First & Second Quarter 2024
The junior mining market has continued to face significant headwinds, presenting challenges even for juniors holding gold and/or uranium assets with buoyant commodity prices and positive outlooks. With exposure to these commodities, in projects with high potential, we believe Fortune Bay remains well positioned to advance both our exploration-stage and development-stage projects.
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Fourth Quarter 2023
This quarterly update comes in a little later than usual due to our accelerated activities generating uranium projects in the Athabasca Basin, Saskatchewan over the past few months.
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Third Quarter 2023
Recently, we’ve seen a surge in uranium prices, climbing from US$60/lb to over US$70/lb U3O8 during the past month. The coup in Niger, supply disruptions in Kazakstan, and Cameco production cuts are some of the factors at play.
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Second Quarter 2023
Dear Shareholders and Followers, We trust you are having a great summer (for those of us in the northern hemisphere)! This time of year always marks a slow-down in market activity as people enjoy the precious few months of summer.
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First Quarter 2023
Dear Shareholders and Followers. Gold is certainly off to a strong start in 2023 moving beyond US$2,000/oz in recent weeks, with an outlook that remains largely bullish. Despite this, gold companies continue to trade at significant discounts to the gold price.
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Fourth Quarter 2022
A sincere Happy New Year on behalf of the Fortune Bay team! Like many of us I enjoyed some family time over the holiday season.
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Third Quarter 2022
This quarterly update is highlighted by the recent completion of the Preliminary Economic Assessment, or PEA, for the Goldfields Project.
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Second Quarter 2022
The second quarter of 2022 was a busy and exciting period for Fortune Bay as we went about implementing the expansive set of plans for the Company’s gold and uranium projects in northern Saskatchewan.
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First Quarter 2022
I’m pleased to provide you with this update for the first quarter of 2022, which was highlighted by Goldfields Phase 1 assay results, Goldfields Phase 2 exploration drilling (assays pending), and the commencement of ground gravity surveying on the Strike and Murmac uranium projects.
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Fourth Quarter 2021
A sincere Happy New Year from the Fortune Bay team! Like many of us I enjoyed some family time over the holiday season. It also provided an opportunity to reflect on 2021 which was marked by some important milestones for the Company in it’s first year of significant field operations.
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Third Quarter 2021
I’m pleased to provide this update after a busy third quarter which saw the completion of our Phase 1 resource expansion drilling program at Goldfields, and the announcement of two exciting uranium projects well-within reach of our established operational base in Uranium City.
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Second Quarter 2021
I’m pleased to provide this update after an active second quarter which was highlighted by our Phase 1 drilling program on the Goldfields Project in northern Saskatchewan.
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First Quarter 2021
The first quarter of 2021 saw the delivery of a couple of key objectives for our flagship Goldfields project, which included the start-up of our Phase 1 drilling program and the completion of a new mineral resource estimate.
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Fourth Quarter 2020
As the year of 2020 ended, I was pleased to reflect on the advancements Fortune Bay made during a challenging year for us all as we dealt with the impacts of the global pandemic and related disruptions.
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Third Quarter 2020
I am pleased to provide you with a quarterly update of Fortune Bay Corp. by way of this letter ‘From the CEO’s Desk’. This is something we plan to provide to shareholders and potential investors following each calendar quarter to summarize our ongoing developments, and activities going forward.
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