FURY News & Events

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.

Fury Gold Mines has commenced additional metallurgical testwork, to advance the company's 100% held Eau Claire gold project further towards feasibility. Fury has engaged SGS Canada to conduct a comprehensive metallurgical testwork program in support of Eau Claire feasibility work following on previous testwork referred to in the Project's Preliminary Economic Assessment. The program will support feasibility and development planning for the Project, located in the Eeyou-Istchee/James Bay region of Quebec. The program, which will have an approximate duration of three months, is being carried out to better understand the characteristics of the ore, which will allow Fury the option to build a mill or have the ore toll milled. Results will also provide a strong foundation for developing a complete process flowsheet supported by detailed design criteria, enabling completion of mass and water balances as well as equipment sizing required for process plant layout and design.

Fury Gold Mines announced initial results from the Phase 1 13,000-metre exploration drill program at the Eau Claire Gold project, located in the Eeyou Istchee Territory in Northern Quebec. Phase 1 drilling was focused on expanding resources along high-grade shoots and adding continuity to the existing resource outside of the preliminary economic assessment identified stopes. A total of 21 holes - approximately 12,700m - has been completed, with results received for only 5,550m. Seven holes returned significant results. The highlight was drill hole 26EC-099, which intercepted 11.74 g/t gold over 6.63 m approximately 40m down plunge from previous drilling. A second hole outside of the existing resource envelope has just been completed and results are pending. A Phase 2 Eau Claire drill campaign, focused on converting inferred portions of the resource and extensions to the indicated resource category, is now underway. The Phase 2 program is expected to continue through the spring and summer of 2026.