Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $700,000 . The Company intends to issue up to 3,043,478 units at an issue price of $0.23 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be [...]
Fortune Bay Corp. is pleased to announce a significant expansion of its 100% owned Murmac Uranium Project through recent successful staking efforts. The Project area now totals 10,363 hectares, representing a 95% increase in area from 2022. The Project is located on the northern rim of the Athabasca Basin in Saskatchewan, approximately 10 [...]
HALIFAX, NS, Aug. 8, 2023 /CNW/ - Fortune Bay Corp. today provides a corporate update on its exploration and development projects in Saskatchewan, Canada and Chiapas, Mexico. Dale Verran, CEO, commented, "Fortune Bay is pleased to provide an update on current activities and plans for its projects aiming to; create value through focussed [...]
Fortune Bay Corp. announces that the board of directors of the Company has approved the granting of 1,100,000 incentive stock options pursuant to the Company's Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 800,000 of the Options which are exercisable at a price of $0.325 per share [...]
Fortune Bay Corp. is pleased to announce analytical results from a prospecting program completed in Fall 2022 on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . Analytical results from surface rock samples have been received from the laboratory which include highlights of: 8.82% U3O8 from a boulder sample on the [...]
Fortune Bay Corp. is pleased to announce analytical results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . The drilling program was designed to test regional targets across the Project's extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined [...]
Fortune Bay Corp. is pleased to announce analytical results from the 2022 maiden drilling program on the 100% owned Strike Uranium Project , located in northern Saskatchewan . The drilling program, comprising nine shallow holes, provided first-pass testing of the Project's J, K and L Conductors on the northern portion of the Project which have a [...]
Fortune Bay Corp. is pleased to announce its conclusion of an Exploration Agreement that formalizes the Company's relationship with Ya' thi Néné Lands and Resources , Hatchet Lake Denesu?ine? First Nation, Black Lake Denesu?ine? First Nation, Fond du Lac Denesu?ine? First Nation and the Northern Hamlet of Stony Rapids, the Northern Settlement of [...]
Fortune Bay Corp. is pleased to announce filing of an independent Preliminary Economic Assessment technical report for its 100% owned Goldfields Project located near Uranium City, Saskatchewan. Fortune Bay's News Release dated November 1, 2022, titled "Fortune Bay Announces Positive PEA For Goldfields Project, Saskatchewan", outlines the key [...]
Average Annual Gold Production of 101 koz, After-Tax NPV5% of C$285M, and IRR of 35.2% Highlights: Robust economics with after-tax net present value of C$285M, internal rate of return of 35.2% and payback of 1.7 years estimated with gold price of US$1,650 per ounce Average annual gold production of 101,000 ounces over life of mine , with an average [...]
Fortune Bay Corp. is pleased to announce initial drilling results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . The drilling program, which tested regional targets across the Project, identified elevated radioactivity in multiple drill holes within favorable geological [...]
Fortune Bay Corp. is pleased to announce initial drill results for its 100% owned Strike Uranium Project, located in northern Saskatchewan . A total of nine drill holes were completed comprising 2,064 metres. Results included shallow intersections of elevated radioactivity, between 35 and 95 metres below surface, within favorable geological [...]