Report Highlights

⭐️ Fortune Minerals Limited is an FRC Top Pick ⭐️

  • FT’s NICO project in the NWT hosts the largest primary cobalt deposit in North America, the world’s largest bismuth deposit, and 1.1 Moz of gold. The U.S., EU, and Canada have identified cobalt, bismuth, and copper as critical minerals. In 2024, the company secured funding commitments totaling ~$17M from the U.S Department of Defense, and the Government of Canada.
  • Gold prices are near-record highs, driven by investor demand for safe-haven assets amidst economic and political uncertainty, with geopolitical and trade war risks supporting a positive near-term outlook. 
  • Cobalt prices are up 56% in the past month  after the Democratic Republic of the Congo temporarily halted exports to address oversupply, and support prices. While the market will likely remain in surplus over the next two to three years, we remain optimistic about the long-term outlook due to robust global demand for Electric Vehicles (EVs).