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Fortune Bay Gives Update on Partner-funded Uranium Exploration in Saskatchewan
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Fortune Bay Gives Update on Partner-funded Uranium Exploration in Saskatchewan
Aug 20, 2025 5:32 AM

08:11 AM EDT, 08/20/2025 (MT Newswires) -- Fortune Bay ( FTBYF ) on Wednesday gave updates on partner-funded exploration programs at its uranium projects in Saskatchewan.

The company said a three-hole drill program at the Murmac uranium project is scheduled to commence in mid-September. The project is under an option agreement with Aero Energy ( AAUGF ) .

The company also said that airborne geophysical survey is currently underway at The Woods projects after signing an option agreement with Neu Horizon Uranium.

"Our partner-funded uranium programs at The Woods and Murmac are advancing rapidly, providing shareholders with discovery exposure in one of the world's premier uranium jurisdictions - at no cost to Fortune Bay ( FTBYF )," Fortune Bay ( FTBYF ) CEO Dale Verran said. "In addition to discovery upside, these programs generate revenue for the company through operator fees, further strengthening our position while we advance our core gold projects."

Fortune Bay's ( FTBYF ) share price dropped 6.5% Tuesday to $0.72 on the TSXV.

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