Fortune Bay Corp.

Fortune Bay is pleased to announce that it has entered into an agreement with Cormark Securities, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters in connection with a "bought deal" private placement of: 1,438,900 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act, at a price of $1.39 per FT Share, for gross proceeds of $2,000,071, and 6,000,000 [...]

Fortune Bay Cis pleased to announce that summer drilling has commenced at its Murmac Uranium Project. A limited suite of high priority targets has been selected for testing. Exploration work at Murmac is being funded by Aero Energy, and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023. Gareth Garlick, VP Technical Services of Fortune Bay, commented, "This drilling program [...]

Fortune Bay is pleased to announce results from an independent Updated PEA for its 100% owned Goldfields Gold Project. Updated PEA Highlights: Expedited Path to Production: Sub-5,000 tpd open-pit scenario designed to remain within provincial permitting, leveraging a valid EIS, existing infrastructure, and past-producing status. Strong Economics; High-Sensitivity to Gold Price: Gold Price/oz USD 2,600 USD 3,650 After-Tax [...]

Fortune Bay is pleased to provide an update on its uranium exploration activities on the northern margin of Saskatchewan's Athabasca Basin. Airborne geophysical survey is currently underway at The Woods Projects and a drill program at the Murmac Project is scheduled to commence in mid-September 2025. These partner-funded initiatives provide the Company with significant discovery exposure in one of the world's premier [...]

Fortune Bay is pleased to report on recent progress at its 100%-owned gold projects: the Goldfields Project and the Poma Rosa Project. These advancements reflect the Company's ongoing execution of the plans outlined in its April 30, 2025 news release, highlighting steady progress toward unlocking value from these two significant gold assets. In parallel, Fortune Bay has launched an integrated communications and marketing [...]

Fortune Bay is pleased to announce that it has entered into a definitive option agreement, dated July 25, 2025, with Neu Horizon Uranium Ltd.] ACN 653 749 145, a private Australian arms-length party. Pursuant to the Agreement, the Optionee will be granted the option to acquire an eighty percent interest in The Woods Uranium Projects. The Woods Highlights: District-scale opportunity, including five projects covering [...]

Fortune Bay is pleased to announce plans to advance its 100% owned Goldfields Project, 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. The Company's engagement with communities will [...]

Fortune Bay is pleased to announce that it has signed a letter of intent with Neu Horizon Uranium Limited ACN 653 749 145. Pursuant to the LOI, the Optionee will be granted the option to acquire an eighty percent interest in The Woods Uranium Projects. The Woods Highlights: District-scale opportunity, including five projects covering approximately 40,000 ha. A dominant land position along the Grease River Shear Zone [...]

Fortune Bay is pleased to announce plans to advance its 100% owned gold projects. 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. Summary and Highlights: Goldfields Project: An Updated Preliminary Economic Assessment has been [...]

Fortune Bay is pleased to announce that it has closed its non-brokered private placement, 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 [...]