Fury Gold Mines Ltd. Announces Promising Economic Assessment for Eau Claire Gold Deposit

In a significant development for the mining sector, Fury Gold Mines Ltd., a Canadian exploration and development company, has announced the results of a preliminary economic assessment (PEA) for its high-grade Eau Claire gold deposit. This announcement, made on September 2, 2025, highlights the potential economic viability of the deposit located in the Eeyou Istchee Territory of Quebec’s James Bay region.

The PEA, conducted in accordance with National Instrument 43-101 by SGS Geological Services, evaluated three scenarios based on the same mine plan. Each scenario was assessed at a gold price of US$2,400 per ounce. The standout scenario, known as the “Base Case,” involves a full standalone operation with all processing conducted on-site. This scenario projects an after-tax net present value (NPV) at a 5% discount rate of $554 million and an after-tax internal rate of return (IRR) of 41%.

Tim Clark, CEO of Fury Gold Mines, expressed optimism about the results, noting the exceptional internal rate of return and net present value across all scenarios. These findings underscore the deposit’s potential to significantly contribute to Fury’s growth and profitability.

Fury Gold Mines Ltd., headquartered in Toronto and listed on the Toronto Stock Exchange, specializes in the development of gold and copper mineral properties. With a market capitalization of 119,730,000 CAD and a close price of 0.7 CAD as of August 28, 2025, the company has shown resilience in the volatile mining sector. Despite a 52-week low of 0.49 CAD in May 2025, the company’s stock has seen a recovery, reaching a 52-week high of 0.81 CAD in July 2025.

The announcement comes at a time when the broader market is experiencing fluctuations, with the US markets closing with losses before a long weekend. Analysts suggest that the September period, traditionally seen as a weaker month for the stock market, may see investors taking profits, a trend that Fury’s announcement could potentially counteract for its investors.

Fury Gold Mines Ltd.’s focus on the Eau Claire deposit represents a strategic move to capitalize on its high-grade gold resources. As the company progresses with its development plans, stakeholders and investors will be keenly watching for further updates on the project’s advancement and its impact on Fury’s financial performance.

For more information on Fury Gold Mines Ltd. and its operations, interested parties can visit their website at www.furygoldmines.com .