07:29 AM EDT, 05/27/2025 (MT Newswires) -- Fury Gold Mines ( FURY ) on Tuesday said Agnico Eagle (AEM.TO, AEM) acquired 6.73 million units in the miner for $4.3 million through a non-brokered private placement basis.

Each unit consists of one share and one 36-month warrant, which can buy a share at $0.80. Agnico, which previously acquired 3.75 million Fury Gold shares, has now hiked its stake in the company to 9.9% on a partially diluted basis.

About $3.9 million of the proceeds will be allocated to the Committee Bay exploration program in Nunavut.