Fury Gold Mines Limited (TSX:FURY) entered into an agreement to acquire 11.3% stake in Sirios Resources Inc. (TSXV:SOI) from Newmont Corporation (NYSE:NEM) for CAD 1.3 million on February 26, 2024. Fury Gold Mines agreed to purchase Newmont?s 30,392,372 shares of Sirios Resources. In a related transaction, Fury will purchase Newmont?s 49.978% interest in Éléonore South for CAD 3 million.

Completion of the purchase is subject to certain conditions precedent and is expected to close in late February or early March 2024.