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Quebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold

1. Fury Gold to acquire Quebec Precious Metals via a share exchange plan. 2. QPM shareholders approved the resolution for the arrangement.

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Why Bullish?

Acquisitions can enhance company valuation and market position, potentially increasing investor confidence. Historical cases illustrate that successful acquisitions usually lead to stock price gains.

How important is it?

The acquisition aligns with Fury's growth strategy, likely attracting investor interest and increasing share liquidity. M&A announcements typically generate significant market attention and can lead to price uplifts.

Why Long Term?

The strategic acquisition can strengthen Fury's assets and revenue streams over time, proving beneficial beyond immediate market reactions, similar to past acquisitions in the mining sector.

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QPMGOLDNUGT
MONTREAL, QC AND TORONTO, ON / ACCESS Newswire / April 22, 2025 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury") and Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP) ("QPM") are pleased to announce that, at the special meeting (the "Meeting") of holders ("QPM Shareholders") of common shares of QPM (the "QPM Shares") held today, QPM Shareholders overwhelmingly voted in favour of the special resolution (the "Arrangement Resolution") to approve the previously announced plan of arrangement (the "Arrangement") under Section 192 of the Canada Business Corporations Act with Fury Gold Mines Ltd. ("Fury Gold") pursuant to which Fury Gold will acquire all of the issued and outstanding QPM Shares in exchange for 0.0741 of a Fury Gold common share (each whole common share of Fury Gold, a "Fury Gold Share") for each QPM Share.

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