Fury Gold Mines Limited Completes Private Placement

Fury Gold Mines Limited announced the completion of a brokered private placement on October 14, 2025. The company issued 9,915,000 flow-through units at $1.21 per unit and 6,003,000 flow-through shares at $1.00 per share, raising a total of $18,000,150. The flow-through units consist of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the purchase of one non-flow-through common share at $1.20 for 24 months. The offering was led by Haywood Securities Inc. and included other agents. The proceeds will be used for Canadian exploration expenses related to the company's projects in Québec and Nunavut, with expenditures to be renounced by December 31, 2025. An insider of the company participated in the offering, purchasing 10,000 flow-through shares. The company relied on exemptions from formal valuation and minority approval requirements under Canadian securities laws.