Welcome to Fortune Bay Corp’s PitchPage, a snapshot of the highlights and catalysts driving the company forward.

Fortune Bay (TSXV: FOR | OTCQB: FTBYF) is a gold-focused explorer and developer with projects in Saskatchewan and Mexico, alongside partner-funded uranium exploration in Saskatchewan. 

The company has just announced an updated PEA for its Goldfields Project in Saskatchewan, delivering strong results. 

Watch the video below for a summary in just under one minute for key takeaways from the updated study by the CEO, Dale Verran.

CEO COMMENTARY

Fortune Bay Corp. Capital Structure
Oct 9, 2025

Summary of Updated PEA
Sep 23, 2025

Stock Information

Why Invest

Updated PEA Announced

Updated PEA announced on September 23rd, outlining a stronger, longer-life mine plan in one of the world’s top mining jurisdictions with an after-tax NPV (5%): C$610M at US$2,600/oz (base).

Strategic Business Model

Fortune Bay focuses on creating value at the steepest part of the Lassonde Curve through discovery, resource expansion, and early-stage development, then monetizing assets before capital-intensive development stages.

Dual-Jurisdiction Gold Portfolio

Goldfields (Saskatchewan, Canada) is development-ready in a top-ranked jurisdiction; Poma Rosa (Chiapas, Mexico) presents transformational upside with gold-copper exploration potential well beyond the historically defined gold resources.

Tight Capital Structure

Minimal dilution to date, high per-share leverage, and non-dilutive income from uranium asset partnerships.

Strong Leadership

Led by a seasoned team with proven technical expertise and capital markets experience, including a CEO with discovery and early development credentials and an Executive Chairman with a track record in value creation.

Compelling Valuation & Near-Term Catalysts

Trading at a discount to peers with recently announced updated PEA and upcoming milestones (permitting, drilling), offering significant re-rating potential.

Timeline and Milestones

RECENTLY ACCOMPLISHED

  • Updated PEA for Goldfields announced on September 23rd with great results.
  • Reinitiation of environmental baseline and permitting efforts at Goldfields.
  • Strengthened community engagement in Mexico, laying groundwork for Poma Rosa reactivation.
  • Signed option agreements for uranium portfolio (Murmac, Strike, The Woods), securing non-dilutive capital and operator status, while retaining upside for shareholders.

UPCOMING

  • Q3 2025

    Updated PEA for Goldfields
     COMPLETED
    Link to News Release

  • 2H 2025

    Consultation and permitting work at Goldfields

  • Year-End 2025

    Community groundwork at Poma Rosa

  • Fall 2025

    Uranium drilling at Murmac

  • 2026

    Exploration drilling at Goldfields, Poma Rosa, and The Woods uranium projects

Projects

Goldfields (Saskatchewan) – Development-Stage Flagship

Fortune Bay’s 100%-owned Goldfields Project in northern Saskatchewan is a development-stage with a recently completed updated PEA announced on September 23rd, outlining a stronger, longer-life mine plan in one of the world’s top mining jurisdictions. 

Highlights of the updated PEA:

  • After-tax NPV (5%): C$610M at US$2,600/oz (base); C$1,253M at spot US$3,650/oz (Sept 19, 2025).
  • IRR: 44% (base), ~74% at spot.
  • After-tax cumulative FCF: C$914M (base); C$1,817M (spot).
  • Mine life: ~13.9 years, 896,000 oz payable gold.
  • Resource confidence: 97% Indicated ounces in the plan.
  • De-risked development: <5,000 tpd throughput designed to stay within provincial permitting; 2008 EIS remains valid.

What’s changed since the 2022 PEA?

Economics are meaningfully stronger and the mine life is longer (from ~8.3 years to ~13.9 years), even after accounting for higher costs and capex. In short, Goldfields screens as a low-capex, high-return development with strong leverage to gold.

With permitting activities underway and pre-feasibility/de-risking work ahead, the Updated PEA strengthens the investment case for Fortune Bay in this gold cycle.


Poma Rosa (Chiapas, Mexico) – Historical Resource with Growth Potential

If Goldfields is the anchor, Poma Rosa (formerly Ixhuatán) provides scale potential.

The project hosts a historical gold resource estimate of ~1.7 Moz:

  • 1.04 Moz @ 1.80 g/t (Measured + Indicated)
  • 0.70 Moz @ 1.0 g/t (Inferred)

Fortune Bay is advancing community consultation to enable field work, which would support conversion of this historical estimate into a current NI 43-101 resource and additional exploration. The company has also noted the presence of a deeper porphyry target, which requires further drilling to evaluate.

An amparo (injunction) protects concession rights, and the company reports constructive engagement with local communities.
 

Uranium (Athabasca Basin, Saskatchewan) – Partner-Funded Portfolio

Fortune Bay’s uranium assets provide additional exposure without direct shareholder dilution.

  • Murmac & Strike (optioned to Aero Energy): Aero may earn 70% over 3.5 years by funding C$6M in exploration plus cash/shares. Fortune Bay acts as operator and collects a 10% fee. Past drilling intersected grades up to 13.80% U₃O₈. Drilling is scheduled for fall 2025.
  • The Woods Projects (optioned to Neu Horizon Uranium): Neu Horizon may earn 80%. The ~40,000 ha property along the Grease River shear has drill permits in place. Geophysics is underway; drilling is anticipated in 2026

People

Capital Structure