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Fortune Bay Advances Pre-Feasibility Work Programs For Goldfields Project

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Fortune Bay (FOR.V) is advancing pre-feasibility work for its Goldfields project in Saskatchewan, the company said on Thursday.

Fortune Bay is advancing engineering studies, environmental programs, and community engagement initiatives to build on the development case outlined in the 2025 updated preliminary economic assessment (PEA). The company, which is maintaining the PEA dore production case as the base case development scenario, also noted that preliminary test results indicate the waste rock samples are not expected to generate acidic conditions.

"Goldfields continues to advance along a disciplined path toward a Pre-Feasibility Study, building on the strong foundation established in the 2025 Updated PEA," said chief executive Dale Verran. "Recent geotechnical and waste rock results are consistent with the established project assumptions and support the view that Goldfields is a technically straightforward development opportunity, benefiting from a prior environmental approval and an extensive historical dataset. With multiple work programs now active and important milestones ahead, our focus is on de-risking the PEA development case, confirming key technical inputs and evaluating opportunities to further optimize the Project."

Fortune Bay shares closed down $0.01, to $0.58 on Wednesday on the TSX Venture Exchange.

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