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Fortune Bay ( (TSE:FOR) ) has issued an announcement.
Fortune Bay Corp. has announced its winter drill targets for the Murmac Uranium Project in northern Saskatchewan, following a successful radon-in-water survey. The survey identified strong radon anomalies along electromagnetic conductors, which are indicative of potential uranium deposits. The upcoming drilling program, funded by Aero Energy Limited, aims to test these promising targets, potentially enhancing Fortune Bay’s positioning in the uranium exploration sector.
More about Fortune Bay
Fortune Bay Corp. operates in the uranium exploration industry, focusing on the identification and development of high-grade uranium deposits. The company is engaged in exploring the Murmac Uranium Project located in northern Saskatchewan, Canada, particularly targeting basement-hosted deposits related to the Athabasca Basin.
YTD Price Performance: 61.90%
Average Trading Volume: 28,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$16.8M
See more data about FOR stock on TipRanks’ Stock Analysis page.