Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Fury Gold Mines Limited (FURY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Fury Gold Mines Limited is a member of our Basic Materials group, which includes 240 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector R ...

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].

VANCOUVER, British Columbia, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce that the Company has filed a technical report for the Eau Claire Gold Project (“Eau Claire” or “Project”), titled “Technical Report – Preliminary Economic Assessment of the Eau Claire Project, Eeyou Istchee James Bay Region of Quebec, Canada” (“2025 Eau Claire Technical Report” or the “Report”), with an effective date of August 25, 2025. The ...

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].

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has American Lithium Corp. (AMLIF) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.American Lithium Corp. is a member of our Basic Materials group, which includes 236 different companies and currently sits at #14 in the Zacks Sector Rank. ...

Core Viewpoint - Fury Gold Mines Limited has announced an increase in the size of its private placement financing, aiming to raise up to C$18,000,150 through the sale of Charity FT Units and Traditional FT Shares [1][5]. Group 1: Offering Details - The Offering includes up to 9,915,000 Charity FT Units priced at C$1.21 each and up to 6,003,000 Traditional FT Shares priced at C$1.00 each [1]. - Each Charity FT Unit consists of one Charity FT Share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one Share at an exercise price of C$1.20 for 24 months [2]. - The Offering is scheduled to close on or about October 10, 2025, subject to customary closing conditions and necessary approvals [6]. Group 2: Use of Proceeds - The gross proceeds from the Offering will be utilized for Canadian exploration expenses that qualify as flow-through mining expenditures, specifically for the exploration of the Eau Claire and Committee Bay projects [5]. Group 3: Regulatory and Compliance Information - The Charity FT Units and Traditional FT Shares will be offered under the listed issuer financing exemption, which means they will not be subject to resale restrictions in most provinces of Canada [3]. - The securities offered have not been registered under U.S. securities laws and cannot be sold in the United States without proper registration or exemption [7]. Group 4: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong financial position and a commitment to high industry standards in governance, environmental stewardship, and sustainable mining practices [8].

Core Viewpoint - Fury Gold Mines Limited has announced an agreement with Haywood Securities Inc. to sell Charity FT Units and Traditional FT Shares, aiming to raise up to C$12,000,000 for exploration expenses [1][6]. Group 1: Offering Details - The Offering includes Charity FT Units priced at C$1.21 and Traditional FT Shares priced at C$1.00 [1]. - Each Charity FT Unit consists of one Charity FT Share and one-half of a Warrant, with the Warrant allowing the purchase of one Share at C$1.20 for 24 months [2]. - An over-allotment option allows the Agents to sell an additional 15% of the total units and shares issued in the Offering [3]. Group 2: Regulatory and Financial Information - The Offering will utilize the LIFE Exemption under Canadian securities laws, allowing for no resale restrictions [4]. - Proceeds will be allocated to "Canadian exploration expenses" qualifying as "flow-through mining expenditures" by December 31, 2026 [6]. - The Offering is expected to close around October 10, 2025, pending necessary approvals [7]. Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant shareholding in Dolly Varden Silver Corp [9]. - The company aims to expand its gold platform through rigorous project evaluation and exploration [9].

Company Overview - Fury Gold Mines Limited (FURY) is part of the Basic Materials sector, which includes 236 individual stocks and ranks 14 in the Zacks Sector Rank [2] - The company currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] Performance Analysis - Year-to-date, Fury Gold Mines Limited has increased by approximately 88%, significantly outperforming the average gain of 18.2% for Basic Materials stocks [4] - In comparison to its industry, the Mining - Gold sector, which consists of 39 companies, has seen an average gain of 96.1% this year, indicating that FURY is slightly underperforming within its specific industry [5] Earnings Outlook - The Zacks Consensus Estimate for Fury Gold Mines Limited's full-year earnings has risen by 16.7% over the past quarter, reflecting improved analyst sentiment and a stronger earnings outlook [3] - Investors may also consider Hawkins (HWKN), another outperforming stock in the Basic Materials sector, which has increased by 40.2% year-to-date [4][6]

Core Viewpoint - Fury Gold Mines Limited has announced promising results from its inaugural drill campaign at the Sakami gold project, indicating strong growth and discovery potential in the region [1][3]. Drilling Results - A total of 3,685 meters of drilling was completed in seven holes, targeting extensions of historical gold mineralization and exploring the Juliette geophysical anomaly [1][7]. - Drill hole 25SK-002 reported 49.5 meters of 0.6 g/t gold and 22.7 meters at 1.47 g/t gold, while drill hole 25SK-003 intercepted 59 meters of 1.59 g/t gold and 9.1 meters of 0.92 g/t gold [2][4]. - High-grade cores of gold mineralization were identified, including 27.7 meters of 2.02 g/t gold and 3.0 meters of 9.32 g/t gold from drill hole 25SK-003 [3][5]. Mineralization Characteristics - Gold mineralization remains open to the west, with significant intercepts indicating a robust mineralizing system characterized by intense silicification [5][6]. - The project covers approximately 14,250 hectares and is located along a 23 km long gold mineralized structure, with historical drilling showing gold mineralization over a distance of more than 23 km [6][7]. Future Prospects - The company anticipates receiving results from the remaining four drill holes in the coming weeks, which may further enhance the understanding of the mineralization at Sakami [3][8]. - The Juliette target, which has a similar geophysical signature to La Pointe, represents an opportunity for discovering additional gold mineralization [8][13]. Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong management team and a commitment to high standards in corporate governance and sustainable mining practices [18].