Shares of Benz Mining (ASX:BNZ) rose past 6% in recent Wednesday trade after it said in a late Tuesday filing that its unit, Eastmain, acquired the remaining 25% stake held by Fury Gold Mines in the Eastmain gold project and the Ruby Hill properties in Quebec.

The company has paid Fury Gold the first milestone payment of CA$1 million for the stake in the Eastmain project, the filing said.

Under the deal, the company has granted its units a 2% net smelter return royalty (NSR) in respect of certain areas of the project, the filing added.

The company has also paid Eastmain CA$100,000 to acquire the remaining 25% stake in the Ruby Hill properties and granted it a 1% NSR royalty on the project.