Strategy

Company management believes the supply chain for EV vehicles is already filled with too many middle men. EV manufacturers must control the whole supply chain to stay competitive, especially with a commodity that may soon be inflationary, leading to a squeeze on profits as the cost of nickel starts to rise with increased demand. Goldman Sachs recently upgraded their numbers for EV vehicles coming to market in the next 20 years. We anticipate that major EV players like Tesla will seek out nickel through billion dollar supply contracts and the inevitable purchase of their own nickel mines. 

 

Company management believes there will be a nickel rush leading to an extreme rise in nickel prices. Nickel is projected to become the most important EV metal and those companies that position themselves readily in the supply chain will have a product steadily increasing in demand. We believe the arrival of semi trucks will generate the need for much larger battery cells, further straining nickel supply. We anticipate that as larger EV vehicles such as buses and trucks pour onto the streets, the nickel rush will begin.

Upon successful completion of its exploration work Fortune Nickel and Gold Inc. intends to build a mining operation that is both sustainable and profitable. Financing to move the Gowan project through the mine development sequence is available from an array of different sources. Large cap mining companies looking to make a substantial ROI are potential partners and already have an interest in the Gowan project. Large scale (“EV”) companies relying on a steadily priced nickel supply for their battery production needs are potential partners as well. A partner will be chosen based on the company’s best long term financial interests such as shareholder value and financial strength.

 

Company management has a strategy to secure itself into the multi-billion dollar nickel supply chain. Stay tuned.

Fortune's Strategic Advisor, Prairie Fire Enterprises, has put a strategic work program in place that includes the following:

  • Fly a detailed mag survey-50m spacing using a drone system.

 

  • Re-drill the government RCD hole that contained 3.5% Nickel to obtain updated assays on nickel, platinum, palladium copper, and gold.

 

  • Fly a detailed EM and gravity survey or do 3 lines of IP survey.

 

  • Conduct a moving loop electromagnetic survey or "MLEM" across the property to help speed up the exploration process. The new MLEM survey will integrate some fresh technology in the form of a high-temperature superconducting quantum interference device or "SQUID." SQUID helps to minimize noise levels that originate from the conductive surficial cover so that the EM signal can penetrate deeper and at higher resolutions. SQUID can assist the operator to understand better what may be lurking below the surface.

 

  • Diamond drill the 10 best targets.

 

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.