Philosophy of Financing & Advancing Jr Mining Projects in a Tough Market with Fury Gold’s Tim Clark

Fury Gold Mines’ (Ticker:FURY) CEO Tim Clark shares his executive philosophy of financing and advancing junior mining projects in a tough market. Fury just sold 17mm shares of its Dolly Varden holdings at C$.40/share to an institutional investor which yielded C$6.8mm to Fury.  Fury acquired the common shares of Dolly Varden in February 2022 when Dolly Varden acquired, through the acquisition of Fury’s wholly-owned subsidiary Homestake Resource Corporation, a 100% interest in the Homestake Ridge gold-silver project. In this interview, Tim talks through the rationale behind the sale and why it made sense at this time.

Tim Clark, CEO and Director of Fury, added, “We would like to thank Dolly Varden for the support on this mutually beneficial transaction. We view this as a prudent and strategic joint decision that will provide capitalization for Fury’s exciting potential at its Eau Claire and Éléonore South Joint Venture projects, and also add a significant institutional investor to Dolly Varden’s current share ownership. Going forward, Fury is still the largest single investor in Dolly Varden at 26% and we remain confident in both their management team and projects. We believe that success in this industry is about working well with  your partners and are thrilled about the opportunities ahead for both companies.”

Presentation: https://furygoldmines.com/site/assets/files/6388/fury_ir_september2022_final_v3.pdf

Press Releases discussed: https://furygoldmines.com/site/assets/files/6391/2022-10-03_fury_dolly_nr_saleofcommonshares.pdf