08:38 AM EST, 11/12/2025 (MT Newswires) -- Fortune Bay ( FTBYF ) said Wednesday that it has initiated key technical work streams to advance the Goldfields Project in Saskatchewan toward a pre-feasibility study (PFS) next year.

A drilling program for the Box and Athona deposits in Goldfields is being planned, to provide the required drill coverage and core samples to support the PFS for the project. The company said permitting activities are also progressing through baseline environmental studies and planned community consultation.

Fortune Bay ( FTBYF ) recently completed an $8 million bought-deal financing.

"Goldfields stands out as a development-ready gold asset in a premier mining jurisdiction," said Dale Verran, chief executive. "With robust Updated PEA economics, a strong project foundation and now a fully funded advancement plan, we are positioned to unlock meaningful value on multiple fronts."