Fortune Bay Announces Additional Uranium Staking and Provides Update for Murmac and Strike Uranium Projects
HALIFAX, NS February 21, 2024 – Fortune Bay Corp. (TSXV:FOR) (FWB:5QN) (OTCQB:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company’s recently announced Spruce, Pine and Aspen Uranium Projects (Figure 1).
Gareth Garlick, Technical Director for Fortune Bay, commented “The acquisition of the Birch and Fir projects adds to our growing uranium portfolio of newly acquired, 100% owned projects on the north-central margin of the Athabasca Basin. This extensive portfolio now totals five new uranium projects covering over 40,000 hectares and provides Fortune Bay with further opportunity to create value through exploration and/or transactional success. The Birch and Fir projects have known uranium endowment with historical occurrences of up to 55.1% U3O8, in addition to Rare Earth Element potential with historical outcrop grades of up to 2.4% Total Rare Earth Elements.”
