In this KE Report company update, I feature a deep-dive discussion on Fury Gold Mines (NYSE:FURY - TSX:FURY) recently announced all-share acquisition of Quebec Precious Metals (TSX.V:QPM - OTCQB:CJCFF) valued at just over C$4 million. This strategic acquisition will significantly expand Fury’s land position in Quebec’s James Bay region to over 157,000 hectares, pending deal completion in late April.
Joining me to break down the transaction and exploration plans are:
- Tim Clark, President & CEO of Fury Gold Mines
- Bryan Atkinson, SVP of Exploration at Fury
- Normand Champigny, CEO of Quebec Precious Metals
Key Highlights from the Interview:
- Deal Rationale & Strategic Fit:
Tim Clark explains how the deal came together after ongoing conversations with Normand Champigny. The consolidation provides operational efficiencies, expands Fury’s footprint in a highly prospective district, and positions the company for long-term growth in Quebec.
- Expanding James Bay Exposure:
The acquisition nearly doubles Fury’s land package in James Bay, placing it in proximity to the Éléonore Mine, now owned by private Indonesian firm Delmar. The region is seeing rising M&A interest with recent ~$7.5B in M&A activity.
- Project Overview – Quebec Precious Metals:
Normand provides insight into QPM’s key assets, especially the flagship Sakami Project, with over 50,000 meters of historical drilling and strong gold potential. The project also includes lithium targets (notably Elmer East, next to Rio Tinto’s Galaxy project) and the advanced-stage Kipawa Rare Earths Project, jointly held with Investissement Québec.
- Exploration Plans & Priorities:
Brian Atkinson outlines Fury’s next steps:
- Potential near-term maiden resource at Sakami through confirmation and extension drilling.
- Review and prioritization of newly acquired properties in June through field visits.
Upcoming results from Éléonore South will help define 2025 drill plans, including possible follow-ups at Committee Bay and Eau Claire.
If you have any follow up questions for Tim or Bryan please email me at Fleck@kereport.com.
Click here to visit the Fury Gold Mines website to learn more about the Company and read over the recent