Fortune Bay Corp.
0.63
CAD
0.00
(0.00%)
ISIN
CA34964F1099
CUSIP
34964F109
Return %
Stock
S&P 500
1Y
-45.22
14.20
3Y
180.00
81.12
5Y
-11.27
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
CAD
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in mil. unless spec.Quarterly Revenue
CAD
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
CAD
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in mil. unless spec.Company Description
- CEO
- Dale Verran
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1969 Upper Water Street Halifax NS Canada B3J 3R7
- IPO Date
- Jul 5, 2016
- Website
- fortunebaycorp.com
- Similar Companies
- Business
- Fortune Bay Corp. is a mineral exploration and development company primarily focused on gold and uranium projects. Founded in 2016 and headquartered in Halifax, Canada, the company owns and advances high-potential mineral assets in North America, specifically in Canada and Mexico. Its main product offerings include gold exploration and development at two flagship projects: the Goldfields Project in northern Saskatchewan, Canada, and the Poma Rosa Project, a copper-gold project in Chiapas, Mexico. Additionally, Fortune Bay aggressively pursues uranium exploration through seven projects located on the northern rim of the Athabasca Basin in Saskatchewan, including the Murmac, Strike, and Woods uranium projects comprising multiple claims such as Spruce, Pine, Aspen, Birch, and Fir. The Goldfields Project is development-ready with an updated Preliminary Economic Assessment (PEA) and active permitting underway, while the Poma Rosa Project offers significant scale and geological diversity with upside potential anchored by an established historical resource and open porphyry exploration targets. The uranium portfolio is notable for high-grade potential typical of the Athabasca Basin, with ongoing partner-funded exploration programs and recent commencement of drilling activities at key uranium sites such as Murmac and Howland Lake. Fortune Bay operates with a strategic focus on disciplined asset advancement, resource growth, and monetization before capital-intensive development phases, complemented by a tight capital structure and non-dilutive income streams from its uranium projects to support general corporate and administrative costs. Recent significant developments include the appointment of Patrick McGrath as Chief Financial Officer in December 2025, succeeding a long-serving predecessor, signaling a leadership transition aimed at driving growth strategy. In 2025, the company initiated environmental studies and community engagement for the Goldfields Project, commenced multiple drilling programs throughout its uranium exploration projects including partner-funded efforts at Murmac, and announced a C$8 million bought deal private placement to fund exploration activities and corporate objectives. These actions underline Fortune Bay’s commitment to advancing its pipeline and expanding its asset base while maintaining a strong focus on responsible and ESG-conscious operations across its dual-jurisdiction portfolio. Fortune Bay targets mid-tier growth by leveraging its dual-jurisdiction exposure—Canada and Mexico—serving a market of precious and uranium metal investors with a portfolio that balances discovery, development, and strategic transactions. The company maintains a skilled technical and management team with a proven track record in exploration success, project development, and value creation within the mining sector. Its overall business segments include gold exploration and development, copper-gold exploration, and uranium exploration, positioning it well in the mineral resource industry with geographic diversification and asset diversity. In summary, Fortune Bay Corp. offers a comprehensive portfolio of advanced gold and uranium exploration projects primarily in northern Saskatchewan and Mexico, with ongoing exploration, development, and strategic financial initiatives designed to maximize shareholder value within the evolving mineral development landscape. Its recent operational advances and leadership changes reflect a disciplined growth strategy in a commodity-driven sector.
Company News
Manhattan Uranium and Fortune Bay Plan Fully Funded 5,000 Meter Drill Program to Test up to 25 Priority Targets at the Murmac and Strike Uranium Projects in Saskatchewan
Aero Energy and Fortune Bay Announce Commencement of Drilling at the Murmac Uranium Project