This is the Investing News Network. I'm Georgia Williams and we're here in Toronto at PDAC 2026. Joining me today is Dale Vin, CEO of Fortune Bay. Nice to meet you, Dale. >> Nice to meet you. Thanks for having us. >> Thanks for joining us today. Can we start with um your ticker symbol and what exchange your shares trade on? Yeah, we trade on the TSXV under the symbol FOR and we also trade on the OTC QB and in Frankfurt. >> Lovely. Um, it's still early in day one of PDAC, but uh, how's the conference


been so far? >> I've literally just walked in um, and uh, I came early for this, but uh, bumped into so many people along the way. >> Uh, so got you just in time, but good energy and obviously a very important week uh, for the industry. >> Absolutely. Um, Fortune Bay is an exploration and development company focused on Goldfield's gold project in Saskatchewan. Um, you also have some uranium assets. Can you tell us a little bit about your asset portfolio and how you decide where to uh, invest?


>> Yeah, for sure. You know, we really are gold focused company and our gold fields project in Saskatchewan is our flagship asset. We all about developing Saskatchewan's next gold mine. We got a tremendous asset with tremendous economics. It's now moving to a prefeasibility stage. We're doing the permitting. We're working with communities. So, that's really on track and it's a fantastic project and a fantastic place to work in Saskatchewan. We also do have some uranium projects.


We stake those a few years back. Great assets. We got in before the big rush. Uh we've put those into partners' hands. It doesn't cost our shareholders anything, but exploration's ongoing there. And there's always chance of discovery and upside for our shareholders shareholders with those assets too. And we do have a gold project in Mexico that we're looking to get to explore as well. has a historical gold resource zone as well. So, we got a whole pipeline of assets, but we really


focused on moving our gold fields project in Saskatchewan forward this year. >> And Saskatchewan uh you know is often associated with uranium like you said, but gold is a is a new one for me. So, that's really exciting, but it's a great jurisdiction. Um the Fraser Institute's list just came out and they're like the top Canadian mining jurisdiction, I believe. So, um can you tell us a little bit about what it's like to work in in the province? >> It's a fantastic place to work. You


know, I've been working there for 12 years. Previously, I was vice president exploration for Dennis. Um, yes, it's not well known for gold, but it's it's got all the right geology. It's a greenstone belt. Uh, got all that older geology like you'd see in the Abbert Tibby or in Red Lake. Same type of potential. It's seen some um expiration in the past during the World War II era in the 80s and 90s. Uh, quite a lot of gold found, but never explored to the same extent you see in place like


Ontario and Quebec. So, I think it's got a long way to go. It's an emerging I think it's going to be an emerging gold jurisdiction and it's got a it's got a it's it's just a great place to explore and do mining as you said you know Saskatchewan now ranking number three globally um for mining and uh what's really important about the statistics for Canada for Saskatchewan is that it's consistently ranked in the top 10 over the last 10 years and that's what's


important because from we know from expiration to development of a mine can take 10 to 15 years you want that stability, that uh transparency over long periods and Saskatchewan is in my opinion the best place in the world to work. >> And I think that really underscores an important point because the Frasier Institute also looks at mining risk and you know as we sort of head towards this resource nationalism that seems to be um becoming the new era of mining. You want to be in jurisdictions that are you know


pleasant and and have a long mining history. So Saskatchewan, you know, couldn't be any better. Um can you tell us about the permitting process that you're going through there? >> Yeah, so the you know the permitting process is really well defined and you know the way we've scoped our asset to move to a to mine construction is to keep the permitting in province. You know you can if you have a a really big big operation it will require federal review. We've elected to keep it in


province because it already has an environmental approval from before. So we're working with the government. I've actually just flown in from Regina in Saskatchewan. met with the government there and uh you know tremendous turnout. It's so nice to talk to regulators who listen and want to broaden their mineral economy in in Saskatchewan um you know outside of uranium and potish you know so we're getting a lot of support from them for our project and to move forward quickly and to get Saskatchewan's next gold mine


going. So very exciting. You're looking at a very stable regulatory environment. Uh the the the taxation the royalty system hasn't changed since 2006. There's nothing too changed and it's very favorable. The geology is good. there's infrastructure, uh, collaborative communities. So, it really checks all those boxes. Um, and you're right, you know, as as certainly as metal prices increase like gold and silver, you're going to see a lot of governments uh nationalize, take bigger


royalties, you're going to see that change to to capture more of that upside because metal prices have risen. So, Saskatchewan will continue to be stable, transparent, and we know what we're in for. And that's how you that's that provides investors what they need is that stability over the long period to to make an investment in a mine. >> Absolutely. And you mentioned um you know record gold prices. Commodities are doing great. Does you know an all-time high gold price make it that much easier


to sell your project? >> For sure. Like everyone gets excited, right? Um and it it it's important. It's nice to be, you know, but you can't get too caught up and heady in the space because prices also can come down. And we've seen that so many times. So we know we have an asset that will work at half this gold price. It's it's still going to produce fantastic economics. We just got to keep our heads down, do the work. The gold price runs up fantastic. If it comes off a bit, it doesn't change


the picture for us. But as you know, certainly as you look at, you know, geopolitical instability, uh general, you know, global economics and where we headed, you know, I think gold will stay strong for a long time and probably continue to go up um in the shorter term. And you know um adjacent to your project are there any other mineral potential that you're looking at um maybe expanding the area or doing some more drilling? >> Yeah, so we've actually been doing a drilling program at the moment


exploration. We've already got a great project. We know will be a mine and uh we we busy exploring some other prospects on the project. We think we can add ounces from targets that are within 2 kilometers of all our planned mine infrastructure. Um those results should be coming out over the next few months. So we're really excited uh with the drilling we're doing and uh to release those assets to the market. So exciting chapter for us. >> That's absolutely something to look


forward to. In addition to that, is there anything else investors can be on the lookout for uh for the rest of the year? >> Yeah, it's you know it's news from our exploration, news from our technical milestones as we go to PFS, news from our our permitting. There'll be some news from our uranium projects which are going to see some exploration. Uranium is also a very exciting place to be and obviously Saskatchewan the premier jurisdiction for that. Um so lots lots happening in the company you know we're


well funded um so really an exciting time for us. >> Yeah and um both you know gold and uranium are doing really well. So you picked the two best ones. >> Yeah they're fantastic commodities to work in and fantastic for juniors as well. They're really great commodities to be for junior company. >> Absolutely. Well thank you for taking the time to speak with us today. >> Thanks very much. Thanks for having us. >> I'm Georgia Williams and that was Dale Vin CEO of Fortune Bay.