Fury Announces C$4.3M Strategic Investment

TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) announces that it has entered into a subscription agreement with Agnico Eagle Mines Limited (“Agnico Eagle”) pursuant to which Agnico Eagle has acquired, on a non-brokered private placement basis, 6,728,000 units in the capital of the Company (“Units”) at C$0.64 per Unit for gross proceeds of C$4,305,920 (the “Private Placement”). Each Unit consists of one common share of Fury (“Share(s)”) and one common share purchase warrant (“Warrant(s)”). Each Warrant is exercisable to purchase one Share at C$0.80 (the “Exercise Price”) for a 36-month period from the date of issuance on May 26, 2025, subject to accelerated expiry after 24 months if the market price of the Shares closes above the Exercise Price for twenty (20) consecutive trading days.

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