• FT is up 200% since our previous report in November 2023. The company has secured grants totaling $16.2M from the U.S. Department of Defense, and the Government of Canada, to advance the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta. NICO hosts the largest primary cobalt deposit in North America, the world’s largest bismuth deposit, and 1.1 Moz gold.
  • This joint-funding by the U.S. and Canadian governments is a key initiative under the Bilateral Energy Transformation Task Force, aimed at building a broader critical mineral supply chain in North America, thereby reducing reliance on China.
  • FT has also secured convertible securities funding of up to $10M from an institutional investor (The Lind Partners).