Fury Gold Mines to Raise Up to C$12 Million in Financing

Fury Gold Mines Limited announced on September 22, 2025, that it has entered into an agreement to raise up to C$12 million through the sale of national charity flow-through units (Charity FT Units) at C$1.21 each and traditional flow-through shares (Traditional FT Shares) at C$1.00 each.

The proceeds from this financing are intended to be used for "Canadian exploration expenses" that qualify under Canada's Income Tax Act. These expenditures will be directed towards exploration activities at the company's Eau Claire and Committee Bay projects. The expenses are to be renounced to the subscribers by December 31, 2025, and incurred by December 31, 2026.

The company intends to utilize these funds to finance domestic exploration activities. This financing represents a step in Fury Gold Mines' strategy to grow its gold platform in Canada. Further details and offering documents are available on the company's SEDAR+ profile and website.

The offering is expected to close on or around October 10, 2025, subject to customary closing conditions, including stock exchange approvals. Fury Gold Mines will pay a commission to the agents based on the gross proceeds raised. Agents also have an option to purchase additional units.