Agnico Eagle Invests in Fury Gold Mines to Fund Drilling at Committee Bay explains CEO Tim Clark
“We are pleased to have Agnico Eagle, one of Canada’s premier companies and a top global gold producer, make an additional investment that will permit Fury to advance our understanding of the exploration potential at our Committee Bay project in Nunavut,” commented Tim Clark, CEO of MSE sponsor Fury. “We believe the Arctic is likely to become increasingly important for future mineral exploration and with this in mind, we are excited to accelerate our plans to build on past drilling success. As a reminder to investors, Fury retains full ownership of this exceptional project, which spans a 300km greenstone belt—an impressive land package that is unique for a junior exploration company.”
Fury Gold Mines (Ticker: FURY) announced that it has entered into a subscription agreement with Agnico Eagle Mines Limited pursuant to which Agnico Eagle has acquired, on a non-brokered private placement basis, 6,728,000 units in the capital of Fury at C$0.64 per unit for gross proceeds of C$4,305,920. Each unit consists of one common share of Fury and one common share purchase warrant. Each Warrant is exercisable to purchase one share at C$0.80 for a 36-month period from the date of issuance on May 26, 2025.
0:00 Intro
0:43 $AEM invests in $FURY
5:18 Agnico to fund Committee Bay project drilling
7:44 Summer drilling programs
10:14 Kipawa rare earths project
13:54 Treasury
