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Fury Gold Mines Ltd T.FURY

Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based gold exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 23,000 hectares (ha) in the Eeyou-Istchee James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 250,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 100% interest in the Eleonore South project. The Eleonore South project is located in the Eeyou-Istchee James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.


TSX:FURY - Post by User

Bullboard Posts
Post by tamarion Oct 11, 2020 8:58pm
480 Views
Post# 31703291

FURY should swiftly garner institutional support.

FURY should swiftly garner institutional support.U.S. entities will also have a jump on Canadian firms due to the Thanksgiving holiday. 
In at least one of the company interviews management did mention Canadian entities were very interested in the $23MM funding but were prohibited from participating due to restrictions (e.g. multi-jurisdictional assets); that barrier no longer exists.

Fury Gold Mines is now structured to make it possible for those institutional investors to participate as well as very easy to formulate their buy decisions because the company is focused on Canadian high grade gold, while the next Au upleg appears to be unfolding right now.  Expectation is there will be increased competition among institutions to acquire stakes in Fury or add to their holdings.

Reminder from the Proxy Circular:
  • Improved Capital Markets Scale: The Reorganization Arrangement is expected to elevate Fury Gold within its peer group as a result of an expanded asset portfolio and an increased market presence, which should result in a broader appeal to the institutional shareholder base, increased research coverage and improved trading liquidity.

Bullboard Posts