Fortune Bay Corp. is pleased to announce the board of directors of the Company has approved the granting of 1,490,000 incentive stock options and 150,000 deferred share units pursuant to the Company's Stock Option Plan and DSU Plan to its directors, officers, contractors and employees. Directors and officers were awarded 1,210,000 of the Options which are exercisable at a price of $1.00 per share, expire on December 4 [...]
Fortune Bay Corp. is pleased to announce the appointment of Patrick McGrath as Chief Financial Officer . Mr. McGrath succeeds Sarah Oliver, who will be stepping aside after serving as CFO since 2016. Ms. Oliver will remain involved over the coming months to ensure a smooth transition. Patrick McGrath - Experienced Resource-Sector Executive Mr. McGrath is a seasoned finance executive with over 25 years of experience in the [...]
Exploration Program Targets Near-Mine Ounce Growth Fortune Bay Corp. is pleased to announce that exploration drilling has commenced on multiple high-priority exploration targets at its 100%-owned Goldfields Gold Project in northern Saskatchewan. The targets include opportunities for resource expansion at the Box and Athona deposits, and potential for the addition of new resources from underexplored historical occurrences [...]
Development-ready gold asset in premier mining jurisdiction with funded advancement plan; preparing to initiate project-development and exploration drill program Fortune Bay Corp. is pleased to announce that, following the completion of its $8 million bought-deal financing, the Company has initiated key technical work streams to advance the Goldfields Project toward a Pre-Feasibility Study in 2026. In parallel, permitting [...]
Fortune Bay is pleased to announce the closing of its previously announced "bought deal" private placement for aggregate gross proceeds of C$8,000,071. Pursuant to the Offering, the Company offered and sold the following: 1,438,900 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of $1.39 per FT Share, for gross proceeds of $2,000,071, and 6,000,000 common shares of [...]
Fortune Bay is pleased to announce filing of an independent NI 43-101 Updated PEA technical report for its 100% owned Goldfields Project. The Updated PEA technical report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects by Ausenco Engineering Canada, in collaboration with Moose Mountain Technical Services for the mine design, and SRK Consulting for the updated [...]
Fortune Bay is pleased to announce that it has entered into an agreement with Cormark Securities, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters in connection with a "bought deal" private placement of: 1,438,900 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act, at a price of $1.39 per FT Share, for gross proceeds of $2,000,071, and 6,000,000 [...]
Fortune Bay Cis pleased to announce that summer drilling has commenced at its Murmac Uranium Project. A limited suite of high priority targets has been selected for testing. Exploration work at Murmac is being funded by Aero Energy, and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023. Gareth Garlick, VP Technical Services of Fortune Bay, commented, "This drilling program [...]
Fortune Bay is pleased to announce results from an independent Updated PEA for its 100% owned Goldfields Gold Project. Updated PEA Highlights: Expedited Path to Production: Sub-5,000 tpd open-pit scenario designed to remain within provincial permitting, leveraging a valid EIS, existing infrastructure, and past-producing status. Strong Economics; High-Sensitivity to Gold Price: Gold Price/oz USD 2,600 USD 3,650 After-Tax [...]
Fortune Bay is pleased to provide an update on its uranium exploration activities on the northern margin of Saskatchewan's Athabasca Basin. Airborne geophysical survey is currently underway at The Woods Projects and a drill program at the Murmac Project is scheduled to commence in mid-September 2025. These partner-funded initiatives provide the Company with significant discovery exposure in one of the world's premier [...]
Fortune Bay is pleased to report on recent progress at its 100%-owned gold projects: the Goldfields Project and the Poma Rosa Project. These advancements reflect the Company's ongoing execution of the plans outlined in its April 30, 2025 news release, highlighting steady progress toward unlocking value from these two significant gold assets. In parallel, Fortune Bay has launched an integrated communications and marketing [...]
Fortune Bay is pleased to announce that it has entered into a definitive option agreement, dated July 25, 2025, with Neu Horizon Uranium Ltd.] ACN 653 749 145, a private Australian arms-length party. Pursuant to the Agreement, the Optionee will be granted the option to acquire an eighty percent interest in The Woods Uranium Projects. The Woods Highlights: District-scale opportunity, including five projects covering [...]
