Fortune Minerals and Rio Tinto are collaborating to develop technology that will improve recovery of the critical minerals cobalt and bismuth. Under a memorandum of understanding signed between the companies, testing will be done at Rio Tinto Kennecott’s integrated copper mining and smelting operations in Utah and at Fortune’s planned Alberta Refinery. The partnership aims to maximize the value of critical mineral supply chain investments and increase Fortune’s planned cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter. In 2020, the Canadian and U.S. governments signed a Joint Action Plan on Critical Mineral Collaboration to enable more North American production of the Critical Minerals needed in new technologies. Cobalt and bismuth are both included in this list and are used for sustainable energy resources.
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