$FOR.V

Fortune Bay, Manhattan Uranium Launch Drill Program at Murmac Uranium Project in Saskatchewan

Fortune Bay (FOR.V) has commenced drilling at the Murmac uranium project in Saskatchewan under a program funded by Manhattan Uranium Discovery (MANU.V), Fortune said Tuesday.The 5,000-meter drill campaign is focused on targeting high-grade, basement-hosted uranium mineralization related to the Athabasca Basin.Drilling is now underway on 15 priority targets. The program includes both follow-up targets near previous uranium results and new targets that have not been tested, Fortune Bay said."Previous drilling has confirmed that the project's graphitic conductor corridors are prospective for shallow uranium mineralization, and this fully funded program gives us the opportunity to follow up along strike from known mineralization while also testing compelling new targets generated from our broader exploration work," said Gareth Garlick, vice president for technical services at Fortune Bay.Fortune Bay's Murmac and Strike projects are subject to a December 2023 option agreement, under which Manhattan can acquire up to a 70% interest in the projects by funding C$6 million in exploration expenditures, making cash payments totaling $1.4 million, and issuing $2.15 million in common shares.Fortune Bay is the operator during the option period and is entitled to charge a 10% management fee on exploration expenditures.

Fortune Bay and Manhattan Planning Fully Funded 5,000 Metre Drill Program for Murmac and Strike Uranium Projects

Fortune Bay Corp. (FOR.V) announced Thursday that priority drill targets have been selected for the upcoming exploration program at the Murmac and Strike Uranium Projects, located near Uranium City in northern Saskatchewan.The upcoming program is expected to consist of approximately 5,000 metres of drilling to test up to 25 priority targets across the projects, the company said. The targets include both follow-up opportunities near previous uranium results and first-pass tests of newly defined targets along more than 60 kilometres of prospective electromagnetic conductor packages on the northern margin of the Athabasca Basin, it added.The program is being funded by Manhattan Uranium Discovery Corp. (MANU.V), formerly Aero Energy Limited, under an option agreement, with Fortune Bay acting as operator.Shares in FOR were up $0.02 or 2.7% to $0.75 yesterday. MANU was down $0.02 or 5.5% at $0.34.

Fortune Bay and Manhattan Plan Fully Funded 5,000 Metre Drill Program for Murmac and Strike Uranium Projects

Fortune Bay Advances Pre-Feasibility Work Programs For Goldfields Project

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.

Fortune Bay Provides Latest Assays from Golden Pond Target in Saskatchewan

Fortune Bay (FOR.V) reported Tuesday the latest assays from the Golden Pond target within the Goldfields gold project in Saskatchewan.Highlights from the 771-meter drilling program include 1.20 grams per tonne (g/t) gold over 23.2 meters, including 4.68 g/t gold over 3.2 m, with 12.20 g/t gold over 1.0 m.All holes intersected gold mineralization, confirming continuity of the targeted mineralized system, Fortune Bay said."The drilling validated our revised geological model, confirmed shallow gold mineralization beyond the historically defined area, and demonstrated that the system remains open for further testing," Chief Executive Officer Dale Verran said.

Fortune Bay Provides High-Grade Drill Results from Box Deposit in Saskatchewan

Fortune Bay (FOR.V) reported Tuesday new high-grade drill intersections from a large step-out hole from the Box deposit within the Goldfields gold project in Saskatchewan.Highlights include 9.9 grams per tonne (g/t) gold over 7.0 meters, within 3.7 g/t gold over 21.0 m, in hole B26-350.The company said the intercept is located 140 m outside of the current open-pit constrained mineral resource estimate and 140 m down-plunge of previous Zone A high-grade intercepts."This result shows that the Box deposit continues well below the current pit-constrained resource," said Gareth Garlick, Fortune Bay's vice president for technical services."This points to clear potential to grow the deposit and supports our view that the Goldfields Syncline hosts a much larger gold system," Garlick added.Fortune Bay said it has now completed its 2025/2026 winter exploration drilling program at Goldfields. The company said it has reported all assay results from the Box deposit, while other results from the Golden Pond and Frontier areas remain pending.