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An announcement from Fury Gold Mines ( (TSE:FURY) ) is now available.
On July 22, 2025, Fury Gold Mines Limited announced encouraging preliminary metallurgical test results from its Ninaaskumuwin lithium discovery at the Elmer East project in Northern Quebec. The tests indicate that the lithium mineralization is amenable to conventional extraction techniques, with a recovery rate of 62.2% lithium and a concentrate grade of 5.59% Li2O. This discovery, which is part of Fury’s recently acquired assets, shows potential for producing battery-grade lithium products and warrants further exploration work. The announcement is significant as it highlights Fury’s strategic expansion into lithium exploration, potentially enhancing its market position and offering promising opportunities for stakeholders.
The most recent analyst rating on (TSE:FURY) stock is a Buy with a C$1.90 price target. To see the full list of analyst forecasts on Fury Gold Mines stock, see the TSE:FURY Stock Forecast page.
Spark’s Take on TSE:FURY Stock
According to Spark, TipRanks’ AI Analyst, TSE:FURY is a Underperform.
Fury Gold Mines faces significant financial challenges, with no revenue generation and ongoing cash burn, leading to a low financial performance score. Technical analysis indicates a lack of momentum, and the valuation is unattractive due to a negative P/E ratio. The recent acquisition of Quebec Precious Metals is a strategic move that could enhance future growth, but uncertainties remain regarding its impact.
To see Spark’s full report on TSE:FURY stock, click here.
More about Fury Gold Mines
Fury Gold Mines Limited is a Canadian-focused exploration company operating in two prolific mining regions across Canada. The company is well-financed and holds a significant position in Dolly Varden Silver Corp. Fury is led by a management team with a track record of success in financing and advancing exploration assets, aiming to expand its gold platform through rigorous project evaluation and exploration excellence. The company is committed to high standards of corporate governance, environmental stewardship, community engagement, and sustainable mining.
Average Trading Volume: 69,163
Technical Sentiment Signal: Buy
Current Market Cap: C$117M
For an in-depth examination of FURY stock, go to TipRanks’ Overview page.