Fury reports encouraging metallurgical test results from the ninaaskumuwin lithium discovery at elmer east

Toronto, july 22, 2025 (globe newswire) -- fury gold mines limited (tsx and nyse american: fury) (“fury” or the “company”) is pleased to announce preliminary metallurgical test results on its ninaaskumuwin lithium discovery in the eeyou istchee james bay territory of northern quebec. the objective of the metallurgical test work was to characterize the mineralogy and metallurgical properties of the spodumene-bearing pegmatite intercepted in drilling. results from the preliminary test work indicate that the ninaaskumuwin lithium mineralization is amenable to conventional lithium extraction techniques with heavy liquid separation resulting in recovery of 62.2% lithium and a concentrate grade of 5.59% li2o from a single composite sample. the metallurgical test work paired with the recently released drilling results of 32.35 (metres) m of 1.16% li2o (see news release dated july 9, 2025) indicates that the ninaaskumuwin lithium discovery warrants additional work.
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