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Fury Reviews 2025 Achievements and Outlines 2026 Exploration Priorities
TORONTO, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited ( TSX: FURY, NYSE American: ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Reviews 2025 Achievements and Outlines 2026 Exploration PrioritiesContinues winter drilling program at Eau Claire\nTORONTO, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to provide a review of 2025 corporate and technical achievements, including exploration drilling across four gold properties (Éléonore South, Sakami, Committee Bay and Eau Claire), meaningful portfolio expansion in Québec via the acquisition of 100% of Quebec Precious Metals (“QPM”), advancement of the Eau Claire gold project (Eau Claire) through the publication of a preliminary economic assessment (“PEA”), completion of a C$18 million upsized brokered financing and the publication of an initial mineral resource estimate (“MRE”) at the Sakami gold project (Sakami) in Quebec. 2025 Achievements Technical de-risking and value creation The Eau Claire gold deposit (Québec) demonstrated a base-case after-tax NPV5% of C$554 million and after-tax IRR of 41% at a $2,400/ounce gold price. Over a 11-year mine life, Eau Claire showed total gold recovered of 834,000 ounces at a life-of-mine all in sustaining cost of $1,140/ounce, and an estimated initial capex of C$217 million, demonstrating a highly capital efficient project.The MRE for the Sakami gold project was published in December 2025, after launching the Company’s inaugural drill campaign in June 2025, completing 2,778 metres (“m”) during the year. Fury reported an initial inferred mineral resource estimate of 23.9 million tonnes grading 1.07 grams per tonne gold for 825,000 ounces, with all ounces projected to be in-pit within 400m of surface. Portfolio expansion and strategic support The April 2025 acquisition of QPM added several prospective gold and critical minerals exploration assets in Québec—including Sakami, Elmer East and Kipawa—expanding Fury’s Québec exploration portfolio to over 157,000 hectares. Fury is the largest gold focussed explorer in the Eeyou Istchee Territory in the James Bay region of Northern Quebec. In 2025, the Company drilled over 18,000m across the entire Fury portfolio with approximately 15,200m drilled in Quebec. Funding and capital markets execution and strateg...