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Fury Gold Mines Limited - FURY STOCK NEWS

Welcome to our dedicated page for Fury Gold Mines news (Ticker: FURY), a resource for investors and traders seeking the latest updates and insights on Fury Gold Mines stock.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) is a Canadian-focused exploration and development company strategically positioned within three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region, Nunavut. The company's core projects include the Eau Claire, Homestake Ridge, Committee Bay, Eleonore South Joint Venture (JV), and Gibson MacQuoid, with a primary focus on advancing its flagship asset, the Eau Claire deposit.

The recent completion of the agreement to acquire Newmont Corporation's interest in the Eleonore South gold project, along with 30,392,372 shares of Sirios Resources Inc., underscores Fury's strategic expansion within the James Bay region. This acquisition enhances Fury's prospects for new discoveries and potential growth, reinforcing its commitment to exploration excellence.

Fury's exploration activities continue to yield promising results. The identification of a geochemical gold anomaly at Eleonore South and the completion of significant drilling programs at the Eau Claire and Percival deposits highlight the company's robust pipeline of exploration projects. The 2024 updated Mineral Resource Estimate for the Eau Claire deposit now stands at 1.16Moz gold in the Measured and Indicated category, and an additional 723koz gold in the Inferred category, reflecting the company's success in resource expansion.

Financially, Fury is well-capitalized, having recently secured C$4,005,750 through the sale of common shares of Dolly Varden Silver Corp. These funds will be allocated toward ongoing exploration projects, particularly at the Eau Claire and Eleonore South sites. Fury's strategic investments, including its substantial holding in Dolly Varden Silver Corp, further solidify its financial position.

Under the leadership of CEO Tim Clark, Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement, and sustainable mining. The company's management team and board of directors possess a proven track record in financing and advancing exploration assets, driving Fury's mission to grow its multi-million-ounce gold platform.

For more information on Fury Gold Mines Limited, visit www.furygoldmines.com.

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Fury Gold Mines Limited announced significant results from its Three Bluffs deposit expansion drilling in Nunavut. Drill hole 21TB-152 intersected multiple high-grade gold zones, including 10.0m of 13.93 g/t, 3.0m of 18.67 g/t, and 1.0m of 23.2 g/t. These results exceed expectations and bolster the resource expansion potential at Committee Bay, which already has defined resources of 524,000 oz at 7.85 g/t gold in the indicated category. The company aims to explore these promising intercepts further, enhancing the long-term growth trajectory.

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Fury Gold Mines Limited provided promising results from six core drill holes at the Eau Claire project in Quebec. The highlight was drill hole 21EC-041, which intersected mineralization zones including 3.0 meters of 9.36 g/t gold. This indicates significant growth potential, with the deposit open for further exploration to the west. CEO Tim Clark expressed optimism about ongoing and upcoming exploration activities, aiming to refine plans based on new drilling results. The drilling confirmed the presence of stacked high-grade veins, suggesting a robust resource expansion at Eau Claire.

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Fury Gold Mines Limited has successfully closed the second tranche of a non-brokered private placement, raising CAD$1,781,835 by issuing 2,375,780 units at CAD$0.75 each. This adds to the total gross proceeds of CAD$5,596,088 from the entire placement. Each unit consists of one common share and one warrant, allowing purchase of additional shares at CAD$1.20 for three years. Proceeds will support ongoing exploration at the Eau Claire project in Quebec and general working capital.

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Fury Gold Mines Limited has successfully closed the first tranche of its non-brokered private placement, issuing 5,085,670 units at CAD$0.75 per unit, which raised gross proceeds of CAD$3,814,253. Each unit comprises one common share and one warrant, allowing the purchase of additional shares at CAD$1.20 for three years. The funds will support exploration at the Eau Claire project in Quebec and cover working capital. The company anticipates completing further tranches soon, having received conditional approvals for issuing 7,578,117 units.

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Fury Gold Mines (FURY) has entered a Royalty Purchase Agreement to acquire a 2% net smelter return royalty on specific claims at its Homestake Ridge project in British Columbia for $400,000. This amount will be paid 25% in cash and 75% in shares, with the share issuance subject to a four-month hold period. This acquisition aims to simplify ownership structure as the project progresses. The Homestake Ridge project is located in a gold-rich area, covering 7,500 hectares, and is 100% owned by Fury, subject to two existing royalties.

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Fury Gold Mines Limited has appointed Tim Clark as CEO to spearhead a renewed focus on exploration and discovery. The company will prioritize its core assets, Eau Claire and Committee Bay, while evaluating non-core holdings. Fury plans to allocate 70% of its capital to exploration and reduce corporate cash expenditures by transitioning its Toronto office to a virtual setup. Recent drilling at Eau Claire has achieved significant gold intercepts, with 32,000m drilled and results pending from 17 holes. Upcoming exploration activities include drilling at the high-grade Percival target.

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Fury Gold Mines Limited announced the resignation of Michael Timmins as President, CEO, and director, effective immediately. Tim Clark, a current director with 23 years of capital markets experience, has been appointed as the new CEO and director. The company is focused on aggressive gold exploration programs, with several high-priority assays pending. The board expressed gratitude towards Timmins for his service and emphasized that Clark's leadership will help realize full value for stakeholders.

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Fury Gold Mines Limited (FURY) announced promising results from eight core drill holes at its Eau Claire project in Quebec. Significant intercepts include 1.0 m of 12.81 g/t gold and 8.0 m of 1.18 g/t gold at the Hinge target. The company is focused on resource expansion drilling, with multiple zones of mineralization identified in recent holes. Ongoing drill programs at both Eau Claire and the Raven shear zone are expected to provide further results. Fury anticipates robust exploration activity in the second half of the year, which may enhance its gold resource significantly.

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Fury Gold Mines has initiated drilling at its Committee Bay project in Nunavut, controlling a 270,000-hectare area across a 300-kilometre greenstone belt. The 5,000-metre drill program aims to expand high-grade mineralization at the Raven prospect, previously showing intercepts of up to 31.1 g/t gold. Additional drilling targets include the Three Bluffs deposit, which contains an indicated resource of 524,000 oz at 7.85 g/t. The summer program focuses on exploring extensions of mineralization and advancing other high-priority targets.

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Fury Gold Mines Limited (FURY) announced the results of its Annual General & Special Meeting held on June 24, 2021. A total of 46,092,599 common shares, representing 39.08% of outstanding shares, participated in the vote. The number of directors was set at seven, all nominees were elected with over 98% approval, and Deloitte LLP was appointed as auditors with 99.11% votes in favor. A special resolution to amend the Articles of Incorporation was also approved by 98.78%.

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FAQ

What is the current stock price of Fury Gold Mines (FURY)?

The current stock price of Fury Gold Mines (FURY) is $0.3701 as of January 1, 2025.

What is the market cap of Fury Gold Mines (FURY)?

The market cap of Fury Gold Mines (FURY) is approximately 56.1M.

What are the main projects of Fury Gold Mines Limited?

Fury Gold Mines' main projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Where are Fury Gold Mines' exploration activities focused?

Fury Gold Mines focuses its exploration activities in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region, Nunavut.

What recent acquisition has Fury Gold Mines completed?

Fury Gold Mines recently completed the acquisition of Newmont Corporation's interest in the Eleonore South gold project and 30,392,372 shares of Sirios Resources Inc.

How much gold is estimated in the Eau Claire deposit?

The Eau Claire deposit has an estimated 1.16Moz gold in the Measured and Indicated category, and an additional 723koz gold in the Inferred category.

What financial moves has Fury Gold Mines made recently?

Fury Gold Mines secured C$4,005,750 through the sale of common shares of Dolly Varden Silver Corp, which will be used to fund ongoing exploration projects.

Who is the CEO of Fury Gold Mines Limited?

Tim Clark is the CEO of Fury Gold Mines Limited.

What is Fury Gold Mines’ approach to corporate governance?

Fury Gold Mines is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement, and sustainable mining.

How can I get more information about Fury Gold Mines?

For more information about Fury Gold Mines, you can visit their website at www.furygoldmines.com.

What are the latest exploration highlights for Fury Gold Mines?

Recent highlights include identifying a robust geochemical gold anomaly at Eleonore South and expanding the resource estimate at the Eau Claire deposit.

What regions in Canada does Fury Gold Mines operate?

Fury Gold Mines operates in James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region, Nunavut.
Fury Gold Mines Limited

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