01:26 PM EDT, 09/22/2025 (MT Newswires) -- Fury Gold Mines ( FURY ) on Monday said it is upsizing a private placement of flow-through units and shares to raise up to $18 million, up from its original $12-million target.

The company will now offer up to 9.92-million charity flow-through units priced at $1.21 each, and up to six-million traditional flow-through shares priced at $1.00 each. The charity flow-through units include a tax-advantaged share and one-half of a two-year warrant to buy a common share for $1.20

Proceeds from the financing will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures," with all qualifying expenses to be renounced in favour of subscribers on or before December 31, 2025. The exploration work to be funded includes projects at Fury's Eau Claire and Committee Bay properties.

Shares of Fury Gold Mines ( FURY ) were last seen down $0.02 to $0.92 on the Toronto Stock Exchange

Price: 0.92, Change: -0.02, Percent Change: -2.13