Fury Gold Mines Has C$76mm in Treasury (cash & restricted securities) & Is Drilling 15,000m with CEO Tim Clark

Mining Stock Education · Fury Gold Mines Has C$76mm in Treasury (cash & securities) & Is Drilling 15,000m with CEO Tim Clark

Fury Gold Mines’ CEO Tim Clark and Chairman Ivan Bebek provide an update on the company’s progress in this episode. Fury now has CAD$76mm in the Treasury (C$16mm cash & C$60mm marketable securities) and has recently commenced a 15,000m drill program at its flagship Eau Claire deposit in the James Bay Region of Quebec with the goal of expanding the resource and demonstrating further growth potential. Through the just-closed C$11mm financing, Fury has brought on board a Canadian corporate investor as well as a U.S. institutional investor.  Of these two new investors and the prospective nature of expanding the Eau Claire deposit, Tim Clark stated: “We are thrilled to achieve the support from two highly regarded shareholders. The Company is well-financed, currently drilling, and our management team is very excited about several of our robust exploration targets that we will be testing within the next 12 months.”

Fury Gold Mines (Ticker: FURY) is a Canadian-focused high-grade gold exploration company strategically positioned in two prolific mining regions: the James Bay Region of Quebec and the Kitikmeot Region in Nunavut.

Presentation: https://furygoldmines.com/site/assets/files/6243/fury_march_2022_conference_smi_final.pdf

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