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Thursday, December 7, 2023

Fortune Bay: Advancing Highly Prospective, High-Grade Uranium and Gold Assets in the Athabasca Basin

Fortune Bay Corp. (TSXV:FOR, FSE:5QN) creates value through advancing its fully-owned uranium and gold assets located in Saskatchewan – Canada’s top-ranked mining jurisdiction. Fortune Bay offers investors a highly attractive entry point into Athabasca Basin uranium exploration, in a company whose value is already underpinned by an advanced gold asset with drill-defined mineral resources. This diversified asset base provides the Company with resilience against changing market conditions, commodity prices and other factors.

ortune Bay’s Strike and Murmac (formerly named Goldfields West) Uranium Projects are both 100% owned and provide the Company with a dominant land position of high-grade, unconformity-related targets in the Uranium City area (Canada’s original uranium mining district) in northern Saskatchewan. The Projects are located on the margin of the Athabasca Basin, in a geological setting similar to the recent discoveries of Arrow (Nexgen Energy) and Triple R (Fission Uranium). Both Projects host numerous historical high-grade uranium occurrences and have the right geological ingredients for the high-grade unconformity-related deposits that make the Athabasca Basin world-famous. The town of Uranium City is a historical mining hub and the area is endowed with infrastructure including an airport, maintained roads and a powerline from a hydro-station which runs in proximity to both Projects.

Fortune Bay


Company Highlights

  • Fortune Bay offers investors an attractive entry point into world’s highest grade uranium mining jurisdiction, the Athabasca Basin in Saskatchewan.
  • A diversified asset base provides investors with resilience against changing market conditions and fluctuating commodity prices.
  • The Company is underpinned by drill-defined gold resources, and the uranium projects have significant exploration potential with an abundance of high-grade uranium occurrences.
  • Planned aggressive advancement of all projects in the near future has the potential to provide significant value catalysts through both resource expansion and grassroots discovery.
  • Fortune Bay is led by a strong management and technical team with decades of experience and a proven track record of discovery, resource expansion, project development and shareholder value creation.
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