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 (FURY) generates frequent news flow as it advances a portfolio of exploration-stage gold, lithium and rare earth projects across Canada. Company news releases, many of which are furnished to the SEC on Form 6-K, cover technical results, economic studies, financings and portfolio developments at key assets such as the Eau Claire gold project in Quebec, the Committee Bay project in Nunavut, the Sakami gold project in Northern Quebec, the Elmer East lithium discovery and the Kipawa rare earths project.
Investors following FURY news can expect detailed updates on drilling campaigns, including assay results, mineralization continuity and step-out successes at targets like La Pointe Extension and Juliette at Sakami, the Three Bluffs deposit and Raven prospect at Committee Bay, and the Ninaaskumuwin lithium-bearing pegmatite at Elmer East. The company also reports on mineral resource estimates and technical milestones, such as the initial inferred mineral resource estimate for Sakami and the mineral resource estimate and Preliminary Economic Assessment for Eau Claire.
Corporate and capital markets announcements are another important news category. Fury’s releases describe equity financings, including brokered flow-through financings and private placements, as well as its equity position in Dolly Varden Silver Corp. Regulatory and technical updates, such as the filing of NI 43-101 technical reports and the addition of qualified persons as co-authors, are also disclosed through news and accompanying Form 6-K filings.
This news page aggregates these disclosures so readers can review Fury’s exploration results, project evaluations, financing activities and regulatory filings in one place. For those tracking the progress of Canadian gold exploration, emerging lithium prospects and rare earth initiatives, FURY news provides ongoing insight into how the company is advancing its portfolio.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.