Fury gold mines acquire precious metals québec

The Canada Fury Gold Mine -focused golden exploration company has completed the acquisition of precior metals of Québec (QPM) by acquiring all the common actions issued and sloping QPM.

The acquisition agreement was signed among companies in February this year.

The acquisition provides Fury a golden exploration portfolio and potential critical minerals over 157,000 in Quebec. The portfolio includes Sakami, Elmer East and Kipawa projects.

The transaction also improves Fury’s position in the mining sector, especially within the James Bay Gold Camp and the Teremiscaming region, where the Kipawa project is located.

According to the terms of the agreement, the QPM shareholders received 0.0741 from a common fury action for each held QPM share, which issued approximately 8.4 million fury actions.

QPM options and orders can be exercised for fury shares, adjusted according to the stock market.

Fury’s CEO, Tim Clark, said: “We are officially pleased to complete this transformative transaction, which doubles Fury’s footprint in the territory of Eeyou Istchee Bay.

“The integration of the gold assets and critical minerals of QPM with the existing portfolio of Fury and the strong financial position creates a more robust platform for exploration and growth.”

Negotiating QPM shares on the TSX Risk Stock Exchange and the Frankfurt Stock Exchange has stopped, with a scheduled elimination on April 30, 2025. QPM will also try to stop being an informative issuer in Canada.

McMillan acts as a Canadian legal advisor to Fury, while the BCF business law advises QPM.

The CEO and director of QPM, Normand Champigny, said: “Complete this transaction with Fury marks an exciting new chapter for QPM QPM shareholders. With access to the strong leadership, financial resources and permission of Fury, we are sure the improved ability to accelerate exploration efforts in Sakami and beyond.

“This combination validates the work done to date and positions the assets to move significantly, offering significant potential in reverse in the current Golden Gold Market.”

“Fury Gold Mines acquires Québec Metal Metals” was created and published originally Mining technologya brand of Globaldata property.

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