Fury Gold Mines and Quebec Precious Metals Update Merger Process

About this update from Fury Gold Mines Limited

[{"type":"text","content":"Fury Gold Mines and Quebec Precious Metals Update Merger Process\n\n\n\n MONTREAL and TORONTO, March 26, 2025 (GLOBE NEWSWIRE) --\n \n Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY)\n \n (\n \n “Fury”\n \n )\n \n and Quebec Precious Metals Corporation (TSXV: QPM, FSE: YXEP)\n \n (“\n \n QPM\n \n ”) are pleased to announce that, following the February 26, 2025, announcement of the arrangement agreement (\n \n see news release dated February 26, 2025\n \n ), the acquisition of QPM is moving forward on schedule with an anticipated completion prior to April 30, 2025. QPM has now secured the required no-objection letter from Corporations Canada as well as the interim order from the Quebec Superior Court in connection with convening the QPM shareholders meeting scheduled for April 22, 2025.\n \n\n Fury has secured the conditional approval of the TSX and NYSE American. QPM’s shareholder meeting circular has been filed at\n \n www.sedarplus.ca\n \n , and provides details of the merger as well as updated information about Fury including disclosure of a non-cash impairment charge expected to be effective December 31, 2024, to align the carrying value of Fury’s mineral properties to its prevailing market capitalization. As well Fury announces that director Isabelle Cadieux has resigned from the Fury Board of Directors to pursue other opportunities. Fury thanks Ms. Cadieux for her service over the last 18 months.\n \n\n\n QPM Precious and Critical Minerals Project Portfolio:\n \n\n\n\n Gold and Lithium\n \n :\n \n QPM holds a highly prospective land package covering approximately 70,900 hectares largely within the emerging James Bay gold camp. The road-accessible Sakami project is host to a 23 kilometre (km) long gold-bearing structural corridor. Drilling to date at the La Pointe and La Pointe Extension targets within this trend has identified gold mineralization across widths of up to 75 m and to a depth of up to 500 m with reported intercepts of 2.51 g/t gold (Au) over 54.65 m from drill hole EX-10; 9.22 g/t Au over 12.55 m from drill hole EX-19 and 2.52 g/t Au over 48.55 m from drill hole PT-16-92. The identified gold mineralization at both La Pointe and La Pointe Extension remains open to depth and along strike. Further south along the same gold-bearing structure lies an intriguing und...

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