
September 08, 2025
Fortune Bay (TSV:FOR) is a gold developer-explorer focused on unlocking value at the steepest part of the Lassonde Curve. The company combines a de-risked Canadian gold project with transformational discovery potential in Mexico, while also exploring partner-funded uranium assets.
Backed by strong community partnerships and a disciplined approach, Fortune Bay’s share structure positions it for multiple near-term catalysts as capital returns to quality juniors.

The Goldfields project in Saskatchewan, Canada, is situated in a top-tier mining jurisdiction with road access, proximity to hydropower, historical infrastructure, and advanced permitting groundwork. The 2022 PEA outlined average production of 101 koz/yr over 8.3 years, with C$234 million initial capex and life-of-mine AISC of US$889/oz (base case US$1,650/oz), showing strong sensitivity to higher gold prices. In 2025, the company engaged Ausenco for an updated PEA and commenced permitting to support future production — both initiatives are now underway.
Company Highlights
- Cycle-smart model: Advancing projects through discovery, resource expansion and early-stage development, then monetizing before the capital-intensive build phase.
- Flagship development-ready gold asset in Saskatchewan, Canada: Goldfields project with open-pit 0.98 million ounce (Moz) indicated @ 1.31 grams per ton (g/t) gold and 0.21 Moz inferred @ 0.92 g/t gold; 2022 PEA shows robust economics; a 2025 PEA update is underway alongside permitting and existing infrastructure reducing risk and timelines.
- Poma Rosa Project (Mexico): Historical gold resource at Campamento (1.04 Moz measured and indicated; 0.70 Moz inferred) sitting atop an untested porphyry system – offering both near-term ounces and discovery blue-sky; community re-engagement progressing to enable exploration restart. Historical estimate, not treated as current under NI 43-101.
- Uranium optionality, non-dilutive: Advancing Murmac & Strike (optioned to Aero Energy) and The Woods (optioned to Neu Horizon) under partner capital while Fortune Bay remains operator, leveraging uranium expertise, offsetting overhead and preserving discovery upside and exposure to uranium market tailwinds.
- Strong leadership: Led by discovery-driven geologists and capital-markets veterans with a track record of building and monetizing companies.
This Fortune Bay profile is part of a paid investor education campaign.*
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The Conversation (0)
08 September
Fortune Bay
Gold Exploration & Development in Canada and Mexico: Two Projects, One Strategy, Real Upside.
Gold Exploration & Development in Canada and Mexico: Two Projects, One Strategy, Real Upside. Keep Reading...
20 October
FORTUNE BAY ANNOUNCES C$8 MILLION BOUGHT DEAL PRIVATE PLACEMENT
Not for distribution to United States newswire services or for dissemination in the United States Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead... Keep Reading...
26 September
AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT
Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that summer drilling has commenced at its Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City . A limited suite of high... Keep Reading...
23 September
FORTUNE BAY ANNOUNCES UPDATED PEA FOR GOLDFIELDS, SASKATCHEWAN
Ausenco-led study delivers after-tax NPV of C$1.25 billion at spot gold price; Permitting underway Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce results from an independent Updated Preliminary Economic Assessment... Keep Reading...
20 August
FORTUNE BAY PROVIDES UPDATE ON PARTNER-FUNDED URANIUM EXPLORATION IN SASKATCHEWAN
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FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company's recently announced Spruce Pine and... Keep Reading...
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5h
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Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) is pleased to announce the closing of its acquisition of the High Lake and West Hawk Lake (the “Projects”) from McFarlane Lake Mining Corporation (“MLM”), as previously announced on September 24, 2025 (the... Keep Reading...
10h
Newmont Declares Commercial Production at Ahafo North Gold Mine
Newmont (NYSE:NEM,ASX:NEM) announced that its Ahafo North project in Afrisipakrom, Ghana, has officially entered commercial production, following the site's first gold pour last month. Located about 50 kilometers from Newmont’s existing Ahafo South operation, the Ahafo North mine is expected to... Keep Reading...
27 October
Diamond Drilling Commenced at Paranaíta Gold Project
Visually mineralised targets being drilled to build on existing resource
Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that its 15-hole 1,800m diamond drilling ("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project ("Paranaíta" or the "Project") located in Brazil's historically... Keep Reading...
27 October
Lahontan Recieves $4,316,948 From the Exercise of Warrants and Options
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce the receipt of Cdn $4,316,948 from the exercise of warrants and stock options during the period July 4 through October 23, 2025. Following the exercise of the warrants, stock options, and the issuance... Keep Reading...
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