Fortune Bay Corp (FOR) Financings
TSXV: FOR · Gold, Copper, Uranium · Advanced Exploration stage
- Market cap$47.8M
- Share price$0.670
- 52-week range$0.550 – $1.17
- Shares outstanding71,291,155
- ExchangeTSXV
- Websitefortunebaycorp.com
Fortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management.
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Fortune Bay Corp financial statements
Key figures read from 40 of 40 financial statement filings, Nov 24, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$7,900,489 | C$456,661 | — | C$531,837 | C$6,512,470 |
| Short-term investments | — | C$93,333 | — | — | — |
| Total current assets | C$8,322,274* | C$721,927* | C$731,478* | C$713,917* | C$6,658,150* |
| Total current liabilities | C$1,158,750 | C$1,290,430 | C$879,010 | C$198,486 | C$654,644 |
| Working capital | C$7,163,524 | (C$568,503) | (C$147,532) | C$515,431 | C$6,003,506 |
| Exploration and evaluation assets | C$24,890,359 | C$23,238,255 | C$23,147,548 | C$22,759,259 | C$17,984,870 |
| Property, plant and equipment | C$162,820 | C$172,022 | C$186,067 | C$222,501 | C$123,098 |
| Total assets | C$33,669,113 | C$24,173,051 | C$24,104,744 | C$23,734,175 | C$24,804,543 |
| Debt | C$0 | C$543,935 | C$499,200 | — | C$0 |
| Total liabilities | C$2,122,945 | C$2,210,918 | C$1,573,572 | C$849,550 | C$1,051,967 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$127,241 | C$107,593 | C$115,227 | C$178,023 | C$150,899 |
| Share-based compensation | C$389,481 | C$305,188 | C$383,108 | C$447,346 | C$340,127 |
| Impairments and write-downs | — | — | — | C$0 | (C$140,309) |
| Net income (loss) | (C$1,167,209) | (C$1,489,503) | (C$1,386,742) | (C$1,371,331) | (C$1,827,759) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,481,109)* | (C$511,479)* | (C$714,348)* | — | (C$1,649,395)* |
| Investing cash flow | (C$1,463,052)* | (C$209,940)* | (C$387,348)* | — | (C$2,379,715)* |
| Financing cash flow | C$10,387,989* | C$592,923* | C$1,155,016* | — | C$7,501,166* |
| Exploration spending (capitalized) | (C$1,445,832) | (C$204,695) | (C$390,920) | — | (C$2,289,844) |
| Proceeds from share issues | — | — | C$655,816 | — | C$5,611,734 |
| Change in cash | C$7,443,828 | (C$128,496) | C$53,320 | (C$5,980,633) | C$3,472,056 |
| Cash at end of period | C$7,900,489 | C$456,661 | C$585,157 | C$531,837 | C$6,512,470 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Fortune Bay Corp financings
3 financings announced or closed by Fortune Bay Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-04-02 | Fortune Bay Corp (FOR) | Private placement, non-brokered | Closed, 1 tranche | $3.0M | $0.320 | Fortune Bay to Complete Non-Brokered Private Placement |
| 2024-07-17 | Fortune Bay Corp (FOR) | Private placement, non-brokered | Closed, 1 tranche | $600K | $0.220 | Fortune Bay to Complete Non-Brokered Private Placement |
| 2023-10-13 | Fortune Bay Corp (FOR) | Private placement, non-brokered | Closed, 1 tranche | $700K | $0.230 | Fortune Bay Announces Non-Brokered Private Placement |