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Fury Gold Mines ( (TSE:FURY) ) has issued an announcement.
On July 9, 2025, Fury Gold Mines announced positive drill results from its maiden drill program at the Ninaaskumuwin lithium discovery in Quebec. The drilling, which targeted spodumene-bearing pegmatite, revealed significant lithium mineralization, with highlights including 32.35 meters of 1.16% Li2O. The discovery, part of the Elmer East project, remains open at depth and along strike, indicating potential for further exploration. This development underscores Fury’s strategic acquisition of Quebec Precious Metals and positions the company favorably in the burgeoning lithium exploration sector in the James Bay region.
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 engaged in advancing exploration assets in prolific mining regions across Canada. The company is committed to corporate governance, environmental stewardship, community engagement, and sustainable mining practices.
Average Trading Volume: 74,295
Technical Sentiment Signal: Hold
Current Market Cap: C$113.8M
For an in-depth examination of FURY stock, go to TipRanks’ Overview page.