Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines Limited has mobilized a second drill to the Eau Claire project in Quebec's Eeyou Istchee Territory, aiming to extend higher-grade gold mineralization at the Percival Prospect. This drilling program will cover approximately 6,500 metres and follows significant advancements in targeting due to recent geophysical and biogeochemical surveys. Historical drill results indicate promising gold grades, with ongoing work expected to enhance overall ounces at the Eau Claire project. Drill results are anticipated in July 2022.

Fury Gold Mines Limited has filed its management information proxy circular for the upcoming annual general shareholders meeting scheduled for June 29, 2022. The circular outlines the company’s governance, performance, and compensation policies, proposing the re-election of five directors and reappointment of auditors. Notably, Chair Ivan Bebek will retire from the Board but will remain in an advisory role. CEO Tim Clark emphasized the company's strong position for growth under Bebek's leadership. Fury continues to focus on exploration in Canada’s key mining regions.

Fury Gold Mines Limited has successfully closed a private placement, issuing 13.75 million common shares at a price of $0.80, raising C$11.0 million. The funds will be allocated for exploration at the Eau Claire project in Quebec and for general working capital. CEO Tim Clark expressed confidence in the company’s financial position and upcoming exploration activities. All issued shares are subject to a four-month hold period as per securities laws. The shares will not be registered under the U.S. Securities Act, and this announcement does not constitute an offer to buy or sell securities.

Fury Gold Mines Limited has announced a private placement agreement for 13.75 million common shares at a price of $0.80 per share, raising CAD $11.0 million. Proceeds will fund ongoing exploration at the Eau Claire project in Quebec and support general working capital. The transaction is subject to exchange approval and is expected to close within three business days. The shares issued will be restricted under U.S. Securities regulations. This move underscores Fury's commitment to advancing its gold exploration initiatives.

Fury Gold Mines Limited (FURY) has launched its 2022 exploration drilling at the Eau Claire project in Quebec. The program aims to expand the high-grade gold deposit, targeting approximately 15,000 metres of drilling. The focus will be on extending resources along the southeast margin and following up on the Percival discovery. The current resource is 204,000 ounces at 11.81g/t gold. CEO Tim Clark expressed optimism due to past technical advancements. The initiative seeks to connect isolated resource blocks and test new areas for potential resource upgrades.

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.