Fury Gold Mines Completes Acquisition of Quebec Precious Metals Corporation
Fury Gold Mines has successfully completed its acquisition of Quebec Precious Metals (QPM) through a court-approved arrangement. Under the deal terms, QPM shareholders received 0.0741 Fury shares for each QPM share, resulting in Fury issuing 8,394,137 new shares.
The transaction significantly expands Fury's presence in the Eeyou Istchee James Bay territory, doubling its footprint to over 157,000 hectares in Quebec. Key acquired assets include the Sakami, Elmer East, and Kipawa projects.
The merger aims to create operational synergies, combining QPM's exploration assets with Fury's financial strength and management expertise. QPM shares will be delisted from both TSX Venture Exchange and Frankfurt Stock Exchange by April 30, 2025. The deal strengthens Fury's portfolio in both gold and critical minerals exploration, positioning the company for enhanced growth potential in the Quebec mining sector.
Fury Gold Mines ha completato con successo l'acquisizione di Quebec Precious Metals (QPM) tramite un accordo approvato dal tribunale. Secondo i termini dell'accordo, gli azionisti di QPM hanno ricevuto 0,0741 azioni Fury per ogni azione QPM, portando all'emissione da parte di Fury di 8.394.137 nuove azioni.
La transazione amplia significativamente la presenza di Fury nel territorio di Eeyou Istchee James Bay, raddoppiando la sua estensione a oltre 157.000 ettari in Quebec. Tra gli asset acquisiti principali figurano i progetti Sakami, Elmer East e Kipawa.
La fusione mira a creare sinergie operative, unendo le attività esplorative di QPM con la solidità finanziaria e l'esperienza gestionale di Fury. Le azioni QPM saranno ritirate dalla quotazione sia alla TSX Venture Exchange sia alla Borsa di Francoforte entro il 30 aprile 2025. L'accordo rafforza il portafoglio di Fury nell'esplorazione di oro e minerali critici, posizionando l'azienda per un maggiore potenziale di crescita nel settore minerario del Quebec.
Fury Gold Mines ha completado con éxito la adquisición de Quebec Precious Metals (QPM) mediante un acuerdo aprobado por la corte. Según los términos del acuerdo, los accionistas de QPM recibieron 0,0741 acciones de Fury por cada acción de QPM, lo que resultó en la emisión de 8.394.137 nuevas acciones por parte de Fury.
La transacción amplía significativamente la presencia de Fury en el territorio de Eeyou Istchee James Bay, duplicando su extensión a más de 157.000 hectáreas en Quebec. Los activos clave adquiridos incluyen los proyectos Sakami, Elmer East y Kipawa.
La fusión busca crear sinergias operativas, combinando los activos de exploración de QPM con la fortaleza financiera y la experiencia en gestión de Fury. Las acciones de QPM serán retiradas de cotización tanto en la TSX Venture Exchange como en la Bolsa de Frankfurt antes del 30 de abril de 2025. El acuerdo fortalece el portafolio de Fury en la exploración de oro y minerales críticos, posicionando a la compañía para un mayor potencial de crecimiento en el sector minero de Quebec.
퓨리 골드 마인즈(Fury Gold Mines)가 법원 승인 절차를 통해 퀘벡 프레셔스 메탈스(QPM, Quebec Precious Metals) 인수를 성공적으로 완료했습니다. 계약 조건에 따라 QPM 주주들은 QPM 주식 1주당 0.0741 퓨리 주식을 받았으며, 이에 따라 퓨리는 8,394,137주의 신주를 발행했습니다.
이번 거래로 퓨리는 Eeyou Istchee James Bay 지역 내 입지를 크게 확장하여 퀘벡 내 보유 면적을 157,000헥타르 이상으로 두 배 늘렸습니다. 주요 인수 자산으로는 사카미(Sakami), 엘머 이스트(Elmer East), 키파와(Kipawa) 프로젝트가 포함됩니다.
이번 합병은 QPM의 탐사 자산과 퓨리의 재무력 및 경영 전문성을 결합해 운영 시너지를 창출하는 것을 목표로 합니다. QPM 주식은 2025년 4월 30일까지 TSX 벤처 거래소와 프랑크푸르트 증권거래소에서 상장 폐지될 예정입니다. 이번 거래는 퓨리의 금과 핵심 광물 탐사 포트폴리오를 강화해 퀘벡 광산 부문에서의 성장 잠재력을 높여줍니다.
Fury Gold Mines a finalisé avec succès l'acquisition de Quebec Precious Metals (QPM) via un arrangement approuvé par le tribunal. Selon les termes de l'accord, les actionnaires de QPM ont reçu 0,0741 action Fury pour chaque action QPM, ce qui a conduit Fury à émettre 8 394 137 nouvelles actions.
Cette transaction élargit considérablement la présence de Fury sur le territoire d'Eeyou Istchee James Bay, doublant sa superficie à plus de 157 000 hectares au Québec. Les principaux actifs acquis comprennent les projets Sakami, Elmer East et Kipawa.
La fusion vise à créer des synergies opérationnelles en combinant les actifs d'exploration de QPM avec la solidité financière et l'expertise en gestion de Fury. Les actions QPM seront radiées des bourses TSX Venture Exchange et de Francfort d'ici le 30 avril 2025. Cet accord renforce le portefeuille de Fury dans l'exploration de l'or et des minéraux critiques, positionnant l'entreprise pour un potentiel de croissance accru dans le secteur minier québécois.
Fury Gold Mines hat die Übernahme von Quebec Precious Metals (QPM) erfolgreich abgeschlossen, die durch eine gerichtlich genehmigte Vereinbarung ermöglicht wurde. Gemäß den Vertragsbedingungen erhielten QPM-Aktionäre für jede QPM-Aktie 0,0741 Fury-Aktien, wodurch Fury 8.394.137 neue Aktien ausgab.
Die Transaktion erweitert Furys Präsenz im Gebiet Eeyou Istchee James Bay erheblich und verdoppelt die Fläche auf über 157.000 Hektar in Quebec. Zu den wichtigsten erworbenen Vermögenswerten gehören die Projekte Sakami, Elmer East und Kipawa.
Die Fusion zielt darauf ab, operative Synergien zu schaffen, indem die Explorationsanlagen von QPM mit der finanziellen Stärke und dem Management-Know-how von Fury kombiniert werden. Die QPM-Aktien werden bis zum 30. April 2025 sowohl von der TSX Venture Exchange als auch von der Frankfurter Börse delistet. Der Deal stärkt Furys Portfolio in der Gold- und kritischen Mineralienexploration und positioniert das Unternehmen für ein verbessertes Wachstumspotenzial im Bergbausektor von Quebec.
- Acquisition doubles Fury's footprint in Eeyou Istchee James Bay territory, expanding to 157,000 hectares
- Strategic expansion into both gold and critical minerals exploration assets
- Addition of three new projects: Sakami, Elmer East, and Kipawa
- Cost synergies expected through consolidated management and operations
- Strengthened exploration portfolio in Quebec's mining-friendly jurisdiction
- Share dilution for existing Fury shareholders with issuance of 8,394,137 new shares
- Additional dilution potential from converted QPM options and warrants
- No immediate revenue generation as all assets are in exploration stage
MONTREAL, QC AND TORONTO, ON / ACCESS Newswire / April 28, 2025 / FURY GOLD MINES LIMITED (TSX:FURY)(NYSE American:FURY) ("Fury") is pleased to announce the successful completion of its previously announced transaction with Québec Precious Metals Corporation ("QPM"), previously announced on February 26, 2025, whereby Fury acquired all of the issued and outstanding common shares of QPM (the "QPM Shares") pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Arrangement").
Pursuant to the Arrangement, former shareholders of QPM received 0.0741 of a common share of Fury (each whole common share of Fury, a "Fury Share") for each QPM Share held (the "Exchange Ratio"). As a result of the Arrangement, Fury issued an aggregate of 8,394,137 Fury Shares as of the completion of the Arrangement. In addition, options and warrants of QPM that were outstanding as at the time of completion of the Arrangement are now exercisable for Fury Shares on substantially the same terms and conditions, with the number of Fury Shares issuable on exercise and the exercise price adjusted in accordance with the Exchange Ratio.
Transaction Highlights:
Deliver increased scale and enhanced diversification with the addition of several prospective gold and critical minerals exploration assets located in Quebec.
Provide synergy and cost savings with Fury's board and management team with a track record of capital raising, discovery, exploration success, and community engagement leading the combined company.
With the completion of the acquisition of QPM, Fury now owns a gold and critical mineral exploration portfolio totaling over 157,000 hectares in Québec. The properties acquired by Fury pursuant to the Arrangement include the Sakami project, the Elmer East project, and the Kipawa project. For further details with respect the projects of QPM, refer to the news release dated February 26, 2025.
Tim Clark, CEO of Fury commented: "We are pleased to officially complete this transformative transaction, which doubles Fury's footprint in the Eeyou Istchee James Bay territory. The integration of QPM's high-potential gold and critical minerals assets with Fury's existing portfolio and strong financial position creates a more robust platform for exploration and growth. We believe the combined strengths of our teams and resources will drive greater operational efficiency and unlock long-term value for shareholders."
Normand Champigny, CEO and Director of QPM, commented: "Completing this transaction with Fury marks an exciting new chapter for QPM's shareholders. With access to Fury's strong leadership, financial resources, and permitting expertise, we are confident in the enhanced ability to accelerate exploration efforts at Sakami and beyond. This combination validates the work accomplished to date and positions the assets for meaningful advancement, offering significant upside potential in today's supportive gold market."
Trading of the QPM Shares on the TSX Venture Exchange (the "TSXV") has been halted and will remain halted until the QPM Shares have been delisted from the TSXV, which is expected to be on or approximately by April 30, 2025. The QPM Shares will also be delisted from the Frankfurt Stock Exchange. Following the delisting, QPM intends to submit an application to the applicable securities regulators in Canada to cease to be a reporting issuer.
In connection with the Arrangement, Fury will file a report on its SEDAR+ profile at www.sedarplus.ca pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Margaux Villalpando, Investor Relations of Fury at (844) 601-0841.
McMillan LLP is acting as Canadian legal advisor to Fury and BCF Business Law is acting as Canadian legal counsel to QPM in connection with the Arrangement.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a Canadian-focused exploration company positioned in two prolific mining regions across the country and holds an approximate 12.8 million common share position in Dolly Varden Silver Corp. (approximately
About Quebec Precious Metals Corporation
QPM has a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Dhilmar Ltd's Éléonore gold mine (formerly owned by Newmont Corporation). QPM focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, QPM holds a
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando, Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com
For more information about QPM, please contact:
Normand Champigny, Chief Executive Officer
Tel.: (514) 979-4746
Email: nchampigny@qpmcorp.ca
Cautionary Statements
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events. These particularly pertain to statements with respect to remarks with respect to the potential of the combined companies and recently acquired properties and QPM obtaining the necessary approvals and delisting from the TSXV and the Frankfurt Stock Exchange and to cease to be a reporting issuer in Canada.
Fury and QPM have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information including but not limited to those arising from general economic conditions; adverse industry events; volatility in commodity prices; future legislative and regulatory developments; and other risks described in our recent securities filings available at www.sedarplus.ca.
There may also be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place heavy reliance on forward-looking information. Neither Fury nor QPM undertake to update any forward-looking information except in accordance with applicable securities laws.
No regulatory authority has approved the contents of this news release.
SOURCE: Quebec Precious Metals Corporation
View the original press release on ACCESS Newswire
FAQ
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What key properties did Fury Gold Mines acquire from Quebec Precious Metals?
When will Quebec Precious Metals shares stop trading after Fury Gold (CJCFF) acquisition?
What are the main benefits of Fury Gold Mines' acquisition of QPM?
