Fortune Bay Corp.
Financials:
Primary ticker: TSXV:FOR, FWB:5QN, OTCQX:FTBYF
Stage of development: Exploration, Development
Primary minerals: Gold, Uranium
Projects to promote: Goldfields Gold Project, Strike & Murmac Uranium Projects
Project location: Canada
Website: www.fortunebaycorp.com
Corporate presentation: Click here
Fortune Bay Corp. (TSXV:FOR, FWB: 5QN) is an exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing the 100% owned Strike and Murmac uranium exploration projects, located near the Goldfields Project, which have high-grade potential typical of the Athabasca Basin. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation.
Cash: CAD$2.5M
Debt: NIL
Major shareholders:
Predominantly retail
Management ownership – 15%
Management Profile
Dale Verran, Chief Executive Officer
Mr. Dale Verran has over 20 years of international experience in the mining and mineral exploration industry. He is a recognized business and technical leader with a proven track-record of project generation, discovery and project advancement, in both Africa and Canada. Most recently, Mr. Verran served as Vice President, Exploration for Denison Mines Corp., a Lundin Group Company. He has previously served as Executive Technical Director for a large independent exploration group operating in Africa, Remote Exploration Services (Pty) Ltd (Mineral Services Group), and as Exploration Manager for Manica Minerals Limited, a private prospect generator company with an extensive multi-commodity portfolio of projects in Africa.
Mr. Verran holds a Bachelor of Science in Geology from the University of KwaZulu-Natal, a Bachelor of Science in Geology (Honours) from the University of Cape Town and a Master of Science in Exploration Geology from Rhodes University. Mr. Verran is a registered P.Geo (APEGS).
What is your rationale for taking part 121 Mining Investment?
What recent news would you like to highlight to investors attending?
MARCH 7, 2022 – Fortune Bay Intersects 13.22 g/t Gold over 8 Metres in Additional Step-out Holes at Box, Goldfields Project
APRIL 11, 2022 – Fortune Bay Commences Preliminary Economic Assessment for Goldfields Project, Saskatchewan
JUNE 28, 2022 – Fortune Bay Intersects Elevated Radioactivity in Maiden Drill Program at the Strike Uranium Project
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete PEA for Goldfields Gold Project
Raise capital for 2023 to fund exploration and project development activities
6 Months:
Advance Goldfields Gold Project to PFS
Continue exploration/delineation drilling on Athabasca Basin uranium projects
12 Months:
Spin-out / farm-out of Ixhuatan Gold-Silver-Copper Project
What do you think makes your company such a compelling investment?
Small market cap. with potential to unlock significant value on exploration and project development fronts. Underpinned by substantial gold resources (~3Moz), and advancing Goldfields Gold Project through PEA. Significant upside through potential to make a high-grade uranium discovery in area with established infrastructure.
What are the top 3 key investor takeaways?
1. Undervalued assets compared to peers, increasing market visibility
2. High-potential gold and uranium assets in top-ranked jurisdiction, with expected catalysts from gold PEA and uranium exploration drilling
3. Experienced team, proven track-record