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 reports exploration and project-development developments for a Canadian gold portfolio centered on high-grade assets in Quebec and Nunavut. Recurring updates focus on the 100%-held Eau Claire gold project in the Eeyou Istchee Territory of the James Bay Region, including drilling, resource continuity, technical studies, environmental baseline work and mine-permitting preparation.
Fury news also covers activity at the Sakami, Committee Bay, Éléonore South and other exploration assets, along with mineral resource estimates, portfolio expansion in Quebec, financing activity, equity investments and board or management changes tied to advancing mineral projects.
Fury Gold Mines Limited announced the completion of a buy-out to acquire the remaining 23.77% interest of Azimut Exploration in the Éléonore South Joint Venture (ESJV) with Newmont Corporation. Post-transaction, Fury holds 50.022% and Newmont 49.978%. The cost for this added interest was C$1,202,663. Additionally, Fury has identified nine gold targets through an infill till sampling program at the ESJV project, with potential high-grade and bulk tonnage gold styles, aiming to advance to drilling stage next year.
Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced promising results from seven core drill holes at the Eau Claire project in Quebec. The 2022 exploration drilling program showed potential for significant deposit expansion at the Hinge Target. Notable intercepts include 3.50m of 4.79 g/t gold and 1.00m of 20.6 g/t gold from drill hole 22EC-048. The company anticipates a 20% increase in the mineralized strike length. Ongoing drilling will test additional targets, revealing strong mineralization and an optimistic outlook for resource growth.
Fury Gold Mines Limited (NYSE American: FURY) announced the results of its Annual General Meeting held on June 29, 2022. A total of 50,107,942 common shares, representing 35.93% of outstanding shares, were present. All director nominees were elected, receiving strong votes: Forrester A. Clark with 99.80%, Jeffrey R. Mason 99.78%, and Steve Cook 99.77%. Additionally, Deloitte LLP was appointed as the company's auditor with 99.96% votes in favor. The voting results are available on SEDAR.
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.
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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.