Core Viewpoint - Fury Gold Mines Limited has announced an initial inferred mineral resource estimate for the La Pointe Extension target at its Sakami gold project, indicating significant potential for resource expansion and low discovery costs [1][3][4]. Summary by Sections Initial Mineral Resource Estimate - The initial mineral resource estimate (MRE) for the La Pointe Extension is 23.9 million tonnes grading 1.07 grams per tonne (g/t) gold, containing 825,000 ounces of gold [6][7]. - The resource is located near the surface, with all ounces projected to be within 400 meters of the surface [6]. Exploration Potential - There is considerable upside to expand beyond the existing in-pit resources, with an initial mineral exploration target ranging from 8.1 million tonnes to 14.7 million tonnes, grading between 1.57 g/t and 1.11 g/t gold [3][13]. - The current resource remains open in all directions, with immediate opportunities to expand to the northeast and southwest, as well as below the current open pit [11][19]. Discovery Cost and Project Development - The discovery cost for the La Pointe Extension is reported to be less than C$9 per ounce, which includes acquisition costs and drilling expenses [3]. - The summer 2025 drilling program confirmed the continuity and grades of historical drilling, leading to the release of the initial resource estimate [3][19]. Technical Details - The MRE was prepared by an independent geologist in accordance with Canadian standards, ensuring the credibility of the estimates [4][22]. - The estimates are based on a validated database that includes data from 54 surface diamond drill holes totaling 18,233.72 meters [7][21]. Project Overview - The Sakami project covers approximately 14,250 hectares and is strategically located in a region with established gold mineralization [18]. - The project is positioned along a structural corridor where gold mineralization has been identified over a distance of more than 23 kilometers [18].

Core Viewpoint - Fury Gold Mines Limited has announced positive assay results from its inaugural drill campaign at the Sakami gold project, indicating significant gold mineralization and potential for future resource estimation [1][4]. Drilling Results - The 2025 diamond drill program completed 3,685 meters in seven holes, with six holes targeting extensions at La Pointe Extension and one hole at Juliette [1][9]. - Drill hole 25SK-005 intercepted 26.0 meters of 0.71 grams per tonne (g/t) gold, including 6.5 meters of 1.76 g/t gold [2][7]. - Drill hole 25SK-007 intercepted 22.2 meters of 0.83 g/t gold, including 2.9 meters of 1.71 g/t gold and 1 meter of 8.62 g/t gold [7]. Geological Insights - Drilling confirmed that mineralization at La Pointe Extension is open at depth and along strike to the west, improving continuity within previously identified gold mineralization [3][11]. - The mineralization occurs along a regional scale suture zone with numerous undrilled gold occurrences along 23.5 kilometers of strike within the Sakami property [7][8]. Future Exploration Potential - The drilling program has laid a foundation for future work, including potential mineral resource estimation [4][11]. - Regional soil sampling identified six structurally controlled gold anomalies for potential follow-up work, indicating further exploration opportunities [12]. Project Overview - The Sakami project covers approximately 14,250 hectares and is located in a prospective structural corridor between the Opinaca and La Grande Geological sub-provinces [8]. - Historical drilling has shown gold mineralization across widths of up to 75 meters and depths of up to 500 meters below the surface [9].

Financial Performance - Net loss for the nine months ended September 30, 2025, was CAD 9,687,000, compared to CAD 6,881,000 for the same period in 2024, representing a 40.5% increase in losses[4] - For the three months ended September 30, 2025, Fury Gold reported a net loss of CAD 4,699,000, compared to a net loss of CAD 2,673,000 for the same period in 2024, representing an increase in loss of 75.5%[8] - The total comprehensive loss for the period was CAD 9,693,000, compared to CAD 6,883,000 in the prior year, indicating a 40.5% increase[4] - The company reported a basic and diluted loss per share of CAD 0.06 for the nine months ended September 30, 2025, compared to CAD 0.05 in 2024[4] - For the nine months ended September 30, 2025, the company's share of net loss of associates was $3,634, with Dolly Varden contributing $3,632 and UMS contributing $2[38] - The company incurred a comprehensive loss of $9,693,000 for the nine months ended September 30, 2025, compared to $6,883,000 for the same period in 2024, reflecting a 41% increase[85] Assets and Equity - Total assets increased to CAD 86,629,000 as of September 30, 2025, compared to CAD 85,112,000 at December 31, 2024, reflecting a growth of 1.8%[2] - Total equity rose to CAD 80,638,000 from CAD 78,203,000, reflecting a growth of 3.1%[2] - Mineral property interests increased to CAD 50,176,000 as of September 30, 2025, from CAD 45,200,000 at December 31, 2024, indicating an increase of 6.5%[2] - Accounts receivable increased significantly to CAD 314,000 from CAD 54,000, a rise of 481.5%[2] - The company's principal resource properties had a carrying amount of C$50,176 as of September 30, 2025, after accounting for impairments and additions[31] Cash Flow and Reserves - Cash reserves rose to CAD 6,127,000 from CAD 4,912,000, marking a 24.7% increase[2] - As of September 30, 2025, Fury Gold's cash balance was CAD 6,127,000, an increase from CAD 3,336,000 at the end of the same period in 2024[8] - Cash used in operating activities for the three months ended September 30, 2025, was CAD 5,503,000, compared to CAD 3,348,000 in the same period of 2024, reflecting a 64.2% increase[8] - The company's total cash used in operating activities for the nine months ended September 30, 2025, was CAD 12,567,000, compared to CAD 6,507,000 in 2024, marking a 93.2% increase[8] - The working capital surplus as of September 30, 2025, was $10,205,000, compared to $8,045,000 at December 31, 2024, indicating a 26.9% increase[85] Share Capital and Transactions - The company issued 8,394,045 shares in connection with the QPM Acquisition, contributing CAD 4,503,000 to share capital[6] - The total consideration for the QPM acquisition was C$5,482, which included C$750 in cash, C$4,533 in common shares, and C$199 in transaction costs[29] - The company closed a non-brokered private equity placement for gross proceeds of $4,306,000, consisting of 6,728,000 units at C$0.64 per unit[57] - The company raised $3,080 through the issuance of flow-through shares on June 19, 2025, to be used for mineral exploration activities[45] - The company issued 440,000 common shares at C$0.67 per share, generating gross proceeds of $295,000 as part of the June 2025 Offering[55] Investments and Interests - Fury Gold holds a 12.92% common share interest in Dolly Varden Silver Corporation and a 25% interest in Universal Mineral Services Limited[11] - The company recognized a net gain on investments of CAD 1,854,000 for the three months ended September 30, 2025, compared to a net gain of CAD 1,780,000 in the same period of 2024[8] - The fair market value of the Company's equity interest in Dolly Varden was C$78,733 as of September 30, 2025, up from C$58,920 a year earlier[36] - The carrying amount of the Company's investments in associates decreased from C$36,248 at December 31, 2023, to C$24,514 at September 30, 2025, primarily due to losses and disposals[36] Expenses and Costs - Operating expenses for the three months ended September 30, 2025, were CAD 5,524,000, up 69% from CAD 3,264,000 in the same period of 2024[4] - The company recognized total share-based compensation expense of $164,000 for the three months ended September 30, 2025, compared to $179,000 for the same period in 2024[58] - The total remuneration for key management personnel for the nine months ended September 30, 2025, was $1,421,000, a decrease of 3% from $1,469,000 in 2024[73] - The company recognized share-based compensation expense of $535,000 for the nine months ended September 30, 2025, down from $831,000 in the same period of 2024[58] Exploration and Evaluation - The company's exploration and evaluation costs for the three months ended September 30, 2025, totaled $4,295, with $1,824 in Quebec and $2,471 in Nunavut[48] - The company's exploration and evaluation costs for the nine months ended September 30, 2025, totaled $9,489, with $5,518 in Quebec and $3,971 in Nunavut[49] - The company has unspent funding of $47 related to a government grant for geometallurgical studies, requiring $94 in qualifying expenses to be incurred before March 31, 2026[42] - The company recognized a government grant income of $126 for the three months ended September 30, 2025, and $144 for the nine months ended September 30, 2025[50]

Core Insights - Fury Gold Mines Limited announced the results of its 2025 exploration drilling program at the Committee Bay project, indicating successful mineralization extension at the Three Bluffs and validation of the Raven Target [3][11] Drilling Program Overview - The 2025 drilling program included six diamond drill holes totaling approximately 2,778 meters, with four holes targeting the Three Bluffs Shear Zone and two holes testing the Raven Shear Zone [1][2] - The Three Bluffs Shear Zone intercepted gold mineralization across 315 meters of strike, with widths up to 19.5 meters, including 5.73 grams per tonne (g/t) gold over 3.0 meters [1][8] - The Raven Shear Zone returned historical drill intercepts of up to 12.60 g/t gold over 5.49 meters, with the 2025 drilling intercepting 4.59 g/t gold over 1.5 meters [2][11] Mineral Resource Estimates - The Three Bluffs Gold deposit is estimated to contain 524,000 ounces of gold in 2.1 million tonnes at 7.85 g/t in the indicated resource category and 720,000 ounces in 2.9 million tonnes at 7.64 g/t in the inferred resource category [6][7] Future Exploration Plans - The company plans to evaluate the results from the 2025 drilling to further expand known gold zones at Committee Bay and will utilize the findings to plan future work programs [3][9]

Core Viewpoint - Fury Gold Mines Limited (FURY) is currently outperforming the Basic Materials sector, with a year-to-date return of 59.2% compared to the sector average of 21.5% [4] Company Performance - Fury Gold Mines Limited holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past 90 days, the consensus estimate for FURY's full-year earnings has increased by 28.6%, reflecting improved analyst sentiment [3] - The stock has shown strong performance relative to its sector, but is slightly underperforming its specific industry, Mining - Gold, which has gained about 101.7% year-to-date [6] Industry Context - Fury Gold Mines Limited is part of the Mining - Gold industry, which includes 41 companies and currently ranks 24 in the Zacks Industry Rank [6] - Kinross Gold (KGC), another stock in the same industry, has significantly outperformed with a year-to-date increase of 148.9% and holds a Zacks Rank of 1 (Strong Buy) [5][6] - Investors are encouraged to monitor both Fury Gold Mines Limited and Kinross Gold for continued strong performance in the Basic Materials sector [7]

Core Viewpoint - Benz Mining Corp. has successfully acquired the remaining 25% interest in the Eastmain Gold Project and Ruby Hill Properties from Fury Gold Mines Limited, achieving a total 100% ownership in these assets [1][2]. Eastmain Gold Project - The first milestone payment of C$1,000,000 was made to Fury Gold, consisting of C$750,000 in cash and C$250,000 through the issuance of 171,142 common shares at a deemed price of C$1.46078 [2]. - The company has granted a 2% net smelter return (NSR) royalty to EMI, with an option to purchase half of this royalty for C$1,500,000, reducing it to a 1% NSR royalty [3]. - The Eastmain Gold Project is subject to pre-existing royalties, including a 2.3% NSR royalty and a 2% NSR royalty, ensuring that the total royalty burden does not exceed 2.5% [3]. Ruby Hill Properties - A final cash payment of C$100,000 was made to acquire the remaining 25% interest in the Ruby Hill East Properties, resulting in a total 100% ownership [4]. - An additional 1% NSR royalty was granted to Eastmain, with an option to purchase half of this royalty for C$500,000, reducing it to a 0.5% NSR royalty [4]. - Similar to the Eastmain Gold Project, the Ruby Hill Properties are also subject to a maximum royalty burden of 2.5% [5][6]. Transaction Details - The transactions under the Option Agreement were conducted at arm's length, with no finder's fees payable [7].

Core Viewpoint - Fury Gold Mines Limited has initiated a 10,000-metre drilling program at its Eau Claire Gold Project, aiming to enhance resource growth and mine planning [1][2]. Group 1: Eau Claire Gold Project - The drilling program is based on recommendations from a recent Preliminary Economic Assessment (PEA) and will focus on expanding resources along high-grade shoots, connecting current resources to the mineable portion, and identifying additional growth opportunities [7]. - Two drill rigs are currently operational at the Eau Claire site [1]. Group 2: Kipawa Rare Earths Project - Although the primary focus remains on precious metals, the company acknowledges the strategic importance of the Kipawa rare earths project and is encouraged by its potential [2]. - The Kipawa project, located 50 km east of Temiscaming, has historical Proven and Probable Reserves of 19.8 million tonnes grading 0.411% total rare earth oxides (TREO) [4]. - The company has established a new community council to engage with local and First Nation leadership, aiming to collaboratively advance the Kipawa project [3]. Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong management team and board, committed to high standards in corporate governance, environmental stewardship, and community engagement [10]. - The company holds an 11.3 million common share position in Dolly Varden Silver Corp, representing 12.9% of issued shares [10].

Core Points - Fury Gold Mines Limited has filed a technical report for the Eau Claire Gold Project, titled "Technical Report – Preliminary Economic Assessment of the Eau Claire Project," with an effective date of August 25, 2025 [1][2] - The report was prepared in accordance with National Instrument 43-101 standards and supports the disclosure made in a previous news release dated September 2, 2025 [2] - The report includes contributions from independent Qualified Persons, Mr. Maxime Dupéré and Ms. Sarah Dean, both from SGS Geological Services, who were responsible for various sections of the report [3][4] Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong financial position, operating in two prolific mining regions across Canada [6] - The company holds an 11.3 million common share position in Dolly Varden Silver Corp, representing 12.9% of issued shares [6] - The management team and board of directors have a proven track record in financing and advancing exploration assets, with a commitment to high standards in corporate governance, environmental stewardship, and sustainable mining practices [6]

Core Viewpoint - Fury Gold Mines Limited has successfully closed a brokered private placement, raising total gross proceeds of C$18,000,150 through the sale of flow-through units and shares, aimed at funding eligible Canadian exploration expenses [1][3]. Group 1: Offering Details - The Offering consisted of 9,915,000 Charity FT Units sold at C$1.21 each and 6,003,000 FT Shares sold at C$1.00 each [1]. - Each Charity FT Unit includes one flow-through share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one non-flow-through common share at a price of C$1.20 for 24 months [1]. - The Offering was conducted by a syndicate of agents led by Haywood Securities Inc. and included several other financial institutions [2]. Group 2: Use of Proceeds - The gross proceeds will be utilized for Canadian exploration expenses related to the Company's projects in Québec and Nunavut, specifically for the Eau Claire and Committee Bay projects [3]. - All qualifying expenditures will be renounced in favor of the purchasers by December 31, 2025 [3]. Group 3: Regulatory and Insider Participation - The Charity FT Units and FT Shares were sold under the listed issuer financing exemption, meaning they are not subject to resale restrictions under Canadian securities laws [4]. - An insider purchased 10,000 FT Shares, which is classified as a related party transaction, and the Company is relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 4: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong financial position and a significant shareholding in Dolly Varden Silver Corp [7]. - The management team has a proven track record in financing and advancing exploration assets, with a commitment to high standards in corporate governance and sustainable mining practices [7].

Group 1: Company Performance - American Lithium Corp. (AMLIF) has outperformed its peers in the Basic Materials sector with a year-to-date performance of approximately 43.2%, compared to the sector average gain of 21.7% [4] - The Zacks Rank for American Lithium Corp. is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past 90 days, the consensus estimate for AMLIF's full-year earnings has increased by 75%, reflecting improved analyst sentiment [3] Group 2: Industry Context - American Lithium Corp. is part of the Mining - Miscellaneous industry, which includes 63 companies and currently ranks 154 in the Zacks Industry Rank [5] - The average gain for the Mining - Miscellaneous industry so far this year is 27.2%, indicating that AMLIF is performing better than the industry average [5] - In contrast, another stock in the Basic Materials sector, Fury Gold Mines Limited, has a year-to-date return of 71% and belongs to the Mining - Gold industry, which has gained 113.8% since the beginning of the year [4][6]