Fury Gold Mines Limited - FURY STOCK NEWS

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has filed its 2021 annual report on Form 40-F with the SEC. This includes its annual information form, management discussion, and audited financial statements for the year ending December 31, 2021. Notably, the independent auditor's report highlighted a going concern emphasis, relating to the company’s working capital and accumulated deficit as of the end of 2021. This financial uncertainty raises concerns for investors about Fury's future viability.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has appointed Bryan Atkinson as Senior Vice President of Exploration and Michael Henrichsen as Chief Geological Officer. Both have been integral to the company since October 2020, with Atkinson having led significant exploration drilling projects and Henrichsen overseeing geological strategies. The company’s CEO, Tim Clark, expressed confidence in their new roles as Fury advances its exploration at Eau Claire this year. Additionally, Salisha Ilyas has resigned as Vice President of Investor Relations.

Fury Gold Mines Limited announced its participation in the BMO Global Metals & Mining Conference from February 27 to March 2, 2022. The company's CEO, Tim Clark, will present on March 2 at 8:45 AM ET, highlighting advancements in the Eau Claire high-grade gold project in Quebec. The conference aims to connect mining companies with investors and analysts. Fury Gold Mines focuses on exploration in Canada and aims to grow its gold platform through rigorous project evaluation and exploration excellence.

Fury Gold Mines Limited has announced that 98.8% of Dolly Varden Silver Corporation shareholders approved the $50 million acquisition of Fury's Homestake Ridge gold-silver project. This acquisition is expected to consolidate key projects in the Kitsault Valley mineral deposit trend. CEO Tim Clark expressed confidence in the project's potential and support from Dolly Varden's management. The transaction completion relies on customary conditions, with an expected date around February 25, 2022. More details are available in the information circular filed by Dolly Varden.

Fury Gold Mines Limited announced promising results from its 2021 exploration program at the Raven prospect within the Committee Bay project in Nunavut. Key findings included drill intercepts of 9.18 g/t gold over 1.5 metres and 7.30 g/t over 1.0m, alongside rock grab samples showing up to 32.90 g/t gold. These discoveries expanded the mineralization footprint by 160m down plunge and 70m along strike. The identified high-grade areas indicate significant potential for further exploration in 2022.

Fury Gold Mines Limited has announced significant drill results at the Snake Lake prospect, located east of the Eau Claire deposit in Quebec. Highlights include intercepts of 20.70 g/t Au over 1.5 meters and 5.16 g/t Au over 2.50 meters. The drilling has expanded the mineralization footprint within the Snake Lake corridor to over 950 meters along strike. The company's exploration strategy focuses on confirming the extensions of the Eau Claire deposit, indicating strong potential for further gold discoveries.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has announced the identification of 15 new gold anomalies at the Percival prospect in Quebec, following a successful biogeochemical sampling program. The anomalies span 6.5 km and will be the focus of further exploration, including an induced polarization geophysical survey scheduled for February. Historical drill results have shown significant gold intercepts, including up to 93.1m of 2.22 g/t gold. The company's exploration efforts aim to enhance its current resources and identify new potential discoveries.

Fury Gold Mines Limited (TSX:FURY) provided significant updates on its corporate and exploration activities in 2021. The company accomplished a private placement worth CAD$5.6 million and secured a CAD$50 million deal selling its Homestake Ridge project to Dolly Varden Silver. Exploration efforts led to promising results at both the Eau Claire and Committee Bay projects, with notable gold intercepts. As of December 31, 2021, Fury held a cash position of approximately CAD$3.1 million, positioning the company well for 2022.

Dolly Varden Silver Corporation and Fury Gold Mines Ltd have announced a definitive agreement for Dolly Varden to acquire the Homestake Ridge gold-silver project for CAD $50 million. The project contains an estimated resource of 165,993 ounces of gold and 1.8 million ounces of silver in the Indicated category, and 816,719 ounces of gold and 17.8 million ounces of silver in the Inferred category. The transaction aims to consolidate resources for enhanced exploration and development synergy. Fury will receive $5 million in cash and shares, gaining approximately 36.9% ownership in Dolly Varden post-transaction.