Fortune Bay Corp.

Fortune Bay Corp. is pleased to announce commencement of a Preliminary Economic Assessment for its 100% owned Goldfields Gold Project located in northern Saskatchewan. The Company has appointed Ausenco Engineering Canada Inc. to lead the Study, with SRK Consulting Inc. to complete an updated Mineral Resource Estimate and Moose Mountain Technical Services to undertake mine design and mine planning. The PEA is expected to [...]

Fortune Bay Corp. is pleased to announce gold assay results for the remaining four step-out drill holes completed at the Box gold deposit , located on the Company's Goldfields Project in northern Saskatchewan . The drill holes are part of the Phase 1 resource expansion program completed in 2021. The four drill holes, completed on an approximate 50 metre spacing, returned significant gold intercepts outside of the extents [...]

HALIFAX, NS, Jan. 24, 2022 /CNW/ - Fortune Bay Corp. is pleased to announce that Phase 2 exploration drilling has commenced on its Goldfields Gold Project, and a ground gravity survey has begun on its Strike Uranium Project. Both Projects are located in northern Saskatchewan, within 25 kilometres of Uranium City where the Company has an established operational base . Goldfields Project - Phase 2 Exploration Drilling [...]

Fortune Bay Corp. announces that the board of directors of the Company has approved the granting of 1,040,000 incentive stock options pursuant to the Company's Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 700,000 of the Options which are exercisable at a price of $0.70 per share, expire on December 17, 2026 and vest over a three-year period. About Fortune Bay [...]

Fortune Bay Corp. is pleased to announce 2022 exploration plans for its three 100% owned Projects located in northern Saskatchewan . These include the Strike and Murmac Uranium projects, and the Goldfields Gold project . The Projects are all located within 25 kilometres of Uranium City, where the Company has established an operational base. Overview of 2022 Exploration Plans: The Strike and Murmac Uranium projects are [...]

Fortune Bay Corp. is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $6,863,700. The Company issued 4,669,231 units and 4,972,338 flow through shares. Each unit was issued at a price of $0.65 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 [...]

Fortune Bay Corp. is pleased to announce that it intends to increase the non-brokered private placement , previously announced on November 1, 2021, to aggregate gross proceeds of approximately $6,860,000. The Company intends to issue 4,669,231 units and 4,972,338 flow through shares. Each unit will be issued at a price of $0.65 per unit, with each unit comprised of one common share and one-half common share purchase [...]

Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $5,500,000 . The Company intends to issue up to 3,076,923 units and up to 4,545,454 flow through shares. Each unit will be issued at a price of $0.65 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be [...]

Fortune Bay Corp. is pleased to announce identification of the Goldfields West Uranium Project . The Project comprises the western claims of the Company's flagship Goldfields Project in northern Saskatchewan, which have been identified to have potential for high-grade unconformity-related, basement-hosted uranium deposits typical of the Athabasca Basin margin . Combined with the recently announced Strike Uranium Project [...]

Fortune Bay Corp. is pleased to announce the acquisition of the Strike Uranium Project through claim staking. The Project covers an area of approximately 10,000 hectares and is located 25 kilometres west of Uranium City and the Company's flagship Goldfields Project in northern Saskatchewan. The Project has been identified to have potential for high-grade unconformity-related, basement-hosted uranium deposits in a setting [...]