Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines (TSX, NYSE: FURY) announced positive results from a Preliminary Economic Assessment (PEA) for its Eau Claire gold deposit in Quebec. The study evaluated three scenarios, with the Base Case showing an after-tax NPV(5%) of $554M and IRR of 41% at US$2,400/oz gold.

The project expects to produce 834,367 ounces of gold over an 11-year mine life, averaging 76,000 ounces annually at an AISC between US$1,140-1,170/oz. Initial capital requirements range from C$117M to C$217M depending on the development scenario, with rapid payback periods of 1.1-2.5 years.

The mine plan combines underground operations producing 702,000 ounces at 5.22 g/t gold with two small open pits yielding 132,000 ounces at 2.50 g/t gold. The project benefits from existing infrastructure including hydro power and road access, with 76% of the mine plan resources already in the Measured and Indicated category.

Fury Gold Mines (TSX/NYSE: FURY) has announced promising initial results from its inaugural drilling campaign at the Sakami gold project in Quebec. The first drill hole (25SK-001) intercepted five distinct zones of gold mineralization, with notable results including 41.5 metres of 1.23 g/t gold and 11.8 metres of 1.28 g/t gold.

The company has completed 3,160 metres of drilling across six holes at the project, which covers 14,250 hectares. The drilling confirmed mineralization continuity at La Pointe Extension prospect and identified a high-grade gold core that appears to strengthen down plunge. The project features a 23-kilometer-long targeted structure with significant exploration potential, with results pending from additional completed drill holes.

The drilling program is part of a larger 5,000-metre campaign planned for 2025, with five holes targeting the La Pointe Extension and one hole at the previously undrilled Juliette target.

Fury Gold Mines (TSX/NYSE: FURY) has announced promising metallurgical test results from its Ninaaskumuwin lithium discovery in Quebec's Eeyou Istchee James Bay Territory. The tests revealed that the lithium mineralization is suitable for conventional extraction techniques, with Heavy Liquid Separation achieving 62.2% lithium recovery and 5.59% Li2O concentrate grade.

Key findings include spodumene content up to 42%, with spodumene being the sole lithium-bearing mineral. The pegmatite is free of impurities, suggesting potential for battery-grade lithium products. The project, located 60 kilometers north of the 'km 381' rest stop and 50 kilometers north of Rio Tinto's Galaxy Lithium project, recently reported drilling results of 32.35 meters of 1.16% Li2O.

Fury Gold Mines (TSX/NYSE American: FURY) has initiated its 2025 exploration drilling program at the Committee Bay project in Nunavut, Canada. The program encompasses 7-10 diamond drill holes totaling 5,000 metres, focusing on three key areas: the Three Bluffs Shear Zone, Raven prospect, and Burro West.

The Three Bluffs Gold deposit currently holds 524,000 oz of indicated gold resources at 7.85 g/t and 720,000 oz of inferred gold resources at 7.64 g/t. Previous drilling in 2021 yielded significant results, including intersections of 13.93 g/t gold over 10m and 18.67 g/t gold over 3m. The 2025 program will include 2,750m of drilling at Three Bluffs, 1,000m at Raven, and 500m at Burro West.

Fury Gold Mines (TSX/NYSE: FURY) has announced significant drill results from its maiden drilling program at the Ninaaskumuwin lithium discovery at the Elmer East project in Quebec. The program, consisting of 825 metres across 5 holes, revealed impressive intercepts including 32.35m of 1.16% Li2O and 22.48m of 1.19% Li2O.

The discovery is located on Fury's 100% owned Elmer East project, spanning 45,735 hectares, and is situated approximately 50 km north of Rio Tinto's Galaxy Lithium project. The spodumene-bearing pegmatite has shown potential for a 3.8 km strike length, with surface samples returning values up to 3.92% Li2O. The mineralization remains open at depth and along strike, with vertical continuity confirmed to 150m below surface.

Fury Gold Mines (TSX and NYSE American: FURY) has announced the results of its Annual General Meeting held on June 26, 2025. The meeting saw a 38.48% participation rate with 61,696,271 common shares represented. All director nominees were successfully elected to the board, with Steve Cook receiving the highest approval at 97.45% of votes. Additionally, Deloitte LLP was reappointed as the company's auditor with 95.40% approval.

Fury Gold Mines (FURY) has successfully closed a private placement financing, raising total gross proceeds of C$3.37 million. The financing consisted of two parts: a C$3.08 million flow-through share offering at C$0.77 per share, and a C$294,800 private placement with Agnico Eagle at C$0.67 per share. The flow-through offering involved 3,999,701 shares, while Agnico Eagle acquired 440,000 common shares through their participation right. A company director participated by purchasing 52,000 flow-through shares. The proceeds will be used to advance Fury's Committee Bay exploration program and pursue exploration opportunities at their Quebec and Nunavut projects.

Fury Gold Mines (FURY) has finalized drill targets at its Sakami gold project in Quebec's James Bay region, with drilling set to begin in June 2025. The 3,000-5,000 meter campaign has three main objectives: exploring the 23km gold-bearing Juliette target corridor, confirming historical mineralization at La Pointe and La Pointe Extension targets, and conducting stepout drilling along a high-grade corridor. Historical drilling revealed significant gold mineralization up to 75m wide and 500m deep, with notable intercepts including 7.79 g/t Au over 3.0m and 8.70 g/t Au over 7.0m. The 14,250-hectare project is strategically located near the Billy Diamond Highway. Additionally, at the Éléonore South project, initial drilling results showed low-grade gold mineralization across multiple zones, with plans for future exploration targeting moderate to high arsenic anomalism within the identified structural corridor.

Fury Gold Mines has increased its proposed private placement offering from C$2.5M to C$3.08M. The company plans to issue 4 million flow-through common shares at C$0.77 per share to accredited and institutional investors in Canada. The offering could potentially increase by up to 15.4% if a strategic investor exercises their pre-emptive participation rights. The closing is expected around June 19, 2025, subject to customary conditions including TSX and NYSE American approval. The securities will not be registered under U.S. Securities Act and cannot be offered or sold in the United States.