Fura Gems

Website: www.furagems.com
Primary ticker: TSXV:FURA
Stage of development: Exploration/Development/Production
Primary minerals: Gemstone
Project to promote: The Coscuez Emerald Mine, Montepuez District Project

Live financials

Fura Gems Inc. is a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licences. Fura’s headquarters are located in Toronto, Canada and its administrative headquarters are located in the Almas Tower, Dubai. Fura is listed on the TSX Venture Exchange under the ticker symbol “FURA”.

Management Profile

Dev Shetty – President and CEO
Mr. Shetty joined FURA in January 2017 as President and Chief Executive Officer. Prior to joining FURA, Mr. Shetty was the group chief operating officer and board member of Gemfields Plc. He was instrumental in leading Gemfields to become the world’s largest colour gemstone company from 2009 to 2016. Mr Shetty played a vital role in developing the world’s largest producing emerald mine in Zambia and the greenfield ruby project in Mozambique, which is believed to be the largest ruby deposit in the world. Previously, Mr. Shetty gained valuable experience in the fields of start-ups, mergers and acquisitions, business turnaround, project management, strategy and finance during his tenure with a private equity firm and a manufacturing company.


What is your rationale for attending 121 Mining Investment?

To discuss a potential raise.

To meet with a number of new investors and to tell the FURA story to those who might not have already heard it.

Update those already familiar with Fura with recent corporate activity as well as development plans going forward.

Create general awareness of the company’s vision, strategy and strengths.

What recent news would you like to highlight to investors attending?

Fura Provides Update on Ruby Transactions in Mozambique
7:00 AM EST November 29, 2018

Fura Announces Private Placement
7:00 AM EST November 26, 2018

Fura Provides Updates on Its Community Engagement and CSR at the Coscuez Project
7:00 AM EST November 20, 2018

Wednesday, November 14, 2018
Initial Core Drilling Shows Promising Results at Coscuez Emerald Mine

Tuesday, October 30, 2018
New Energy Minerals Ltd (MTTGF) Quarterly Activities Report for the Period Ending 30 September 2018

Tuesday, October 23, 2018
Fura Announces All-Female Wash Plant Project

What are your key goals for the next 3,6 and 12 months?

3 Months:

Plan to commence a significant bulk sampling project within FURA’s ruby licenses in Mozambique.

6 Months:

Creating a world-class, cash generative ruby mine to complement the Coscuez emerald mine in Colombia.

12 Months:

Auction sales of both Colombian emeralds and Mozambican rubies to commence.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Risk – Funding/Financing Risk
Mitigation – Potential raise under consideration

Risk – Social Risk in Colombia
Mitigant – A solid social program is operational and 94% of community approvals sought already (The minimum requirement is 50%).

In a sentence, what do you think makes your company such a compelling investment?

We aim to create unique opportunities for all our stakeholders by partnering with surrounding communities to focus on known and proven gemstone belts including existing yet undervalued assets, supply rough gemstones through organised and transparent selling platforms, and promote mined gemstones around the world.