Fury Gold Mines Limited Stock Price, News & Analysis

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.

Fury Gold Mines (TSX, NYSE: FURY) has announced a private placement offering to raise C$2.5 million through the issuance of up to 3,246,753 flow-through common shares at C$0.77 per share. The offering is targeted at accredited and institutional investors in Canada. The proceeds will be used for eligible Canadian exploration expenses at the company's projects in Québec and Nunavut, qualifying as flow-through mining expenditures. The company plans to renounce these expenses by December 31, 2025, and complete the expenditures by December 31, 2026. The offering is expected to close around June 19, 2025, subject to regulatory approvals. While not brokered, Fury may pay finder's fees up to 6%. The shares will have a four-month statutory hold period and are not registered for sale in the United States.

Fury Gold Mines Limited (TSX and NYSE American: FURY) has announced the filing and distribution of its management information circular for the upcoming annual shareholders meeting. The virtual meeting is scheduled for June 26, 2025, at 11:00 a.m. Toronto time. The circular contains information about director elections, auditor appointments, and voting procedures. The Board of Directors unanimously recommends shareholders vote in favor of all resolutions. In case of potential Canada Post labor disruption, proxy materials are accessible electronically on Fury's website. Shareholders requiring assistance with voting can contact Laurel Hill Advisory Group, the company's proxy solicitation agent.

Fury Gold Mines (FURY) has announced its 2025 exploration plans for the Committee Bay project in Nunavut, Canada. The program, starting in July 2025, will include 7-10 diamond drill holes totaling 5,000 meters. The drilling campaign focuses on three main targets: the Three Bluffs Shear Zone expansion, where previous drilling yielded high-grade gold mineralization including 10.0m of 13.93 g/t gold; the Raven shear zone's southern contact, with samples up to 32.90 g/t gold; and the Burro West target's newly identified gold anomaly. The Committee Bay project spans 300km of greenstone belt and covers 250,000 hectares, including the Three Bluffs Gold deposit with indicated resources of 524,000 oz at 7.85 g/t gold and inferred resources of 720,000 oz at 7.64 g/t gold. This exploration follows a recent strategic investment by Agnico Eagle.

Fury Gold Mines has finalized six drill targets at the Éléonore South gold project in Quebec after completing a surficial geochemical survey. The targets, spanning over 3 kilometers of folded sedimentary stratigraphy, show gold anomalies above the 90th percentile with notable arsenic correlation, similar to Newmont's Éléonore Mine mineralization. The Company plans a fully funded 3,000-5,000 metre diamond drilling program in Q1 2025.

The project is strategically located near Newmont's Éléonore Mine and Sirios' Cheechoo Deposit. The survey collected 2,106 biogeochemical samples at 50m intervals across a 4.2 x 1.9 km area, targeting an interpreted fold nose within the Low Formation sediments.

Fury Gold Mines has completed its 2024 exploration program at Committee Bay in Nunavut, Canada, identifying three drill-ready targets. The program covered a 300km greenstone belt containing the Three Bluffs Gold Resource and various prospects. Key findings include:

- Three Bluffs Shear: Previous drilling yielded 13.93 g/t Au over 10 metres
- Raven Shear: 7 rock samples averaged 16.12 g/t gold
- Burro West: Defined 300x300m gold anomaly with peak value of 50 ppb gold

The exploration collected 546 infill till samples and 69 rock samples across five targets. The Three Bluffs deposit currently hosts 524,000 oz at 7.85 g/t gold (indicated) and 720,000 oz at 7.64 g/t gold (inferred).