202624 releases
First Mining Closes $57.5 Million Bought-Deal Offering Including Full Exercise of Over-Allotment Option
A bought-deal public offering of 68,459,500 common shares at $0.84 per share closed for aggregate gross proceeds of $57,505,980, including full exercise of the over-allotment option. Net proceeds will be used to advance the Springpole and Duparquet gold projects and for general working capital and corporate purposes. The syndicate was co-led by Haywood Securities, ATB Cormark Capital Markets and National Bank Financial. The offering remains subject to final Toronto Stock Exchange approval.
FinancingFirst Mining Announces $50 Million Bought-Deal Offering of Common Shares
A bought-deal offering of 59,530,000 common shares at $0.84 per share will raise aggregate gross proceeds of $50,005,200, with Haywood Securities, ATB Cormark Capital Markets and National Bank Financial as co-lead underwriters and joint bookrunners. Underwriters hold an over-allotment option for up to an additional 15% of the shares, exercisable for 30 days after closing. Net proceeds will advance the Springpole and Duparquet gold projects and general working capital; closing is expected on or about September 24, 2026.
FinancingFirst Mining Announces Inclusion into the GDXJ
First Mining Gold has been added to the MVIS Global Junior Gold Miners Index (MVGDXJ), the benchmark index for the VanEck Junior Gold Miners ETF (GDXJ), following the index's semi-annual review and rebalancing. The inclusion takes effect at the close of trading on September 18, 2026. The company is advancing the Springpole Gold Project in northwestern Ontario, which received federal Environmental Assessment approval in June 2026, and the PEA-stage Duparquet Gold Project in Quebec.
CorporateFirst Mining Reports 5.26 g/t Au over 19.55 m as Drilling Expands Miroir Discovery at the Duparquet Project
Initial results from the 2026 drilling program at the Duparquet Gold Project in Quebec's Abitibi region include DUP26-093 with 5.26 g/t Au over 19.55 m, including 7.58 g/t over 12.95 m and 21.80 g/t over 1.0 m, and DUP26-096 with 3.43 g/t Au over 28.0 m, including 10.36 g/t over 7.2 m. Drilling extended the Miroir target's strike length to approximately 220 m. The 15,000 m program, begun in May 2026, continues into Q4 2026, and a resource model update has been initiated.
Drill resultsCat Lake First Nation, Lac Seul First Nation and First Mining Sign Project Agreement for the Development of the Springpole Gold Project
A definitive Springpole Project Consultation and Benefits Agreement has been signed with Cat Lake First Nation and Lac Seul First Nation covering construction, operations and closure of the Springpole Gold Project in northwestern Ontario. The agreement, negotiated following an Anishinaabe-led Impact Assessment process, provides for participation in environmental management and monitoring, preferential training and employment, business opportunities, equity and participation in the Project's economic upside, and the sharing of financial benefits. The federal Environmental Assessment for Springpole was approved in June 2026.
CorporateSlate Falls Nation and First Mining Sign Project Agreement for the Development of the Springpole Gold Project
A Project Agreement has been signed with Slate Falls Nation covering the Springpole Gold Project in northwestern Ontario, setting out a collaborative framework for development through construction, operations and closure. The agreement provides for Slate Falls participation in environmental management and monitoring, adaptive management, preferential training and employment measures, equity and participation in the Project's economic upside, business opportunities, cultural safety measures, and the sharing of financial benefits. It follows a community-based consultation process. The federal Environmental Assessment for Springpole was approved in June 2026.
CorporateFirst Mining Announces 2026 Second Quarter Financial Results and Operating Highlights
Financial results for the quarter ended June 30, 2026 were reported, with cash and marketable securities of $40.5 million, an equity investment in Seva Mining valued at $29 million and an equity interest in PC Gold Inc. of $14.3 million. Quarterly highlights include federal Environmental Assessment approval for the Springpole Gold Project in northwestern Ontario on June 30, 2026, term sheet agreements with Slate Falls Nation, Cat Lake First Nation and Lac Seul First Nation, and Bellavista's $3 million payment reducing First Mining's PC Gold stake from 30% to 20%.
CorporateFirst Mining and Slate Falls Nation Agree to Key Terms of Project Agreement for Springpole Gold Project
A term sheet agreement has been signed with Slate Falls Nation setting out the key terms for negotiating a final project agreement for the Springpole Gold Project in northwestern Ontario, Canada. The agreement covers Slate Falls' development parameters, a collaborative process for regulatory approvals and environmental protections, and mechanisms for SFN participation in project design optimizations and in financial and business opportunities at the future mine. It has been endorsed by Slate Falls Chief and Council; the final Project Agreement requires approval by SFN Chief and Council and First Mining's Board.
CorporateFirst Mining Receives Federal Approval for the Springpole Gold Project Environmental Assessment
Federal Environmental Assessment approval has been granted for the Springpole Gold Project, located approximately 110 kilometres northeast of Red Lake, Ontario, with Federal Minister of the Environment, Climate Change and Nature Julie Aviva Dabrusin issuing a Decision Statement that the project may proceed. The decision follows a federal assessment process carried out since 2018 and includes conditions covering engineering designs, aquatic and terrestrial protections, monitoring, adaptive management and consultation. First Mining is advancing post-EA engineering designs and optimizations toward construction readiness.
CorporateFirst Mining Announces Springpole Project Authorization from Cat Lake First Nation and Lac Seul First Nation Following the Completion of the Anishnaabe Led Impact Assessment
Cat Lake First Nation and Lac Seul First Nation have completed their Anishnaabe Led Impact Assessment process and authorized the Springpole Gold Project in northwestern Ontario, subject to 35 negotiated terms captured in a Term Sheet Agreement with First Mining Gold Corp. The terms cover environmental and water protections, cultural and socio-economic safeguards, revenue sharing, procurement, milestone payments, annual capacity funding, and healing and addictions treatment funding. The authorization is conditional on finalizing the Term Sheet into a binding Springpole Project Agreement.
CorporateCat Lake First Nation and First Mining Gold Reach Milestone Agreement on Mobilizing the Cat Lake All-Season Access Road
An agreement with Cat Lake First Nation has been finalized to mobilize development of an all-season access road connecting the community to Sioux Lookout via the Vermilion River Road in northwestern Ontario, using a mix of existing forestry roads and new construction. First Mining has committed up to $4 million to fund road permitting, right-of-way clearing, geotechnical fieldwork and detailed engineering design, starting in summer 2026. Corridor activities must follow the 35 cultural and ecological conditions from the Anishinaabe-led Impact Assessment; Ontario's role is unclear.
CorporateFirst Mining Announces Voting Results from 2026 AGM
Shareholders approved all matters at First Mining Gold's annual general meeting held in Vancouver on June 9, 2026, with 501,078,315 common shares represented, or 36.20% of outstanding shares as at the April 21, 2026 record date. All five director nominees — Keith Neumeyer, Raymond Polman, Daniel W. Wilton, Richard Lock and Leanne Hall — were elected, with support ranging from 88.73% to 99.62%. The appointment of the auditor was carried with 98.59% of votes for.
CorporateFirst Mining Commences 2026 Drilling Campaign and Signs Milestone Drilling Partnership with Forage Anicinape at the Duparquet Gold Project
A roughly 12,000 metre drill campaign has begun in Q2 2026 at the Duparquet Gold Project in Quebec's Abitibi region, using two diamond drill rigs through the year to increase resource confidence, test resource growth and support geotechnical, metallurgical and hydrogeological work, including follow-up drilling at the Miroir target. First Mining Gold also signed a drilling partnership with Forage Anicinape, an Indigenous-led company formed by Forages Rouillier and the Coopérative de solidarité de Pikogan.
Drill resultsFirst Mining Reports New High-Grade Gold Drill Intercepts from North Zone, South Zone, and Minuit Targets at its Duparquet Project
Final assays from the 2025 drilling program at the Duparquet Gold Project in Quebec's Abitibi region include 15.14 g/t Au over 5.0 m, including 73.40 g/t over 1.0 m, and 1.88 g/t Au over 16.9 m in North Zone hole DUP25-056, and 6.18 g/t Au over 2.95 m in South Zone hole DUP25-061. At the Minuit target, DUP25-070 returned 9.87 g/t Au over 2.75 m and DUP25-076 returned 5.53 g/t Au over 5.3 m. The 2025 campaign totalled 44 holes over 16,576.5 m.
Drill resultsFirst Mining Announces 2026 First Quarter Financial Results and Operating Highlights
First Mining Gold reported Q1 2026 financial results for the quarter ended March 31, 2026, with cash and marketable securities of $44.8 million, a $30 million equity investment in Seva Mining (80 million shares at C$0.375) and a $21.5 million equity interest in PC Gold Inc. Bellavista exercised its buy-down right at the Pickle Crow Gold Project, paying $3 million cash to cut First Mining's stake from 30% to 20%. The Springpole Environmental Assessment decision date was extended to June 30, 2026, with Cat Lake and Lac Seul First Nations voting June 4, 2026.
CorporateFirst Mining Provides Update at Pickle Crow Gold Project
Bellavista Resources Limited closed its acquisition of FireFly Metals Ltd's interest in PC Gold Inc., the entity holding the Pickle Crow Gold Project in northwestern Ontario, on April 29, 2026. Bellavista also exercised its buy-down right and paid First Mining Gold C$3 million in cash, reducing First Mining's ownership in PC Gold from 30% to 20%. First Mining's remaining interest is free carried to a decision to mine at Pickle Crow.
CorporateFirst Mining Provides Update on Springpole Gold Project
The Environmental Assessment decision date for the Springpole Gold Project in northwestern Ontario has been voluntarily extended to June 30, 2026 from May 22, 2026, following discussions with the Impact Assessment Agency of Canada, giving IAAC more time to complete the final EA report. Cat Lake and Lac Seul First Nations have completed their independent Anishinaabe Led Impact Assessment on the Project and are preparing to vote on its findings on June 4, 2026.
CorporateFirst Mining Announces Year-End 2025 Financial Results and Operating Highlights
Fourth quarter and annual financial results for the year ended December 31, 2025 were reported, with cash and current investments of $45.3 million at December 31, 2025 and the equity interest in PC Gold Inc. (Pickle Crow Project) valued at $21.5 million. The sale of the Cameron Gold Project to Seva Mining Corp. closed for $5,000,000 cash, 80,000,000 Seva shares (about 48%), and at least $2 million in a future cash payment tied to stockpile processing.
CorporateFirst Mining Provides Update on Pickle Crow Gold Project
Joint-venture partner FireFly Metals Ltd has agreed to sell its 70% interest in PC Gold Inc., holder of the Pickle Crow Gold Project in Ontario, to Bellavista Resources Limited (ASX:BVR) for 60 million Bellavista shares valued at A$45 million and A$37.5 million in performance rights, with Bellavista concurrently seeking to raise A$25 million at A$0.75 per share. Closing is expected in Q2 2026. Bellavista intends to exercise the buydown right to reach 80% by paying First Mining C$3 million, reducing First Mining to 20%, free carried to a decision to mine.
CorporateFirst Mining Named to 2026 OTCQX Best 50
First Mining Gold has been named to the 2026 OTCQX Best 50, a ranking of the top 50 U.S. and international companies on the OTCQX Best Market based on 2025 performance. The ranking uses an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. The company is advancing the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec.
CorporateFirst Mining Announces Socio-Economic Analysis for the Springpole Gold Project
An updated socio-economic analysis by WSP Canada Inc. for the 100%-owned Springpole Gold Project in northwestern Ontario, based on the recently announced updated Pre-Feasibility Study, estimates 3,340 jobs in each year of construction and 5,910 jobs during each year of operations, totalling over 67,000 person-years of employment. The Project is expected to generate over $7 billion in government tax revenue and contribute $15 billion to Gross Domestic Product. The final EA/EIS was submitted to Ontario and Canada in November 2024.
Study results
202528 releases
First Mining Files Pre-Feasibility Study Technical Report for the Springpole Gold Project, Ontario, Canada
An independent NI 43-101 Pre-Feasibility Study technical report for the 100%-owned Springpole Gold Project in Ontario has been filed on SEDAR+, prepared by Ausenco Engineering Canada ULC with an effective date of December 1, 2025. The 2025 PFS supports a 30,000 tpd open pit operation with a 9.4-year mine life, US$2.1 billion after-tax NPV5% and 41% after-tax IRR at US$3,100/oz gold, initial capital of US$1,104 million, and LOM AISC of US$938/oz. Average annual payable production is 330 koz in Years 1–5.
Study resultsFirst Mining Announces Receipt of $6 Million in Proceeds from Warrants Exercise
Total proceeds of C$6,410,045 were received from First Majestic Silver Corp.'s exercise of 32,050,228 common share purchase warrants at $0.20 per warrant, warrants originally issued in connection with amending a silver purchase agreement among First Majestic, First Mining and subsidiary Gold Canyon Resources Inc. Proceeds will go toward the Springpole and Duparquet gold projects and general working capital. First Majestic's holding rises to 47,379,944 common shares, or 3.5% of shares outstanding.
FinancingFirst Mining Announces New Partnership to Advance Cameron Gold Project
A definitive amalgamation agreement has been signed to sell wholly-owned subsidiary Cameron Gold Operations Ltd., owner of the Cameron Gold Project in Ontario, to Oronova Energy Inc. for total consideration of C$27,000,000, comprising C$5,000,000 cash, 80,000,000 Oronova shares at a deemed $0.25 per share, and a future payment of at least C$2,000,000 upon processing of a mineralized stockpile. Oronova will be renamed Seva Mining Corp., with First Mining holding about 48% after a planned non-brokered private placement of up to 60,000,000 shares at $0.25 for up to $15,000,000. Closing is expected in Q1 2026, subject to TSXV approval.
NewsFirst Mining Announces Updated Pre-Feasibility Study for the Springpole Gold Project, Ontario, Canada
An updated Pre-Feasibility Study for the 100%-owned Springpole Gold Project in Ontario outlines a 30,000 tpd open pit operation with a 9.4-year mine life, after-tax NPV5% of US$2.1 billion and 41% IRR at US$3,100/oz gold, rising to US$3.8 billion and 63% at US$4,200/oz. Initial capital is US$1,104 million, with average annual payable gold production of 330 koz in Years 1-5 at AISC of US$877/oz. Probable reserves total 102.0 Mt at 0.94 g/t Au.
Study resultsFirst Mining Announces 2025 Third Quarter Financial Results and Operating Highlights
Third quarter results for the period ended September 30, 2025 show cash and marketable securities of $37.6 million and an equity interest in PC Gold Inc. (Pickle Crow) valued at $21.5 million. During the quarter the company raised total gross proceeds of $36,437,600 through a public offering and a non-brokered offering, sold its remaining 20% interest in the Hope Brook Gold Project for $3 million cash plus 7 million Big Ridge shares, and signed a Long-Term Relationship Agreement with Mishkeegogamang First Nation covering Springpole in northwestern Ontario. Duparquet drilling returned 3.23 g/t Au over 25.9m at the Miroir target.
CorporateFirst Mining Reports Continued Drilling Success at its Miroir Discovery with 2.01 g/t Au over 29.8 m
Drilling at the Miroir target on the Duparquet Gold Project in Quebec's Abitibi region returned 3.20 g/t Au over 15.75 m in DUP25-077, including 5.21 g/t Au over 8.65 m and 22.50 g/t Au over 0.7 m; DUP25-078 returned 2.01 g/t Au over 29.8 m, including 15.70 g/t Au over 0.75 m and 18.20 g/t Au over 1.0 m; and DUP25-079 returned 1.76 g/t Au over 16.25 m. The 2025 program, totalling 16,577 m, concluded in October, with assays pending from 8 of 22 Miroir holes.
Drill resultsFirst Mining Expands Newly Discovered Miroir Target with Drill Hole DUP25-064 Returning 3.23 g/t Au over 25.9 m
Drilling at the Miroir target on the Duparquet Gold Project in Quebec's Abitibi region returned 3.23 g/t Au over 25.9 m in hole DUP25-064, including 11.20 g/t Au over 2.0 m and 10.16 g/t Au over 1.4 m, with the same hole also returning 4.64 g/t Au over 4.6 m and 4.15 g/t Au over 7.4 m. Step-out hole DUP25-066, 45 m east, returned 1.37 g/t Au over 30.6 m, and DUP25-067 returned 2.58 g/t Au over 4.0 m. Mineralization now extends to 100 m vertical depth, with the interpreted fold target at 140 m strike length; 20 holes and about 4,450 m have been completed at Miroir, and roughly 16,000 m project-wide in 2025.
Drill resultsThe City of Duparquet and First Mining Gold Sign Historic Memorandum of Understanding for Community Development and Collaboration on the Duparquet Gold Project
A memorandum of understanding with the City of Duparquet, Quebec, ratified by the municipal council on September 15, 2025, formalizes collaboration on the Duparquet Gold Project. Terms include a co-habitation plan and update of the City's urban development plan, a mechanism for relocating certain residential properties, a design plan to reconfigure the Duparquet golf course, transfer of over 100 acres of land to the City, and transfer of residential lots held under historical emphyteutic leases outside the project development area.
CorporateFirst Mining Further Expands Aiguille Zone at the Duparquet Gold Project as Exploration Drilling Advances
Drilling at the Aiguille Zone of the Duparquet Gold Project in Quebec's Abitibi region returned 1.43 g/t Au over 24.1 m, including 4.56 g/t Au over 4.0 m, in hole DUP25-058, extending the zone eastward to an approximate 100 m strike length. Hole DUP25-057 at the Valentre target returned 2.80 g/t Au over 3.25 m, including 4.93 g/t Au over 1.75 m. About 16,000 m has been drilled in 2025 to date, with drilling continuing through September.
Drill resultsFirst Mining Announces 2025 Second Quarter Financial Results and Operating Highlights
Second quarter results for the period ended June 30, 2025 show cash and marketable securities of $5.8 million and a $21.5 million equity interest in PC Gold Inc. (Pickle Crow). Subsequent to quarter end, First Mining closed an upsized public offering of 66,670,000 units for $12,000,600 and a non-brokered offering totalling $24,437,000, signed a Long-Term Relationship Agreement with Mishkeegogamang First Nation covering Springpole, and sold its remaining 20% interest in Hope Brook for $3 million cash plus 7 million Big Ridge shares. Duparquet drilling returned 2.25 g/t Au over 12.8m at the new Minuit zone.
CorporateFirst Mining Closes Upsized $24.4 Million Non-Brokered Private Placement
An upsized non-brokered private placement closed for gross proceeds of approximately $24.4 million, comprising 95,000,000 units at $0.18 for $17,100,000 and 33,350,000 flow-through units at $0.22 for $7,337,000, each with a half warrant exercisable at $0.27 for 36 months. Combined with the $12.0 million public offering closed July 22, 2025, total proceeds reach $36.4 million. Funds will advance the Springpole (Ontario) and Duparquet (Quebec) gold projects and general working capital.
FinancingFirst Mining Closes Sale of 20% Project Interest in Hope Brook Gold Project
The sale of First Mining's 20% project interest in the Hope Brook Gold Project in Newfoundland to Big Ridge Gold Corp. has closed. Total consideration was C$3,000,000 in cash and 7,000,000 common shares of Big Ridge.
AcquisitionFirst Mining Announces Closing of $12 Million Public Offering
First Mining Gold closed an over-subscribed public offering of 66,670,000 units at $0.18 per unit for gross proceeds of $12,000,600. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.27 for 36 months from closing. Net proceeds will fund the Springpole and Duparquet gold projects and general working capital and corporate purposes. Haywood Securities acted as lead underwriter and joint bookrunner with Cormark Securities and National Bank Financial.
FinancingFirst Mining Announces Upsized $12 Million Public Offering for a Total Offering of up to $27 Million
The previously announced public offering has been upsized to up to 66,670,000 units at $0.18 per unit for gross proceeds of up to $12,000,060, with each unit comprising one common share and one-half warrant exercisable at $0.27 for 36 months. A concurrent non-brokered private placement of up to 55,600,000 units at $0.18 and up to 22,730,000 flow-through units at $0.22 could raise up to $15,008,600, bringing total gross proceeds to up to $27,009,200. Proceeds will advance the Springpole and Duparquet gold projects; closings are expected July 22 and by August 5, 2025.
FinancingFirst Mining Discovers Significant New Gold Zone for Immediate Expansion at the Duparquet Gold Project
Drilling at the Duparquet Gold Project in Quebec's Abitibi region identified a new gold zone, Minuit, located 75 m north of the historical Donchester Mine, with hole DUP25-059 returning 2.25 g/t Au over 12.8 m, including 4.08 g/t Au over 4.0 m. The same hole cut 1.21 g/t Au over 60.2 m, including 4.1 g/t Au over 4.3 m, in Zone 3 of the current resource. About 9,300 m of a planned 18,000 m two-rig 2025 program has been drilled.
Drill resultsFirst Mining Announces Public Offering and Non-Brokered Private Placement for up to $20 Million
A public offering of up to 27,800,000 units at $0.18 per unit for gross proceeds of up to $5,004,000 has been agreed with Haywood Securities Inc. and a syndicate of agents, alongside a non-brokered private placement of up to 55,600,000 units at $0.18 and up to 22,730,000 flow-through units at $0.22 for up to $15,008,600, totalling up to $20,012,600. Each unit includes a half warrant exercisable at $0.27 for 36 months. Proceeds will advance the Springpole and Duparquet gold projects. The public offering is expected to close about July 22, 2025.
FinancingFirst Mining Announces Sale of 20% Interest in Hope Brook Gold Project
An agreement has been reached with Big Ridge Gold Corp. to sell First Mining's remaining 20% interest in the Hope Brook Gold Project for C$3,000,000 in cash and 7,000,000 Big Ridge common shares. The transaction would give Big Ridge 100% ownership and is expected to close in Q3 2025. First Mining will retain exposure to Hope Brook as a Big Ridge shareholder.
AcquisitionMishkeegogamang First Nation and First Mining Sign Long Term Relationship Agreement for the Development of the Springpole Gold Project
A Long Term Relationship Agreement covering the Springpole Gold Project in northwestern Ontario has been signed with Mishkeegogamang First Nation, following a process agreement signed in 2021 and a community-based consultation process. The agreement provides for the First Nation's participation in environmental management and monitoring, adaptive management, preferential training and employment measures, equity and economic participation, business opportunities during construction and operations, cultural safety measures, and sharing of financial benefits from the project.
CorporateFirst Mining Announces Voting Results from 2025 AGM
Shareholders approved all matters at First Mining Gold's annual general meeting held in Vancouver on June 11, 2025, with 340,727,880 common shares represented, or 31.45% of shares outstanding as at the April 23, 2025 record date. All five director nominees were elected: Keith Neumeyer (93.72% for), Raymond Polman (92.16%), Daniel W. Wilton (99.03%), Richard Lock (98.31%) and Leanne Hall (97.52%). The auditor appointment carried with 98.65% and unallocated entitlements under the amended share-based compensation plan with 93.23%.
CorporateFirst Mining Strengthens Miroir Discovery at Duparquet Gold Project with New Near-Surface Drilling Results and Expands Valentre Target Zone at Depth
Initial 2025 drill results from the Duparquet Gold Project in Quebec's Abitibi region include, at the Miroir target, 2.77 g/t Au over 11.1 m (including 4.36 g/t Au over 6.5 m) from 12.9 m in DUP25-052 and 1.41 g/t Au over 11.9 m from 26.7 m in DUP25-054. The same hole cut 3.96 g/t Au over 9.3 m, including 5.71 g/t Au over 5.8 m, at the Valentre target about 330 m below surface. Results cover six holes totalling 1,140 m of a planned 18,000 m program, with two rigs drilling through the fall.
Drill resultsFirst Mining Announces 2025 First Quarter Financial Results and Operating Highlights
Financial results for the quarter ended March 31, 2025 show cash and marketable securities of $11.7 million and an equity interest in PC Gold Inc. (Pickle Crow Project) of $21.5 million. Quarterly highlights include receipt on March 28, 2025 of a final US$5 million cash payment from First Majestic Silver Corp. under the amended Springpole Silver Stream Purchase Agreement, and Duparquet drill results of 3.12 g/t Au over 19.35 m (Miroir Zone) and 8.99 g/t Au over 3.1 m (Aiguille Zone). An approximately 18,000 m Duparquet drill program is planned for this year.
CorporateFirst Mining Adds Second Drill Rig at the Duparquet Gold Project and Provides Corporate Update
A second drill rig was added in April 2025 at the Duparquet Gold Project in Quebec's Abitibi region, advancing a previously announced ~18,000-metre exploration drilling program. Ten holes totalling 3,100 metres have been completed to date; assay results are not yet available and will be disclosed as received. The Company also engaged GRA Enterprises LLC for investor relations and marketing services under an April 25, 2025 agreement for six months, for a fee of US$50,000.
Drill resultsFirst Mining Announces Year-End 2024 Financial Results and Operating Highlights
Fourth quarter and annual financial results for the year ended December 31, 2024 were reported, with cash and current investments of $13.7 million at December 31, 2024 and an equity interest in PC Gold Inc. (Pickle Crow Project) of $21.5 million. The year included submission of the final EIS/EA for the Springpole Gold Project in northwestern Ontario in November 2024 and a Federal Conformity Determination announced December 3, 2024. Darren Prins was appointed interim CFO effective March 31, 2025, as CFO Lisa Peterson begins maternity leave around April 4, 2025.
CorporateFirst Mining Receives Final US$5 Million Payment from First Majestic in Connection with Springpole Gold Project Silver Stream
A final US$5 million cash payment has been received from First Majestic Silver Corp. under the silver stream over the Springpole Gold Project in northwestern Ontario, following a March 13, 2025 amending agreement setting the Tranche 3 Payment at US$5 million payable on or before March 31, 2025. In consideration, the 32,050,228 warrants issued to First Majestic on July 2, 2020 were repriced from $0.374 to $0.20 and extended to March 31, 2028, with an acceleration right if shares close at or above $0.30 for 45 consecutive trading days.
FinancingFirst Mining Announces Agreement with First Majestic Silver to Accelerate Final Springpole Silver Stream Payment and Amend Warrant Terms
An amending agreement with First Majestic Silver changes the final Tranche 3 payment under the June 10, 2020 silver purchase agreement covering the Springpole Gold Project in northwestern Ontario to a cash-only US$5 million payable by March 31, 2025. In exchange, the 32,050,228 warrants issued to First Majestic on July 2, 2020 will be repriced from $0.374 to $0.20 and extended from July 2, 2025 to March 31, 2028. First Mining may accelerate expiry if shares close at or above $0.30 for 45 consecutive trading days; the TSX has granted conditional approval.
CorporateFirst Mining Provides Update on 2025 Exploration Program at the Duparquet Gold Project and Mobilizes First Drilling Rig
A roughly 18,000 m exploration drill program is planned for 2025 at the Duparquet Gold Project in Quebec's Abitibi region, with the first rig mobilizing in the first week of March 2025 for a Phase 3B winter program of about 3,000 m targeting Miroir, CVD, East Extension and a regional target; a second rig is planned for Q2 2025 for a further 15,000 m. Final 2024 assays from three holes included 5.2 m at 4.02 g/t Au and 1.15 m at 11.07 g/t Au.
Drill resultsFirst Mining Confirms Mineralization Expansion Opportunity within Existing Springpole Gold Project Pit Design at its East Extension Target
Final results from the 2024 East Extension Phase 1 diamond drilling program at the Springpole Gold Project in northwestern Ontario, a five-hole, 2,293 m campaign, returned 0.75 g/t Au and 3.30 g/t Ag over 134.2 m and 0.67 g/t Au and 12.79 g/t Ag over 105.4 m in hole SP24-011. The target lies within the current Pre-Feasibility Study open-pit footprint, offering potential to reclassify waste as ore. Results will be integrated into an updated 3D model in 2025.
Drill resultsFirst Mining Expansion Target Drilling Identifies Two New Gold Discoveries at the Duparquet Gold Project
Phase 3 diamond drilling at the Duparquet Gold Project in Quebec identified two new gold zones near the Valentre target: the Miroir Zone, 225 m north, returning 3.12 g/t Au over 19.35 m including 5.47 g/t Au over 9.6 m in hole DUP24-048, and the Aiguille Zone, 150 m south, returning 8.99 g/t Au over 3.1 m in DUP24-044. The 2024 CVD program totalled 16 holes and 4,644 m, with 142 mineralized intercepts. Further drilling at both zones is planned for 2025.
Drill results
202424 releases
First Mining Announces Positive Federal Conformity Determination for the Springpole Gold Project Final Environmental Impact Statement
The Impact Assessment Agency of Canada issued a positive conformity determination for the Final Environmental Impact Statement for the Springpole Gold Project in northwestern Ontario, submitted on November 4, 2024, confirming the work meets federal EIS guidelines. The Final EIS now enters a technical review phase, which is expected to conclude in Q4 2025.
CorporateFirst Mining Further Defines Buzz Zone and North Zone Expansion Targets at the Duparquet Gold Project
Drilling from the 2024 Phase 3 program at the Duparquet Gold Project in Quebec returned 1.55 g/t Au over 15.4 m, including 3.08 g/t Au over 5.3 m, in hole DUP24-028 at the Buzz Zone, and 1.19 g/t Au over 35.3 m plus 2.63 g/t Au over 14.0 m in DUP24-029. At the North Zone, DUP24-032 returned 4.00 g/t Au over 5.70 m, including 6.65 g/t Au over 2.0 m, supporting a 130 m eastward strike extension. Six holes totalling 4,194 m were drilled; 4,557 m of results remain outstanding, expected in Q4 2024.
Drill resultsFirst Mining identifiziert Ressourcenwachstumsmöglichkeit bei Eastern Extension auf dem Goldprojekt Springpole
Drill hole SP24-007 at the East Extension target on the Springpole gold project in northwestern Ontario returned 0.83 g/t Au and 8.02 g/t Ag over 52.50 m, 0.61 g/t Au and 4.66 g/t Ag over 46.50 m, and 6.46 g/t Au and 34.87 g/t Ag over 1.10 m. Five holes totalling 2,293 m have been completed since September 2024, with results from the remaining four pending by year-end.
NewsFirst Mining Identifies Eastern Extension Resource Growth Opportunity at the Springpole Gold Project
The first hole of the 2024 Phase 1 East Extension drill program at the Springpole Gold Project in northwestern Ontario returned 0.83 g/t Au and 8.02 g/t Ag over 52.50 m, 0.61 g/t Au and 4.66 g/t Ag over 46.50 m, and 6.46 g/t Au and 34.87 g/t Ag over 1.10 m in hole SP24-007. Five holes totalling 2,293 m have been completed since September 2024, with assays from the remaining four pending, expected through year end.
NewsFirst Mining Announces Positive Initial Review by Best Practice Independent Geotechnical and Tailings Review Board for the Springpole Gold Project
An Independent Geotechnical and Tailings Review Board has been formally established for the Springpole Gold Project in northwestern Ontario, composed of Peter Lighthall, P.Eng., Ward Wilson, Ph.D, P.Eng., and John Lupo, Ph.D, P.E., each with over 40 years of experience. The board, initiated in 2023 and formalized in 2024, reviewed the updated Pre-Feasibility Study design for the Co-Disposal Facility and stated the work completed to date meets its expectations. Its reports are included in Appendix V of the final Environmental Impact Statement/Environmental Assessment.
NewsFirst Mining Announces 2024 Third Quarter Financial Results and Operating Highlights
Third quarter financial results for the period ended September 30, 2024 show cash and current investments of $13.8 million and a $21.5 million equity interest in PC Gold Inc. (Pickle Crow), a combined carrying value of $35.3 million. The company closed a $8,050,023 bought deal on September 26, 2024 and a $7,352,600 non-brokered private placement on October 10, 2024, both at $0.135 per unit. The final EIS/EA for the Springpole Gold Project in northwestern Ontario was submitted on November 5, 2024.
CorporateFirst Mining meldet die Einreichung der endgültigen Umweltverträglichkeitserklärung/ Umweltverträglichkeitsprüfung für das Goldprojekt Springpole
The final Environmental Impact Statement/Environmental Assessment for the Springpole gold project in northwestern Ontario has been submitted, completing two and a half years of consultation since the draft EIS/EA was filed in May 2022. The document draws on more than 14 years of research and assesses over 20 ecological and socio-economic factors. Next steps include an IAAC conformity review and provincial and federal public comment periods expected to close in Q1 2025, with the full EIS/EA process expected to conclude in Q4 2025.
CorporateFirst Mining Announces the Submission of its Final Environmental Impact Statement / Environmental Assessment for the Springpole Gold Project
The Final Environmental Impact Statement / Environmental Assessment for the Springpole Gold Project in northwestern Ontario has been submitted, following the draft EIS/EA filed in May 2022. The Project is being assessed by the Impact Assessment Agency of Canada under CEAA 2012 and by Ontario's Ministry of Environment, Conservation and Parks. Next steps include an IAAC conformity review and a public comment period expected to close in Q1 2025, with the full process anticipated to conclude in Q4 2025.
CorporateFirst Mining unterzeichnet Prozessvereinbarung mit der Cat Lake First Nation und der Lac Seul First Nation zur Unterstützung der Folgenabschätzung unter der Leitung der Anishinaabe
A process agreement has been signed with Cat Lake First Nation and Lac Seul First Nation to provide capacity support for an Anishinaabe-led, community-based impact assessment (ALIA) at the Springpole gold project in northwestern Ontario. The agreement provides a framework for procedural clarity and engagement on the project. First Mining has begun a feasibility study at Springpole, where permitting is underway and a draft Environmental Impact Statement was released in June 2022.
CorporateFirst Mining Signs Process Agreement With Cat Lake First Nation and Lac Seul First Nation Supporting Anishinaabe-Led Impact Assessment
A Process Agreement has been signed with Cat Lake First Nation and Lac Seul First Nation to provide capacity support for a community-based Anishinaabe-Led Impact Assessment (ALIA). The agreement sets a framework for First Mining, Cat Lake and Lac Seul to participate in the review of the Springpole Gold Project in northwestern Ontario, where a Feasibility Study has commenced and a draft Environmental Impact Statement was published in June 2022.
CorporateFirst Mining Closes Upsized $7.4 Million Equity Financing
An upsized non-brokered private placement closed for gross proceeds of approximately $7.4 million, with 54,463,706 units issued at $0.135 per unit. Each unit comprises one common share and one-half warrant, each whole warrant exercisable at $0.20 for 36 months from closing. Net proceeds are intended to advance the Springpole gold project in northwestern Ontario and the Duparquet gold project in Quebec, plus general working capital and corporate purposes, subject to TSX final approval.
FinancingFirst Mining Announces Closing of C$8 Million Bought Deal Financing Including the Full Exercise of Over-Allotment Option
A bought deal public offering of 59,629,800 units at $0.135 per unit closed for gross proceeds of $8,050,023, including full exercise of the underwriters' over-allotment option of 7,777,800 units. Each unit comprises one common share and one-half warrant exercisable at $0.20 per share for 36 months from closing. Net proceeds will advance the Springpole and Duparquet gold projects and fund general working capital and corporate purposes.
FinancingFirst Mining Announces $7 Million Bought Deal Public Offering and Non-Brokered Private Placement
A bought deal public offering of 51,852,000 units at $0.135 per unit for gross proceeds of approximately $7 million has been agreed with underwriters co-led by Cormark Securities and Haywood Securities, with a 15% over-allotment option exercisable for 30 days after closing. First Mining also intends a non-brokered private placement of units for up to $5 million. Each unit includes one common share and one-half warrant exercisable at $0.20 for 36 months. Proceeds will advance the Springpole and Duparquet gold projects and general working capital. The bought deal is expected to close on or before September 26, 2024, and the non-brokered offering by October 10, 2024.
FinancingFirst Mining Expands and Advances High-Grade Gold Discovery at its Birch-Uchi Greenstone Belt Exploration Project
Assay results from the 2024 field program at the Challenger target on the Birch-Uchi Greenstone Belt Exploration Project in northwestern Ontario include channel sampling of 6.53 g/t Au over 3 m, including 57.80 g/t Au over 0.3 m, and grab samples up to 26.6 g/t Au, 20.3 g/t Au and 7.73 g/t Au. Four new gold occurrences with visible gold were identified near the 2023 discovery, 12 km southwest of the Springpole Gold Project. The program completed 8 km of mapping transects, 40 channel, 59 grab and 289 soil samples.
Drill resultsFirst Mining Further Defines Expansion Opportunity and Adds Second Drill Rig at the Duparquet Gold Project
Phase 3 diamond drilling at the Valentre target on the Duparquet Gold Project in Quebec returned 3.98 g/t Au over 8.70 m in hole DUP24-026 and 1.82 g/t Au over 14.35 m in DUP24-027, confirming mineralization continuity across the 175 m untested strike between the Central Duparquet and Dumico resource pit shells. About 5,700 m has been drilled since April, with 12 further Valentre holes planned and a second drill rig mobilizing in September.
Drill resultsFirst Mining gibt Finanzergebnisse und operative Highlights des zweiten Quartals 2024 bekannt
Financial results for the second quarter ended June 30, 2024 were reported, with cash and short-term investments of $13.2 million and a holding in PC Gold Inc. (Pickle Crow project) of $21.5 million, for a combined book value of $34.7 million. In June, an upsized flow-through financing closed for gross proceeds of about $7 million to fund exploration in Ontario and Quebec. At Springpole in northwestern Ontario, a final environmental impact statement is planned for submission in 2024.
CorporateFirst Mining Announces 2024 Second Quarter Financial Results and Operating Highlights
Second quarter financial results for the period ended June 30, 2024 show cash and current investments of $13.2 million and an equity interest in PC Gold Inc. (Pickle Crow) of $21.5 million, a combined carrying value of $34.7 million. Quarterly highlights include closing an upsized flow-through financing for approximately $7 million, completion of a 2,856 metre Phase 2 winter drill program at Duparquet, Quebec with a 9,000 metre Phase 3 program underway, and planned submission of a final EIS/EA for Springpole, Ontario in 2024.
CorporateFirst Mining Publishes Third Annual ESG Report
First Mining Gold has published its third annual ESG report, covering 2023 and drafted with consideration of SASB reporting standards. Highlights include 0 total recordable injury cases and 174 hours of health and safety training, a workforce that is 43% female and 19% self-identified Indigenous, completion of local Caribou and Wolverine habitat assessments, over $4.7 million spent locally on goods and services and $1.3 million in capacity support to Indigenous communities. The company plans to submit its final environmental assessment document for the Springpole Gold Project in Ontario in 2024.
CorporateFirst Mining Provides Update on Temporary Winter Road for Springpole Exploration
A settlement agreement has been reached between the parties in the judicial review filed by Cat Lake First Nation over Ontario's approval of permits for an 18-km temporary winter access road to the Springpole exploration camp in northwestern Ontario. Cat Lake First Nation accepted a settlement offer proposed by the Ontario Ministry of Natural Resources and Forestry on June 17, 2024, and the agreement was filed with the court, ending the judicial review process. Construction permits had been received February 9, 2024, with an interim order staying the authorization issued February 23, 2024.
CorporateFirst Mining Announces Voting Results from 2024 AGM
Shareholders approved all matters at First Mining Gold's annual general meeting held in Vancouver on June 20, 2024, with 255,213,257 common shares represented, or 27.79% of outstanding shares as at the April 29, 2024 record date. All five director nominees were elected: Keith Neumeyer (98.11% for), Raymond Polman (98.12%), Daniel W. Wilton (97.82%), Richard Lock (97.88%) and Leanne Hall (97.40%). The appointment of the auditor was carried with 252,201,875 votes for, or 98.82%.
CorporateFirst Mining Identifies Multiple High-Grade Gold Zones in Duparquet Exploration Drilling
Drilling at the Duparquet Gold Project in Quebec returned multiple gold intervals in hole DUP24-024, including 10.67 g/t Au over 5.3 m, 6.63 g/t Au over 9.0 m, 3.04 g/t Au over 33.5 m and 5.97 g/t Au over 33.0 m (including 9.63 g/t Au over 4.2 m and 14.43 g/t Au over 6.0 m). The Phase 2B winter program, concluded in April 2024, comprised seven holes totalling 2,856 m; mineralization occurs in newly identified mafic volcanic units not previously modelled. Phase 3 drilling is ongoing.
Drill resultsFirst Mining Closes Upsized $7 Million Flow-Through Equity Financing
An upsized, non-brokered private placement of flow-through shares closed for aggregate proceeds of approximately $7 million, comprising 31,212,121 national flow-through shares at $0.165 and 10,000,000 Québec flow-through shares at $0.18. Proceeds will fund qualifying exploration expenditures at First Mining Gold's Springpole project in northwestern Ontario and Duparquet project in Québec, to be renounced to subscribers effective no later than December 31, 2024. Shares carry a four month and one day hold period, and final TSX approval is still required.
FinancingFirst Mining Announces up to $5 Million Flow-Through Equity Financing
A non-brokered private placement of flow-through shares for aggregate proceeds of up to $5 million is planned, consisting of up to 24,242,424 national flow-through common shares at $0.165 each and 11,111,111 Quebec flow-through common shares at $0.18 each. Proceeds will fund exploration programs qualifying as Canadian exploration expenses and flow-through mining expenditures, with Quebec shares qualifying under Quebec's Taxation Act. Closing is expected on or before June 14, 2024, subject to documentation and TSX approval, with a four-month-and-one-day hold period.
FinancingFirst Mining Announces Initial 2024 Duparquet Exploration Drilling Results
Initial results from the seven-hole, 2,856 m Phase 2B winter diamond drilling program at the Duparquet Gold Project in Quebec include DUP24-018 returning 3.11 g/t Au over 13.16 m, 20.00 g/t Au over 0.69 m and 1.53 g/t Au over 14.15 m, and DUP24-019 returning 3.07 g/t Au over 10.32 m and 3.19 g/t Au over 4.53 m at the North Zone. At the Rex Target, DUP24-021 returned 0.73 g/t Au over 3.85 m; DUP24-020 had no significant results. Further assays are pending.
Drill results
20231 release
First Mining verkauft nicht zum Kerngeschäft gehörendes Lizenzportfolio für 6,7 Mio. CAD
First Mining Gold hat eine endgültige Vereinbarung über den Verkauf seines nicht zum Kerngeschäft gehörenden Lizenzgebührenportfolios an Elemental Altus Royalties für insgesamt rund 6,7 Mio. CAD abgeschlossen, bestehend aus 4,7 Mio. CAD in bar und 1.598.162 Stammaktien von Elemental Altus. Das Portfolio umfasst 19 Lizenzgebühren in vier Ländern, darunter eine 2,0%ige NSR auf das Goldprojekt Pickle Crow (Ontario) und eine 1,5%ige NSR auf das Goldprojekt Hope Brook. Der Abschluss wird vorbehaltlich der TSXV-Genehmigung bis zum 14. Februar 2023 erwartet.
Acquisition
20222 releases
First Mining ernennt neuen Chief Financial Officer
Lisa M. Peterson has been appointed Chief Financial Officer of First Mining Gold Corp., effective September 16, 2022. She replaces Andy Marshall, who is resigning from his role effective August 12, 2022, to take another opportunity in the mining industry. Peterson has more than 14 years of experience across mining, renewable energy, infrastructure and professional services, most recently as CFO at Libero Copper & Gold Corporation and Zacapa Resources Corporation, and previously held roles at Barrick Gold, KGHM and KPMG.
ManagementFirst Mining gibt Ernennung von neuem Chief Operating Officer bekannt
Jeff Reinson has been appointed Chief Operating Officer of First Mining Gold Corp., effective March 28, 2022. He has more than 25 years of project management and engineering experience, most recently as Interim General Manager of Greece Operations at Eldorado Gold, and previously as Vice President, Project Development at Bluestone Resources and Project Director at Goldcorp's Peñasquito mine. First Mining has begun a feasibility study at its Springpole gold project in northwestern Ontario, with a draft environmental impact statement planned for 2022.
Management