Fortune Bay Corp.


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

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?

Actively advancing Goldfields Gold Project through PEA, and initiating exploration drilling on Athabasca Basin uranium projects. Looking to meet both inistitutional and retail investors. Fully-funded for 2022 but looking to raise capital in Q4 to fund activities for 2023.

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