Fury Announces Upsized C$18 Million Brokered Financing

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].