Latest news with #LOI
Hindustan Times
an hour ago
- Business
- Hindustan Times
14 years on, GMADA yet to hand over showrooms against acquired land
Even though the Greater Mohali Area Development Authority (GMADA) had acquired land for the IT City housing scheme at Aerocity in December 2011, around 300 landowners from seven villages, who had applied under the land pooling scheme, are still awaiting possession of their showrooms. Through the land pooling scheme, owners were to be provided with residential or commercial plots instead of monetary compensation in lieu of their land. The size of each showroom is 100 square yards. In contrast, GMADA had already given possession of residential plots in IT City in 2019. According to records, letters of intent (LOIs) were issued in 2013 for 100 square yards SCOs and booths, based on entitlement. The draw for allotment of commercial sites and booths to LOI holders was conducted in August 2021. However, more than three and a half years later, the original allottees have still not received allotment letters or possession of their sites, preventing them from constructing buildings and starting businesses to earn a livelihood. One allottee, Harpal Singh, said, 'GMADA had acquired the land more than a decade ago but has still not given us possession of the showrooms under the land pooling scheme, despite repeated requests.' He added, 'On the other hand, Manav Rachna School and companies such as Infosys and HDFC have already constructed their buildings and are running their operations. It is unclear why GMADA is delaying possession when the infrastructure at the site is already complete.' When contacted, a senior GMADA officer said, 'There are some issues related to services and the alignment of the choe (seasonal stream) passing through the area. We are hopeful that the matter will be resolved soon and possession will be handed over in the next few months.' Another landowner, Sajjan Singh of Chajumajra village, expressed his disappointment, stating, 'There is a lot of discontentment among allottees due to the non-issuance of allotment letters and possession. Many of our children are unemployed and our livelihood is at risk as our agricultural land was acquired way back in 2011. Although the draw for commercial plots was conducted and numbers allotted in 2021, possession has still not been given. Our children and family members are waiting to start their businesses to support the family.' The IT City spans 1,722 acres across Sectors 66-B, 82-A, 83-A and 101-A, adjacent to Airport Road. The first housing scheme in IT City was launched in February 2014, offering 325 residential plots at ₹23,500 per square yard. The second scheme was launched in July 2016 with 750 plots at ₹20,000 per square yard. The most recent one was launched in April 2018.
Business Upturn
18 hours ago
- Business
- Business Upturn
RailTel partners with Techno Electric to set ip 10MW Data Centre in Noida
By Aman Shukla Published on June 1, 2025, 15:34 IST RailTel Corporation of India Ltd. has announced the selection of M/s Techno Electric & Engineering Co. Ltd. (TECL) as its Managed Service Data Centre Partner. This strategic partnership, finalized through an open tender process, involves the development of a 10MW Data Centre in phases on RailTel's land located in Noida. A Letter of Intent (LOI) has already been issued to TECL, marking the commencement of this long-term collaboration. Under the terms of the LOI, TECL will develop the Data Centre in phases on land provided by RailTel in Noida. RailTel will receive a share of the revenue generated from the operations of the Data Centre, calculated on a fixed percentage basis. The duration of the agreement is 30 years, including the implementation phase, with the possibility of extension through mutual consent. As the agreement is structured around future earnings, the financial value of the contract cannot be precisely quantified at this stage. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Straits Times
3 days ago
- Business
- Straits Times
Singapore and France expand defence cooperation with three new agreements
Singapore and France expand defence cooperation with three new agreements SINGAPORE – Singapore and France have signed three defence agreements to deepen cooperation in areas such as artificial intelligence (AI) and advanced defence technologies. They were sealed during French President Emmanuel Macron's s tate v isit to Singapore on May 30, in conjunction with the two countries upgrading their relationship to a Comprehensive Strategic Partnership (CSP). The three agreements are : a Declaration of Intent (DOI) on Enhanced Defence Cooperation, a Letter of Intent (LOI) on Defence Artificial Intelligence Cooperation, and an amendment to the existing Administrative Arrangement on Defence Technology Cooperation (AADTC). The DOI sets out the two countries' commitment to deepen and expand their defence relationship across multiple domains of mutual interest and shared expertise, including in digital defence. It also forms the foundation for both sides to explore new areas of collaboration, such as in critical and emerging technologies, while recognising the support both countries have provided for each other's military activities, said Mindef in a statement. The LOI aims to expand the work of a joint laboratory that Singapore and France set up in April 2023. The laboratory, which focuses on the use of AI in military applications, exemplifies both sides' shared goal of involving operational users and industry partners to co-develop solutions to meet battlefield needs and emerging security threats. Mindef said use cases that both sides have identified include data analysis, countering misinformation and disinformation, autonomous systems, and checking that AI systems work as intended and are safe to use. The final agreement updates a longstanding framework that both sides use to work on the research and development of emerging and advanced areas of defence technology. The original AADTC was signed in November 2003 and last updated in April 2016. The latest agreement adds new areas for cooperation, including in quantum, microelectronics and supply chain resilience, said Mindef. The signings, by Minister for Defence Chan Chun Sing and French Minister of the Armed Forces Sébastien Lecornu, were witnessed by Prime Minister Lawrence Wong and President Macron. The defence agreements are part of a broader effort by the two countries to strengthen mutual cooperation as part of their upgraded partnership . The CSP upgrade, announced during President Macron's visit, aims to build cooperation in other areas as well, such as education , digital policy and green energy. The CSP is Singapore's first with a European country, following similar arrangements with Australia and Vietnam. At a press conference during the visit, PM Wong said defence has always been a 'pillar' of the relationship between the two countries, and that it will be buttressed going forward. 'Under the new partnership, we will enhance cooperation in other areas, including deployment of defence technology and critical and emerging technologies,' he said. Join ST's WhatsApp Channel and get the latest news and must-reads.
The Irish Sun
3 days ago
- Sport
- The Irish Sun
‘For sure' – Heimir Hallgrimsson explains belief in Ireland's World Cup chances despite alarming trend
HEIMIR HALLGRIMSSON believes he can turn water into wine — because he has done it before. With the club football season wrapping up in most countries, the Ireland boss has been able to take stock of the fortunes of his players over the course of the campaign. Advertisement 2 Hallgrimsson maintains Irish players have enough ability to make it to the 2026 World Cup 2 Will Smallbone is one of the eight Irish players to suffer Premier League relegation It does not make for great reading. Earlier this week, That was what LOI academy manager Will Clarke calculated is needed for the national team to be successful, based on studying the next ten best-performing countries after powerhouses England, France, Germany, Italy and Spain. There are 16 spots available for European countries at the World Cup finals next summer and Hallgrimsson believes he can mould his meagre resources into a side that can be one of them. Advertisement Read More On Irish Football Hallgrimsson — who steered his native Iceland to Euro 2016 and the 2018 World Cup — said: 'Yes, I think we have the material to qualify, for sure. 'From experience, I have qualified with less talent than we have here. So that's my take on this question. Obviously, we would like more players to play at a higher level. 'And I think more players will play at a higher level. They're still not peaking in age and all of that. So I'm pretty confident that we will have more players playing more minutes in the top leagues.' If that is to happen, it will have to be through the transfer market. Advertisement Most read in Football Half of the 16 Irish players who featured in the English Premier League this season suffered relegation, with just Josh Cullen and Alan Browne winning promotion to the top flight. But Hallgrimsson is unconcerned and believes many of the players with sides which dropped down to the Championship had strong individual campaigns. AC Milan sack manager Sergio Conceicao with 25-second VIDEO as brief statement is released He said: 'I think the players that got promoted, the likes of Josh Cullen will play more or less all the minutes for Burnley in the Prem. 'I think as well, the players who were in the teams that got relegated, it was not the players that were that bad, and some of the players were injured, like the likes of Sammie Szmodics. When he played, he played really well. Advertisement 'Dara O'Shea played really well, Ryan Manning played well when he was playing for Southampton. 'So it's not the players, Kasey McAteer is playing every minute now. So the quality is there for sure.' Hallgrimsson had previously suggested that defender O'Shea would not be short of options after catching the eye for Ipswich. And he added: 'I think the teams going up will always recruit the most because they will always try to strengthen their squad. Advertisement 'And just looking back to Nottingham Forest when they got promoted, they bought two times, three times a squad. "So it will always be as well that some players will go to clubs and there are better players at that club. 'The general answer would be we like to have players playing at the highest level, but I would rather have players playing than be on the bench at the highest level. That's the diplomatic answer.' FIRE IN THE FRIENDLIES The friendlies against Senegal and Luxembourg will be an opportunity to shine for players who have had frustrating campaigns, such as Will Smallbone and Evan Ferguson, or have revitalised themselves with a loan move, as Andrew Omobamidele Advertisement Hallgrimsson said: 'That's one of the reasons why we need to have camps where we can give players a chance to prove a point for us. "Obviously, because of injuries and then not having the playing time, Will hasn't kind of had the chance to show us what he can do. 'So that's why it's good to have a camp like this and give these players, the Andrews, the Wills, the chance to prove a point. 'Evan as well, normally when we have called him in, he has done pretty good for us. So we know the quality is there, but they haven't been given the platform to show it.' Advertisement Ferguson's loan move to West Ham was not successful in the way Omobamidele's has been, with game time no easier to come by for the 20-year-old forward than it had been at Brighton. It begs the question whether he is simply a victim of circumstances or if he was doing something — or not doing something — to contribute to his woes. Hallgrimsson said: 'I can only judge from the time he's with us. He's been good for us, he's been efficient for us. In training, he looks good. 'So, whatever it is, it's something we cannot control and now we haven't seen him for a long time, so we just want to see him, speak to him and just evaluate where he is.' Advertisement JUNE BREAK Given the various trials and tribulations at club level — but most of all because of the long gap since the Championship season ended — Hallgrimsson is relieved Ireland's World Cup qualifying campaign is not starting in this window. There would have qualifiers in June had they been drawn in a five-team group instead of one with four. He said: 'It would have been tough having a similar squad to Bulgaria when we played them, to have a lot of players who finished a month ago, keeping them fit for an important game. 'We couldn't have done what we did, given them an extended holiday and off-season so they will be fit in September, so they will be rested when it comes to the new season, these guys we left out now. Advertisement 'And that's because the June window has not been successful for Ireland in the past, it's been a tricky window, not playing for a month and then coming into the national team camp for a game that's maybe on a higher level than you play on a regular basis. "You are never 100 per cent physically fit or mentally focused after a holiday period.' With Szmodics ruled out, Hallgrimsson has called in another player who spent the season in the Championship, Andy Moran, who was on loan to Stoke City from Brighton. One of the others, Robbie Brady, is the only player to have been involved when Ireland last competed at a tournament, at Euro 2016, with Hallgrimsson keen to keep drawing on his experience. Advertisement He added: 'I can only say from my experience, once you have smelled it, you know how big it is and you want to go again and again and again. 'They know that and we need them to spread that around the young players, just how massive it is and how fun it is — these are the moments you remember when you stop playing. 'To share that experience is so important. I have spoken about Robbie, how good he has been since I came in. "In the absence of Séamus Coleman, him and Matt Doherty have needed to step up in the leadership role.' Advertisement
Cision Canada
4 days ago
- Business
- Cision Canada
FORTUNE BAY EXECUTES LETTER OF INTENT FOR THE WOODS URANIUM PROJECTS
HALIFAX, NS, May 29, 2025 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI") with Neu Horizon Uranium Limited ACN 653 749 145 (the "Optionee"), a private Australian arms-length party. Pursuant to the LOI, the Optionee will be granted the option (the "Option") to acquire an eighty percent interest in The Woods Uranium Projects ("The Woods" or the "Projects") located on the northern margin of the Athabasca Basin, Saskatchewan (Figure 1). The Woods Highlights: District-scale opportunity, including five projects covering approximately 40,000 hectares. A dominant land position along the Grease River Shear Zone ("GRSZ") within 30 kilometres of the northern Athabasca Basin margin. The GRSZ is significantly underexplored relative to other major Athabasca Basin structures (less than 20 historical drill holes northeast of Fond du Lac, and only 3 historical drill holes on the Projects). Geological settings and structural features are prospective for; 1) unconformity-related basement-hosted uranium deposits, 2) magmatic intrusive uranium deposits and, 3) rare earth element ("REE") deposits. Abundant historical uranium and REE showings, and the highest lake sediment uranium anomalies in Saskatchewan. Dale Verran, CEO for Fortune Bay, commented " We are very pleased to have signed an LOI with Neu Horizon to advance The Woods Uranium Projects. The Projects represent a district-scale opportunity for discovery within a highly prospective region that has seen very little exploration to date, despite favourable geology and a significant endowment of historical uranium occurrences. The agreement to terms for The Woods is a timely development for Fortune Bay, reiterating our Company's strategy to focus on our two advanced gold projects, while retaining upside in partner-funded opportunities generated through low-cost acquisition." Key Terms The Option is exercisable by the Optionee completing staged cash payments and share issuances, and incurring the following exploration expenditures on the Project: The Company will act as the operator during the option period and will be entitled to charge a management fee of 10% of expenditures incurred on the Projects. A participating Joint Venture ("JV") will be formed at the end of the option period, consistent with customary JV Terms. The JV will allow for dilution and should the Company's interest fall below 10% the Company will be granted a 2% net smelter returns ("NSR") royalty. One-half (1%) of the NSR may be purchased at any time prior to commercial production for a cash payment of A$5 million, subject to CPI increase. The LOI is intended to be a non-binding proposal regarding the contemplated transaction, and subject to the finalization of a Definitive Agreement incorporating the principal terms of the LOI . The LOI will terminate on the earlier of (a) the end of the Due Diligence Period being June 28, 2025; (b) the entering into of the Definitive Agreement; or (c) such other date as may be mutually agreed. The Woods Uranium Projects District-Scale Opportunity Along Major Structural Zone The Spruce, Pine, Aspen, Birch and Fir projects (collectively The Woods, 40,958 hectares), staked by Fortune Bay, represent a district-scale opportunity for uranium discovery. Located within 30 kilometres of the northern margin of the Athabasca Basin, the Projects host 25 kilometres of prospective strike length along the Grease River Shear Zone ("GRSZ"), a crustal-scale structural corridor up to five kilometres wide with interpreted structural splays to the north. Unlike other major structural zones in the Athabasca Basin, that have yielded large high-grade uranium discoveries, the GRSZ has seen very limited exploration to date with less than 20 historical drill holes northeast of Fond du Lac and only 3 historical drill holes on the Projects. Significant Uranium Endowment Limited historical exploration efforts during the 1960's and 1970's comprised low-resolution airborne radiometric survey and surface sampling campaigns targeting Beaverlodge-style mineralization, that typically occurs in granitic rocks. Numerous outcropping uranium occurrences were discovered ranging from 222 ppm to 1.6% U 3 O 8. Lake sediment sampling from regional survey across northern Saskatchewan also detected the highest uranium values in the Province within the Projects area, and follow-up lake sediment sampling in the 1970's confirmed this extreme and extensive lake sediment anomalism, ranging from 52 to 1,870 ppm U in Perron Lake on the Aspen Project. In addition, ground follow-up of airborne radiometric anomalies also uncovered numerous REE occurrences, highlighted by values including 2.4% and 3.1% Total REE. Exploration Approach and Target Models The Projects warrant a modern, systematic exploration approach utilizing current exploration models. Exploration programs including; 1) airborne geophysical surveying (electromagnetic ("EM"), magnetic and radiometric), 2) ground surveys (mapping, radiometric prospecting and soil/rock sampling), and 3) exploration drilling, is envisaged to realize potential for: Priority 1: Unconformity-related, basement-hosted uranium deposits These 'Athabasca-style' high-grade (>1% U 3 O 8) deposits (e.g. Arrow, Eagle Point) are associated with basement graphitic rocks along major structures below the Athabasca Basin sandstone (eroded away in the Projects area). Faulted graphitic rocks (softer and less resistant to erosion) would therefore not typically outcrop in the Projects area and would occur in valleys covered by surficial materials (soils, till and/or lakes). Although rarely outcropping, graphitic lithologies have been recorded historically in the Projects area. Modern airborne electromagnetic ("EM") surveying is required to detect graphitic horizons (conductors) for follow up with ground surveys and exploration drilling. Priority 2: Magmatic intrusive uranium deposits These large-tonnage 'Rössing-style' deposits are associated with intrusive leucogranites and pegmatites, and in Namibia have average open-pit mine grades of around 350 ppm U 3 O 8 (Rössing) and 500 ppm U 3 O 8 (Husab). Many of the historical uranium occurrences recorded across the Projects are found within leucogranites and pegmatites with historical grades ranging from around 500 ppm U 3 O 8 to 4,500 ppm U 3 O 8. Recent exploration models for these types of deposits are well-understood and targeted in places such as Namibia, however have been overlooked in Saskatchewan where explorers have focussed efforts on high-grade unconformity-related uranium. Exploration targeting will focus on locating geological settings with potential for large tonnages of mineralized leucogranites/pegmatites. Airborne geophysical surveying, especially in areas with no historical airborne radiometric survey, is expected to identify new radiometric anomalies for investigation along with the numerous historical occurrences. Priority 3: Pegmatite-hosted rare earth element deposits There is an endowment of rare earth elements within pegmatites in this region of northern Saskatchewan, that includes Hoidas Lake (2.6Mt @ 2% Total REE) and Alces Lake (16% Total REE over 16 m drill hole). The Projects include a number of historical REE occurrences ranging from 0.2 to 3.1% Total REE in SDMI occurrences specific for REE that were discovered during historical prospecting for uranium but have not been followed-up. Further field investigation and sampling is warranted to determine grade and tonnage potential of these occurrences. The recently constructed Saskatchewan Research Council Rare Earth Processing Facility in Saskatoon, the first of its kind in North America, provides a strategic advantage to the discovery of REE resources in Saskatchewan. Granting of Long-Term Incentives The board of directors of the Company has approved the granting of 1,170,000 incentive stock options (the "Options") and 250,000 deferred share units (the "DSUs") pursuant to the Company's Stock Option Plan and DSU Plan to its directors, officers, contractors and employees. Directors and officers were awarded 950,000 of the Options which are exercisable at a price of $0.53 per share, expire on May 28, 2030 and vest over a three-year period. 40,000 DSUs were granted to the Company's directors for director fees for the year ended December 31, 2024. In addition, 210,000 DSUs were granted to directors, officers and employees that will vest in accordance with the Company's DSU plan. Technical Disclosure Historical results are derived from the Saskatchewan Mineral Deposit Index ("SMDI") and assessment reports available in the Saskatchewan Mineral Assessment Database ("SMAD") as detailed in the references below. Historical results have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these results relevant to assess the mineralization and economic potential of the property. Historical Results References Regional lake sediment data is derived from the Geological Survey of Canada ("GSC") digital compilation dataset, published 20 November, 2019 and most recently modified 9 November, 2023, available at the following link: which contains information licensed under the Government of Saskatchewan Standard Unrestricted Use Data Licence (Version 2.0). Details regarding the Fond du Lac Uranium Deposit can be found in the publication by Homeniuk, L A, Clark, R. J., and Bonnar, R., Eldorado Nuclear Limited, CIM Bulletin May,1982. "Fond-du-Lac uranium deposit". Quoted ranges of historical uranium concentration in outcrop samples derive from maximum and minimum values from SDMI uranium occurrences (#5418 and #1589 specifically referenced) within the license areas. Highlight values for Total REE content in historical samples reference SDMI occurrences #3314 and #5383. The minimum value quoted in the range of historical values (for SDMI occurrences specific to REE) derive from #5384. Details regarding the other REE occurrences in far northern Saskatchewan can be found using the following references/links: Alces Lake: Appia Rare Earths and Uranium Corp. ( Hoidas Lake: SMDI#1612. As per the 2014 NI 43-101-compliant technical report by Barr Engineering Co., the mineral resource estimates for the JAK Zone at Hoidas Lake include measured resources of 963,808 tonnes at 2.142% TREE, indicated resources of 1,597,027 tonnes at 1.958% TREE, and inferred mineral resource of 286,596 tonnes at 1.784% TREE, or 2.139% TREO Spruce Project References: SMAD Assessment File Numbers 74O07-0002, 74O07-0031, 74O09-0023 and 74O09-0024. Pine Project References: SMAD Assessment File Numbers 74O09-0001, 74O09-0019, 74O08-0076, 74O09-0024, 74O09-0019 and 74O09-0024. Also Fulcrum Metals PLC news release September, 7 2023. Aspen Project References: SMAD Assessment File Numbers 74O07-0032, 74O09-0003, 74O09-0004, 74O09-0019, 74O09-0020, 74O09-0023,74O09-0024, 74O08-0076, and MAW01857. Quoted ranges of uranium concentration in parts per million in Perron Lake derive from 74O09-004. Birch Project References: SMAD Assessment File Numbers 74O10-0002, 74O10-0003, 74O10-0008. Fir Project: SMAD Assessment File Numbers 74O09-0023, MAW02300. The historical results are also fully referenced on Fortune Bay's website ( under each Project within the Technical Disclosure section. Qualified Person The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101. About Fortune Bay Fortune Bay Corp. (TSXV: FOR, FWB:5QN, OTCQB:FTBYF) is an exploration and development company with 100% ownership in two advanced gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Poma Rosa Project), both with exploration and development potential. The Company is also advancing seven uranium exploration projects on the northern rim of the Athabasca Basin, Saskatchewan, which have high-grade potential. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company's website at or by contacting us as [email protected] or by telephone at 902-334-1919. About Neu Horizon Neu Horizon is a public unlisted Australian company focused on discovering and developing Tier 1 uranium deposits in premier exploration jurisdictions. Through this exciting new partnership with Fortune Bay, the company has access to a dominant land package with over 100,000ha of prime exploration ground covering three projects in Sweden and five projects in Canada. Sweden is Europe's leading mining nation and also hosts the world's largest low-grade uranium resource within the Alum-shale, where Neu Horizon has a significant landholding. The company aims to take advantage of the Swedish Government's plans to lift the 2018 moratorium on uranium exploration and mining to delineate a significant European uranium deposit. Canada's Athabasca Basin is the world's leading source of high-grade uranium. Access to this land package along the northern rim of the basin provides Neu Horizon direct access to this underexplored uranium exploration frontier. These strategic projects align Neu Horizon with the global demand for clean, sustainable and low-carbon energy, by taking advantage of both countries' rich uranium resources and supportive mining legislation. On behalf of Fortune Bay Corp. "Dale Verran" Chief Executive Officer 902-334-1919 Cautionary Statement Regarding Forward-Looking Information Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at SOURCE Fortune Bay Corp.
