A view of Fury’s Éléonore South project, which is located in the Eeyou-Istchee Territory in Quebec’s James Bay region. Credit: Fury Gold.
Fury Gold Mines (TSX, NYSE: FURY) has agreed to buy Quebec Precious Metals (TSXV: QPM) for about C$4.1 million to expand its exploration portfolio in the James Bay region. QPM shares soared.
Acquiring QPM will allow Toronto-based Fury – which already owns the nearby Éléonore South project – to increase its northern Quebec gold and critical minerals exploration portfolio to more than 1,570 sq. km. QPM’s land package covers about 709 sq. km, mostly within the emerging James Bay gold camp. It includes Sakami, a road-accessible project that is host to a 23-km-long gold-bearing structural corridor.
QPM shareholders will receive 0.0741 Fury share for each QPM share held, Fury said Wednesday in a statement. The ratio implies a price of C$0.04 per QPM share and a…
