Fortune Bay Corp

Fortune Bay is focused on advancing its 100% owned Goldfields gold project in Saskatchewan, which has a PEA showing robust economics for a potential open pit mine. Goldfields benefits from established infrastructure including nearby roads, power and communities. It is permitted for development with a valid permit for the Box deposit. The PEA shows an after-tax NPV5% of C$285 million and 35% IRR at base case gold prices.

The company also has early-stage uranium projects near Uranium City, Saskatchewan, where initial drilling has discovered uranium mineralization. The portfolio includes over 50km of prospective strike length for targeting high-grade basement-hosted uranium deposits.

Fortune Bay's third asset is the Ixhuatán project in Mexico which has potential for a major copper-gold porphyry discovery. It hosts a historical estimate of 1.04M oz gold in the Measured and Indicated categories.

The company is focused on creating value through advancing exploration and development of its gold assets in stable mining jurisdictions and sees potential for a re-rating as Goldfields advances towards a construction decision.