Fortune Bay Corp. is pleased to announce that it has closed its non-brokered private placement , previously announced on April 7, 2025, for aggregate gross proceeds of $3,000,000. The Company issued 9,375,000 units. Each unit was issued at a price of $0.32 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant is exercisable into one common share of the [...]
Fortune Bay Corp. is pleased to announce that it intends to increase the non-brokered private placement , previously announced on April 2, 2025, to aggregate gross proceeds of up to $3,000,000. The Company intends to issue up to 9,375,000 units. Each unit will be issued at a price of $0.32 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be [...]
Fortune Bay is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,800,000. The Company intends to issue up to 8,750,000 units. Each unit will be issued at a price of $0.32 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an [...]
Fortune Bay is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project. The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade [...]
Fortune Bay is pleased to announce winter drill targets for the Murmac Uranium Project. The drill targets are supported by the recent completion of a radon-in-water survey at Howland Lake which produced strong anomalies along strike of the high-grade uranium drill intersections obtained during summer 2024. A winter drilling program, to test these targets, is expected to commence in March 2025. Exploration work at Murmac [...]
Fortune Bay is pleased to announce plans for a winter 2025 drilling program on the Murmac Uranium Project as follow-up to the high-grade uranium intersected during the summer 2024 drill program. The winter program, focused on the Howland Lake North target area, has been approved by the Project's optionee Aero Energy in accordance with the Option Agreement, and is fully-funded. Highlights: Shallow, High-Grades Intersected [...]
Fortune Bay is pleased to announce commencement of work to further advance its 100% owned Goldfields Gold Project. A Preliminary Economic Assessment completed by Ausenco Engineering Canada in Oct 2022, has clearly demonstrated robust economics for Goldfields. Fortune Bay has engaged with Fuse Advisors Inc. to define a project development roadmap to advance the Project toward the next stage of engineering and design. The [...]
Fortune Bay is pleased to report high-grade uranium assays in the first batch of analytical results from its 2024 exploration drilling program on the Murmac Uranium Project. The drilling program was funded by Aero Energy Ltd. under an Option Agreement. 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 is pleased to announce that it has increased and closed its previously announced private placement. The non-brokered private placement was closed for aggregate gross proceeds of $600,000, an increase over the $500,000 initially announced. The Company issued 2,727,272 units at a price of $0.22 per unit. Each unit is comprised of one common share and one-half common share purchase warrant, with each whole [...]
Fortune Bay is pleased to announce completion of the 2024 summer drill program on the Murmac Uranium Project. The program was designed to test regional targets across the Project for high-grade, unconformity-related basement-hosted deposits typical of the Athabasca Basin. The drilling program was funded by Aero Energy, and was operated by Fortune Bay, under an Option Agreement that was executed on Dec 15, 2023 [...]
Fortune Bay is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $500,000. The Company intends to issue up to 2,272,727 units. Each unit will be issued at a price of $0.22 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an [...]
Fortune Bay Corp. is pleased to announce the intersection of highly elevated radioactivity in the second drill hole of its 2024 exploration drilling program on the Murmac Uranium Project , located in northern Saskatchewan. An average of 1,309 counts per second was intersected over 8.7 metres in graphitic pelite, with up to 33,600 counts per second associated with visible uranium mineralization. The drilling program is [...]
