Tim Clark, CEO of Fury Gold Mines, shares his insights on the strategic investment from Agnico Eagle, a leading global gold producer. He highlights the significance of the Committee Bay project in Nunavut, detailing plans for an accelerated drilling program that could tap into the Arctic's exploration potential. Clark discusses the importance of geological assessments, the financial backing from Agnico, and upcoming drilling initiatives. He also touches on the broader market dynamics in mining, particularly regarding the demand for gold and rare earths.
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insights INSIGHT
Agnico Validates Committee Bay Potential
Agnico Eagle's investment validates the geological potential of Committee Bay in Nunavut.
Historical data and cost-efficient exploration strengthen confidence in the project’s upside.
question_answer ANECDOTE
New Drilling Targets Identified
The exploration team identified new shear zones with high-grade gold samples at Committee Bay.
They are excited to drill these untested targets starting early July.
insights INSIGHT
Project Priorities Explained
Eau Claire is the flagship resource with road access and power nearby.
Eleanor South is a high-risk, high-reward exploration, while Sakami offers a promising new resource close to infrastructure.
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“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 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 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.
Sponsor: https://furygoldmines.com/
Ticker: FURY
Press Releases discussed: https://furygoldmines.com/fury-announces-c4-3m-strategic-investment/
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
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