Fury Gold Announces Final Metallurgical Test Results for Ninaaskumuwin Lithium Discovery
Fury Gold Mines announced the final metallurgical test results on its Ninaaskumuwin lithium discovery located on the Elmer East project, in the Eeyou Istchee James Bay Territory of Northern Quebec. The objective of the metallurgical test work was to characterize the mineralogy and metallurgical properties of the spodumene-bearing pegmatite intercepted in drilling. Analyzed 85 samples contain up to 42% spodumene; sample grades range from 0.02% to 3.71% Li2O and from 0.36% to 6.30% Fe2O; spodumene is the only identified lithiferous mineral and the intercepted pegmatite is free of impurities, suggesting the potential for producing lithium concentrates suitable for manufacturing lithium carbonate and lithium hydroxide for batteries; and tests carried out demonstrated the feasibility of producing a Direct Shipping Ore concentrate grading 6.024% Li2O while recovering 76.66% of the lithium in 22.97% of the mass, through a single Dense Media Separation step applied to the coarsest crushed feed. The Ninaaskumuwin lithium prospect is located on Fury's 100% owned Elmer East project, which covers approximately 45,700 hectares.
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Fury Gold Mines Releases Eau Claire Project Drilling Results
- Drilling Progress: Fury Gold has completed 12,700 meters in Phase 1 drilling at the Eau Claire project, with all results now collected, indicating strong mineralization continuity that is expected to enhance the economic assessment potential of the resources.
- Significant Findings: The last two drill holes (26EC-102 and 26EC-103) returned gold grades of 13.83 g/t over 1.97 meters and 7.86 g/t over 9.43 meters, confirming mineralization continuity and potentially enhancing resource classification.
- Phase 2 Drilling: The ongoing Phase 2 drilling program, targeting 15,000 to 25,000 meters, has completed approximately 7,100 meters, aiming to convert inferred resources into higher-confidence categories, which is expected to further increase the project's value.
- Future Outlook: Fury Gold plans to continue the Phase 2 drilling through summer 2026, with ongoing results anticipated to support resource conversion and future economic evaluations, thereby enhancing shareholder value.
HC Wainwright & Co. Affirms Buy Rating for Fury Gold Mines, Keeps $1.4 Price Target Intact
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Fury Launches 10,000-Metre Drilling Initiative at Eau Claire and Updates on Kipawa Rare Earths Project
Drilling Program Announcement: Fury Gold Mines has initiated a 10,000-metre fall/winter drilling program at its Eau Claire Gold Project in Quebec, focusing on resource growth and enhancing the mine plan, with two drill rigs currently active on site.
Kipawa Rare Earths Project Update: The company is also engaging with local communities regarding the Kipawa rare earths project, which has historical reserves of 19.8 million tonnes of rare earth oxides, aiming to establish a community council for collaborative development.
Management's Commitment: CEO Tim Clark expressed excitement about advancing the Eau Claire project towards development and emphasized the importance of working with First Nations and local communities for the Kipawa project.
Forward-Looking Statements: The release includes forward-looking statements regarding future exploration operations, highlighting the inherent risks associated with mineral exploration and the need for caution in relying on such projections.
Fury Unveils Increased C$18 Million Brokered Financing Deal
Private Placement Financing Announcement: Fury Gold Mines Limited has amended its private placement financing agreement to increase the offering size to up to 9,915,000 Charity FT Units and 6,003,000 Traditional FT Shares, aiming for total gross proceeds of up to C$18,000,150.
Use of Proceeds: The funds raised will be allocated to Canadian exploration expenses related to the company's Eau Claire and Committee Bay projects, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025.
Offering Details: The offering is set to close around October 10, 2025, subject to regulatory approvals, and will not be available to U.S. investors due to registration restrictions under U.S. securities laws.
Company Overview: Fury Gold Mines is a Canadian-focused exploration company with a strong management team, committed to sustainable mining practices and aiming to expand its gold platform through rigorous exploration efforts.
Fury Unveils Brokered Financing of Up to C$12 Million
Offering Announcement: Fury Gold Mines Limited has entered an agreement with Haywood Securities Inc. to sell Charity FT Units and Traditional FT Shares, aiming to raise up to C$12 million for exploration expenses related to its Eau Claire and Committee Bay projects.
Details of the Offering: The Charity FT Units will be priced at C$1.21 and the Traditional FT Shares at C$1.00, with an over-allotment option for agents to sell an additional 15% of the total offering.
Use of Proceeds: The funds raised will be used for "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under Canadian tax law, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025.
Regulatory Compliance: The offering will be conducted under the listed issuer financing exemption in Canada, excluding Québec, and the securities will not be registered under U.S. laws, thus cannot be sold in the United States.
Fury Discovers 59 Meters of 1.59 g/t Gold and 1.5 Meters of 546 g/t Silver at Quebec's Sakami Gold Project
Drill Campaign Results: Fury Gold Mines Limited announced positive results from its inaugural drill campaign at the Sakami gold project in Quebec, completing 3,685 meters across seven holes, with significant gold intercepts including 59 meters of 1.59 g/t gold from drill hole 25SK-003.
Mineralization Insights: The drilling revealed that gold mineralization remains open to the west, with a structurally controlled and consistent mineralization pattern, including high-grade silver zones, indicating a robust mineralized system with potential for further discovery.
Fury Gold Mines Releases Eau Claire Project Drilling Results
- Drilling Progress: Fury Gold has completed 12,700 meters in Phase 1 drilling at the Eau Claire project, with all results now collected, indicating strong mineralization continuity that is expected to enhance the economic assessment potential of the resources.
- Significant Findings: The last two drill holes (26EC-102 and 26EC-103) returned gold grades of 13.83 g/t over 1.97 meters and 7.86 g/t over 9.43 meters, confirming mineralization continuity and potentially enhancing resource classification.
- Phase 2 Drilling: The ongoing Phase 2 drilling program, targeting 15,000 to 25,000 meters, has completed approximately 7,100 meters, aiming to convert inferred resources into higher-confidence categories, which is expected to further increase the project's value.
- Future Outlook: Fury Gold plans to continue the Phase 2 drilling through summer 2026, with ongoing results anticipated to support resource conversion and future economic evaluations, thereby enhancing shareholder value.
HC Wainwright & Co. Affirms Buy Rating for Fury Gold Mines, Keeps $1.4 Price Target Intact
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, fostering a collaborative environment for sharing market intelligence.
Market Winning Tools: Benzinga Pro equips traders with tools and information designed to improve their chances of success in the markets.
Fury Launches 10,000-Metre Drilling Initiative at Eau Claire and Updates on Kipawa Rare Earths Project
Drilling Program Announcement: Fury Gold Mines has initiated a 10,000-metre fall/winter drilling program at its Eau Claire Gold Project in Quebec, focusing on resource growth and enhancing the mine plan, with two drill rigs currently active on site.
Kipawa Rare Earths Project Update: The company is also engaging with local communities regarding the Kipawa rare earths project, which has historical reserves of 19.8 million tonnes of rare earth oxides, aiming to establish a community council for collaborative development.
Management's Commitment: CEO Tim Clark expressed excitement about advancing the Eau Claire project towards development and emphasized the importance of working with First Nations and local communities for the Kipawa project.
Forward-Looking Statements: The release includes forward-looking statements regarding future exploration operations, highlighting the inherent risks associated with mineral exploration and the need for caution in relying on such projections.
Fury Unveils Increased C$18 Million Brokered Financing Deal
Private Placement Financing Announcement: Fury Gold Mines Limited has amended its private placement financing agreement to increase the offering size to up to 9,915,000 Charity FT Units and 6,003,000 Traditional FT Shares, aiming for total gross proceeds of up to C$18,000,150.
Use of Proceeds: The funds raised will be allocated to Canadian exploration expenses related to the company's Eau Claire and Committee Bay projects, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025.
Offering Details: The offering is set to close around October 10, 2025, subject to regulatory approvals, and will not be available to U.S. investors due to registration restrictions under U.S. securities laws.
Company Overview: Fury Gold Mines is a Canadian-focused exploration company with a strong management team, committed to sustainable mining practices and aiming to expand its gold platform through rigorous exploration efforts.
Fury Unveils Brokered Financing of Up to C$12 Million
Offering Announcement: Fury Gold Mines Limited has entered an agreement with Haywood Securities Inc. to sell Charity FT Units and Traditional FT Shares, aiming to raise up to C$12 million for exploration expenses related to its Eau Claire and Committee Bay projects.
Details of the Offering: The Charity FT Units will be priced at C$1.21 and the Traditional FT Shares at C$1.00, with an over-allotment option for agents to sell an additional 15% of the total offering.
Use of Proceeds: The funds raised will be used for "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under Canadian tax law, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025.
Regulatory Compliance: The offering will be conducted under the listed issuer financing exemption in Canada, excluding Québec, and the securities will not be registered under U.S. laws, thus cannot be sold in the United States.
Fury Discovers 59 Meters of 1.59 g/t Gold and 1.5 Meters of 546 g/t Silver at Quebec's Sakami Gold Project
Drill Campaign Results: Fury Gold Mines Limited announced positive results from its inaugural drill campaign at the Sakami gold project in Quebec, completing 3,685 meters across seven holes, with significant gold intercepts including 59 meters of 1.59 g/t gold from drill hole 25SK-003.
Mineralization Insights: The drilling revealed that gold mineralization remains open to the west, with a structurally controlled and consistent mineralization pattern, including high-grade silver zones, indicating a robust mineralized system with potential for further discovery.
