HALIFAX, NS January 10, 2024 – Fortune Bay Corp. (TSXV:FOR) (FWB:5QN) (OTCQX:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce the acquisition of the Spruce Uranium Project (“Spruce” or the “Project”) through staking over the past several months. The Project is located within the north-central margin of the Athabasca Basin, near the community of Fond […]
HALIFAX, NS December 18, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it has entered into a definitive option agreement (the “Agreement”), dated December 15, 2023, with 1443904 B.C. Ltd. (the “Optionee”), an arms-length private company. Pursuant to the Agreement, the Optionee will […]
HALIFAX, NS October 30, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $700,000 (the “Offering”). The Company issued 3,043,481 units at an issue price of $0.23 per unit, with […]
HALIFAX, NS October 13, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $700,000 (the “Offering”). The Company intends to issue up to 3,043,478 units at an issue price […]
HALIFAX, NS September 26, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce a significant expansion of its 100% owned Murmac Uranium Project (“Murmac” or the “Project”) through recent successful staking efforts. The Project area now totals 10,363 hectares, representing a 95% increase in […]
HALIFAX, NS August 8, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) 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 […]
HALIFAX, NS January 23, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce analytical results from a prospecting program completed in Fall 2022 on the 100% owned Murmac Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan (see Figure 1). Analytical results from surface […]
HALIFAX, NS December 13, 2022 – Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce analytical results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan (see Figure 1). The drilling program was designed to test regional […]
HALIFAX, NS December 7, 2022 – Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQX:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce analytical results from the 2022 maiden drilling program on the 100% owned Strike Uranium Project (“Strike” or the “Project”), located in northern Saskatchewan (see Figure 1). The drilling program, comprising nine shallow holes, provided […]
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 (“NPV”) (discount rate 5%) of C$285M, internal rate of return (“IRR”) 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 […]