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Fortune Bay ( (TSE:FOR) ) has provided an update.
Fortune Bay Corp. has announced its winter drill targets for the Murmac Uranium Project, with a drilling program set to commence in March 2025. The project, funded by Aero Energy Limited, identified strong radon-in-water anomalies, suggesting high-grade uranium deposits. The planned drilling will test these anomalies, potentially enhancing the project’s value and positioning Fortune Bay as a significant player in the uranium exploration sector.
More about Fortune Bay
Fortune Bay Corp. operates in the mining industry, focusing on uranium exploration. The company’s primary project is the Murmac Uranium Project located in northern Saskatchewan, Canada. This project is specifically aimed at exploring uranium deposits in the region near Uranium City.
YTD Price Performance: 61.90%
Average Trading Volume: 28,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$16.8M
For a thorough assessment of FOR stock, go to TipRanks’ Stock Analysis page.
