world are seeking to cut their reliance on China, which dominates production of the minerals needed for defence, the energy transition and manufacturing…European governments also do not want the U.S. to lead the project because they are worried access to critical minerals could be restricted in a crisis, the sources said…The EU since the start of this year has been working on its own pilot stockpile project, spearheaded by Italy, France and Germany…The five sources said it was unclear when the secretariat could be established but that it could help to execute any decisions on critical raw materials taken at the June G7 ‌leaders' meeting, which may include stockpiling measures…France, which holds the G7's rotating presidency, called an online G7 meeting for Thursday to discuss how to break China's stranglehold on critical materials….What the OECD will propose is unknown, but the IEA is already working on plans to align stockpiling and production of critical minerals, two of the four sources said.

Reuters • May 05, 2026 • 10:18 AM
France's Minister for Economy, Finance, and Industrial, Energy and Digital Sovereignty Roland Lescure attends a Eurozone Finance Ministers ...

France has called an online meeting of G7 countries ‌for Thursday to discuss how to break China's stranglehold on critical materials, Finance Minister Roland Lescure said, announcing plans to rebuild the industry in France…Lescure said China had captured a huge share of the market through heavy investment and pricing policies that drove potential competitors out.

"One of the projects we have in mind within the G7 is to ensure - much as the International Energy Agency was created in the 1970s when OPEC held a production monopoly - that we develop alternatives through international cooperation," Lescure said…To boost supply security, the state will loosen access to guarantees for strategic projects, extend and simplify tax credits for green industrial investment until 2028, and channel additional funding through an existing long-term investment programme and a dedicated metals fund…The government also plans to approach international traders about securing critical minerals, potentially offering a French state project finance guarantee.

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.
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