Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce plans to advance its 100% owned Goldfields Project (“Goldfields” or the “Project”) in Saskatchewan, Canada, 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.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it has signed a letter of intent (the “LOI”) with Neu Horizon Uranium Limited ACN 653 749 145 (the “Optionee”), a private Australian arms-length party. Pursuant to the LOI, the Optionee will be granted the option (the “Option”) to acquire an eighty percent interest in The Woods Uranium Projects (“The Woods” or the “Projects”) located on the northern margin of the Athabasca Basin, Saskatchewan (Figure 1).
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce plans to advance its 100% owned gold projects in Saskatchewan, Canada (the “Goldfields Project”) and Chiapas, Mexico (the “Ixhuatán Project”). 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.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Offering”), 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 exercise price of $0.45 per share for the first year from the date of issuance and $0.55 per share for the second year from the date of issuance. Directors, officers and other non-arm’s length parties of the Company subscribed for an aggregate of 1,531,250 units.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce that it intends to increase the non-brokered private placement (the “Offering”), 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 exercisable into one common share of the Company at an exercise price of $0.45 per share for the first year from the date of issuance and $0.55 per share for the second year from the date of issuance.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: 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 $2,800,000 (the “Offering”). 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 exercise price of $0.45 per share for the first year from the date of issuance and $0.55 per share for the second year from the date of issuance.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan near Uranium City.
The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic (“EM”) conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce winter drill targets for the Murmac Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan near Uranium City. 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.
Fortune Bay Corp. (TSXV: FOR) (OTCQB: FTBYF) (FSE: 5QN) (“Fortune Bay” or the “Company”) is pleased to announce plans for a winter 2025 drilling program on the Murmac Uranium Project (“Murmac” or the “Project”) as follow-up to the high-grade uranium intersected during the summer 2024 drill program. The Project is located in northern Saskatchewan near Uranium City, on the northern margin of the Athabasca Basin. The winter program, focused on the Howland Lake North target area, has been approved by the Project’s optionee Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) (“Aero”) in accordance with the Option Agreement, and is fully-funded.
Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQB:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce commencement of work to further advance its 100% owned Goldfields Gold Project (“Goldfields” or the “Project”), located in northern Saskatchewan. A Preliminary Economic Assessment (“PEA”) completed by Ausenco Engineering Canada Inc., in October 2022 (summarized below), has clearly demonstrated robust economics for Goldfields.