Fortune Bay Corp. announces that the board of directors of the Company has approved the granting of 1,100,000 incentive stock options pursuant to the Company's Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 800,000 of the Options which are exercisable at a price of $0.325 per share, expire on January 25, 2028 and vest over a three-year period. About Fortune Bay [...]
Fortune Bay Corp. is pleased to announce analytical results from a prospecting program completed in Fall 2022 on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . Analytical results from surface rock samples have been received from the laboratory which include highlights of: 8.82% U3O8 from a boulder sample on the Armbruster Corridor providing compelling support for the presence of high-grade [...]
Fortune Bay Corp. is pleased to announce analytical results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . The drilling program was designed to test regional targets across the Project's extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined strike length of approximately 30 kilometres. Shallow, highly elevated [...]
Fortune Bay Corp. is pleased to announce analytical results from the 2022 maiden drilling program on the 100% owned Strike Uranium Project , located in northern Saskatchewan . The drilling program, comprising nine shallow holes, provided first-pass testing of the Project's J, K and L Conductors on the northern portion of the Project which have a combined strike length of approximately 20 kilometres . Analytical results [...]
Fortune Bay Corp. is pleased to announce its conclusion of an Exploration Agreement that formalizes the Company's relationship with Ya' thi Néné Lands and Resources , Hatchet Lake Denesu?ine? First Nation, Black Lake Denesu?ine? First Nation, Fond du Lac Denesu?ine? First Nation and the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake and the Northern [...]
Fortune Bay Corp. is pleased to announce filing of an independent Preliminary Economic Assessment technical report for its 100% owned Goldfields Project located near Uranium City, Saskatchewan. Fortune Bay's News Release dated November 1, 2022, titled "Fortune Bay Announces Positive PEA For Goldfields Project, Saskatchewan", outlines the key results, assumptions and estimates contained in the Goldfields PEA, which [...]
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 of C$285M, internal rate of return 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 ounces over life of mine , with an average of 122,000 ounces per year in the first 4 years 8.3 year LOM producing [...]
Fortune Bay Corp. is pleased to announce initial drilling results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project , located in northern Saskatchewan . The drilling program, which tested regional targets across the Project, identified elevated radioactivity in multiple drill holes within favorable geological settings for high-grade, unconformity-related basement-hosted deposits typical [...]
Fortune Bay Corp. is pleased to announce initial drill results for its 100% owned Strike Uranium Project, located in northern Saskatchewan . A total of nine drill holes were completed comprising 2,064 metres. Results included shallow intersections of elevated radioactivity, between 35 and 95 metres below surface, within favorable geological settings for high-grade, basement hosted deposits typical of the Athabasca Basin [...]
Fortune Bay Corp. is pleased to announce that effective today it has qualified to trade on the OTCQX® Best Market under the symbol "FTBYF". Fortune Bay upgraded to OTCQX from the Pink® market. Fortune Bay's common shares will continue to trade on the TSX Venture Exchange under the symbol FOR and on the Frankfurt Stock Exchange under the symbol 5QN. It is anticipated that the trading of Fortune Bay's shares on the OTCQX [...]
Fortune Bay Corp. is pleased to announce initial drill targets for its 100% owned Murmac Uranium Project located in northern Saskatchewan. Highlights: Nineteen initial drill targets have been identified following completion of airborne electromagnetic and ground gravity surveying. The targets represent favorable geophysical and geological features typically associated with high-grade basement-hosted uranium deposits [...]
Fortune Bay Corp. is pleased to announce commencement of maiden exploration drilling on its 100% owned Strike Uranium Project, located in northern Saskatchewan. The Project has potential for high-grade, basement-hosted uranium deposits typical of the Athabasca Basin. Strike Uranium Project Highlights: Initial drill target areas were announced previously. Drilling has commenced at the Tena target area, which includes the [...]
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