Fortune Bay is pleased to announce plans to advance its 100% owned Goldfields Project, by completing environmental baseline studies and initiating community engagement through the second half of 2025. Building on extensive historical datasets, the 2025 environmental baseline studies have been designed to establish a foundation for regulatory approvals advancement in 2026. The Company's engagement with communities will [...]
Fortune Bay is pleased to announce that it has signed a letter of intent with Neu Horizon Uranium Limited ACN 653 749 145. Pursuant to the LOI, 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 approximately 40,000 ha. A dominant land position along the Grease River Shear Zone [...]
Fortune Bay is pleased to announce plans to advance its 100% owned gold projects. The plans, highlighted below, are designed to materially advance the projects, demonstrate their intrinsic value and deliver key value drivers for the Company as it embarks on the process of unlocking value for these two significant gold assets. Summary and Highlights: Goldfields Project: An Updated Preliminary Economic Assessment has been [...]
Fortune Bay 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 Company at an [...]
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 [...]
