Fury Gold Mines Reports Metallurgical Test Results for Ninaaskumuwin Lithium Discovery

Fury Gold Mines Limited announced in June 2026 the final metallurgical test results for its Ninaaskumuwin lithium discovery located in the James Bay Territory of Northern Quebec. The tests, focusing on spodumene-bearing pegmatite, indicated the potential to produce a Direct Shipping Ore (DSO) concentrate grading 6.0% lithium oxide (Li₂O₅) with a 77% recovery rate.

The results suggest the Ninaaskumuwin mineralization is amenable to conventional processing methods. The tested material contained up to 42% spodumene. The company expressed encouragement, stating the results support a selective exploration and mining approach. Spodumene was identified as the sole lithium-bearing mineral, and the pegmatite showed low impurity levels, indicating potential for producing lithium concentrates suitable for battery manufacturing.

The Ninaaskumuwin lithium prospect is situated on Fury Gold Mines' wholly-owned Elmer East project. The area is accessible and located approximately 50 kilometers north of Rio Tinto's Galaxy Lithium project. Metallurgical testing was conducted by IGS Impact Global Solutions Inc. in Delson, Quebec, with partial financial assistance from the Quebec government's mineral exploration support program.

Fury Gold Mines is a Canadian exploration company focused on advancing its Eau Claire gold project. The company's management and board have a track record of successfully financing and developing exploration assets.