Latest news with #FirstMining
Cision Canada
19 hours ago
- Business
- Cision Canada
First Mining Announces Upsized $12 Million Public Offering for a Total Offering of up to $27 Million
Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ VANCOUVER, BC, July 15, 2025 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that, in connection with its previously announced public offering (the " Public Offering"), it has entered into an amended agreement with Haywood Securities Inc., on behalf of a syndicate of agents (collectively, the " Agents"), to increase the size of the Public Offering to up to 66,670,000 units of the Company (the " Units") at a price of $0.18 per Unit (the " Unit Offering Price") for aggregate gross proceeds to the Company of up to $12,000,060. Each Unit will consist of one common share of the Company (a " Unit Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at a price of $0.27 per share at any time prior to the date which is 36 months following the applicable closing date. The Units issuable under the Public Offering will be offered pursuant to a prospectus supplement (the " Supplement") to the Company's base shelf prospectus dated January 23, 2024 (the " Shelf Prospectus"). The terms of the Public Offering will be described in the Supplement which will be filed with the securities regulators in each of the provinces and territories of Canada (excluding Quebec) and the Units may also be offered by way of private placement in the United States and in offshore jurisdictions in accordance with applicable securities laws. In addition, the Company intends to complete a non-brokered private placement of up to 55,600,000 Units at the Unit Offering Price and up to 22,730,000 flow-through units (the " FT Units") at a price of $0.22 per FT Unit for total gross proceeds of up to $15,008,600 (the " Non-Brokered Offering" and together with the Public Offering, the " Offering"). Combined the Company expects to receive gross proceeds of up to $27,009,200 upon completion of the Offering. Each FT Unit will consist of one FT Share (a " FT Share") and one-half of a Warrant. Each FT Share will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and will be offered on a private placement basis to accredited investors in each of the provinces of Canada except Quebec) pursuant to applicable prospectus exemptions in accordance with NI 45-106. All securities issued in connection with the Non-Brokered Offering will have a statutory hold period of four months and one day from the closing date. The net proceeds from the sale of Units under the Offering will be used to advance First Mining's Springpole and Duparquet gold projects, as well as for general working capital and corporate purposes, as to be disclosed in the Supplement. The gross proceeds from the sale of FT Units will be used to incur eligible "Canadian exploration expenses" that qualify as "flow through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (" Qualifying Expenditures") related to the Springpole and Duparquet gold projects on or before December 31, 2026. All Qualifying Expenditures will be renounced with an effective date no later than December 31, 2025 to the initial purchasers of the FT Units. The Public Offering is expected to close on or about July 22, 2025 and the Non-Brokered Offering is expected to close on or before August 5, 2025. The closing of the Offering is subject to certain conditions, including but not limited to, the Company receiving the approval of the Toronto Stock Exchange (the " TSX"). Access to the Shelf Prospectus, the Supplement and any amendments to such documents are provided in accordance with securities legislation relating to procedures for providing access to a base shelf prospectus, a shelf prospectus supplement and any amendment to such documents. The Shelf Prospectus is accessible, and the Supplement will be accessible within two business days from the date hereof, on SEDAR+. An electronic or paper copy of the Supplement, the Shelf Prospectus and any amendment to the documents may be obtained, without charge, from Haywood Securities Inc. by email at [email protected] and by providing the contact with an email address or address, as applicable. The Units and FT Units offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units and/or FT Units in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2025, and the Duparquet Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.). First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. ON BEHALF OF FIRST MINING GOLD CORP. Chief Executive Officer and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the closing of the Offering and the timing of same, the upsize of the Public Offering, the amount of proceeds expected to be raised pursuant to the Offering, the use of the proceeds of the Offering, , and the Company's intention to complete the Non-Brokered Offering. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation, the Company's ability to obtain all approvals required in connection with the Offering, demand for the Units and FT Units, the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR. First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
Cision Canada
2 days ago
- Business
- Cision Canada
First Mining Discovers Significant New Gold Zone for Immediate Expansion at the Duparquet Gold Project Français
Minuit Discovery – A Newly Discovered Gold Zone located 75 m north of historical Donchester Mine DUP25-059 returns 2.25 g/t Au over 12.8 m, including 4.08 g/t Au over 4.0 m Zone 3 Exploration Update – Drilling continues to confirm the main Duparquet resource DUP25-059 intersects 1.21 g/t Au over 60.2 m including 4.1 g/t Au over 4.3 m VANCOUVER, BC, July 14, 2025 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce additional drilling results from the 2025 drilling program at its Duparquet Gold Project (" Duparquet Project" or the " Project") located in the Abitibi region of Quebec, Canada. The Company has been actively drilling with two drill rigs on the Duparquet Project since March 2025 as part of an estimated 18,000 m of drilling this year. Highlights from the recent drilling include the newly discovered "Minuit" zone, located 75 m north of the historical Donchester Mine, that returned multiple significant intercepts in drill hole DUP25-059, highlighted by 2.25 g/t Au over 12.8 m, including 4.08 g/t Au over 4.0 m. The discovery was made via a drill hole targeting a western down-dip extension of the South Zone which successfully encountered strong mineralization within an underexplored area located approximately 75 m into the footwall of the past-producing Donchester Mine. This new discovery zone indicates significant upside potential for the Project as it geologically aligns with key supporting geoscience elements that were also encountered in prior drill hole DUP23-003 which returned 3.47 g/t Au over 7.75 m and is located 315 m to the west of DUP25-059 (Figure 1). Once modeled, these holes collectively identified a newly discovered offset gold zone that remains open for meaningful exploration growth. In addition to the new discovery, drill hole DUP25-059 further returned an impressive intersection of 1.21 g/t Au over 60.2 m, including 4.1 g/t Au over 4.3 m, within Zone 3 of the Project's current resource area, validating large scale continuity of modelled gold mineralization striking east-west at the southern contact of the Beattie Syenite. "Our teams continue to make new discoveries in what is perceived to be a mature, well-drilled gold project," stated Dan Wilton, CEO of First Mining. "The Duparquet Gold Project continues to demonstrate significant growth potential as our team delineates new zones of mineralization, now including Minuit, Miroir, Aiguille, Valentre, North Zone and South Zone. We see the Duparquet Gold Project emerging as one of the largest gold deposits in the Abitibi with continued room for additional resource growth adding to the attractiveness of what is already a very robust and long-lived potential project." Assay highlights from the Zone 3 and Minuit Zone in DUP25-059 are shown in Table 1, with a full list of assays returned in Table 2 and collar details in Table 3. Table 1: Selected Significant Drill Intercepts, 2025 Program – Minuit and Zone 3 Targets *Reported intervals are drilled core lengths (true widths are estimated at 50 -85% of the core length interval; assay values are uncut) Duparquet 2025 Exploration Program Update Exploration activities are ongoing at the Duparquet Project with ~9,300 m drilled in 2025 to date, reaching the halfway mark of the proposed 18,000 m, two drill rig program for the year. Drilling activities have been focused on the resource expansion targets (Figure 2) such as the South Zone, Miroir, Aiguille, and North Zone, with additional follow-up drilling planned for Minuit as well as prospective regional targets for the remainder of the program. Regional field work programs are continuing in parallel to support further target development for future drill readiness. Additional Details on the Minuit and Zone 3 Targets Minuit The "Minuit Zone" was identified during exploration efforts targeting the extension of the mineralization trend beneath the historical Donchester Mine. The historical Beattie mine operated from 1933 to 1956 and produced over 1.24 million ounces of gold at an average grade of 4.01 g/t. The historical mine consisted of three main areas - the Beattie mine, North Donchester, and South Donchester. The South Donchester area focused on the Beattie Syenite's southern mineralized zone. Favourable mineralization was intercepted earlier than expected in DUP25-059, leading to the discovery of the new Minuit Zone, which is interpreted to be a new zone of mineralization 75 m north of the historical Donchester underground mine workings. Drill hole DUP25-059 returned 2.25 g/t Au over 12.8 m, including 4.08 g/t Au over 4.0 m, and the mineralization is hosted within a highly altered intensely silicified and mineralized syenite unit with up to 10% very fine-grained disseminated pyrite and 5% background quartz carbonate veining (Figure 3). The "Minuit syenite" unit demonstrates a similar width and bounding stratigraphy to that of the historical Donchester Mine syenite, which is bounded by intermediate to mafic volcanics. The locality of the drilled intercept and newly discovered zone is interpreted to be due to a 45˚offsetting geological structure with a sinistral dip-slip component and offset of 75 m to the north. Minuit is located on the footwall side of this feature which is coincident with the western limits of the historical mine workings (Figures 1 and 4). The structure has been characterized as a gouge to brecciated zone with intense shearing and coincident late milky quartz veining. The newly interpreted structure demonstrates the unlocking of a new open-ended exploration target. The target is currently interpreted to extend 315 m to the west of DUP25-059 towards DUP23-003 as the Minuit discovery hole exhibits similar host lithology setting, mineralization and structure to that intersected in DUP23-003 which returned 3.47 g/t Au over 7.75 m (Figures 1 and 4). Follow-up exploration drilling will focus on further evolving the interpretation and extent of the target up- and down-dip as well as along strike. The purpose of drill hole DUP25-059 was to target an extension of the open-ended South Zone and even though the hole did not intersect the target at the projected position due to the unexpected offsetting structure, there is still strong evidence supporting the open-ended nature of the South Zone target on the hanging wall (west side) of the structure which will be followed up in upcoming drill programs. Zone 3 The Zone 3 modelled resource wireframe intersected in drill hole DUP25-059 is located within the inferred category portion of the current mineral resource. Drill hole DUP25-059 returned favourable results of 1.21 g/t Au over 60.2 m, including 8.01 g/t Au over 0.5 m and including 4.1 g/t Au over 4.3 m (Figures 3 and 4). Mineralization in this intercept is hosted within moderately silica- and sericite-altered and brecciated syenite with up to 2% very fine-grained pyrite mineralization. These recent drill results further validate the current resource model and extent of continuity in mineralization that is hosted within the Duparquet Gold Project. Table 2: Complete Assay Results from DUP25-059 *Reported intervals are drilled core lengths (true widths are estimated at 50 -85% of the core length interval; assay values are uncut) Table 3: DUP25-059 Hole Location Hole ID Azimuth (°) Dip (°) Length (m) Easting Northing DUP25-059 180 -65 729 631639 5374493 Note: Collar coordinates in UTM NAD 83 z17 About the Duparquet Gold Project The Duparquet Project is geologically situated in the southern part of the Abitibi Greenstone Belt and is geographically located approximately 50 km north of the city of Rouyn-Noranda. The Project benefits from easy access and proximity to an existing workforce and infrastructure, including road, rail and hydroelectric grid power. The Duparquet Project currently hosts an NI 43-101 compliant gold resource of 3.44 million ounces in the Measured & Indicated category, grading 1.55 g/t Au, and an additional 2.64 million ounces in the Inferred category, grading 1.62 g/t Au. First Mining completed a Preliminary Economic Assessment 1 (" PEA") on the Project in 2023. The Duparquet Project totals approximately 5,800 hectares focused on an area of 19 km of strike length along the prolific Destor-Porcupine Fault Zone, along with numerous mineralized splays and influential secondary lineaments. The Duparquet Project includes the past-producing Beattie, Donchester and Duquesne mines as well as the Central Duparquet, Dumico and Pitt Gold deposits. 1 Further details on the Duparquet PEA can be found in the technical report entitled "NI 43-101 Technical Report: Preliminary Economic Assessment, Duparquet Gold Project, Quebec, Canada" dated October 20, 2023, which was prepared for First Mining by G Mining Services Inc. in accordance with NI 43-101 and is available under First Mining's SEDAR+ profile at Analytical Laboratory and QA/QC Procedures All sampling completed by First Mining within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Core samples from the 2025 drilling program at Duparquet were sent to AGAT Laboratories, with sample preparation in Val d'Or, Quebec and analysis in Thunder Bay, Ontario, where they were processed for gold analysis by 50 gram fire assay with an atomic absorption finish. Samples from selected holes were sent to AGAT Laboratories in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four acid digest. AGAT Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101. Qualified Person James Maxwell, VP, Exploration and Project Operations for First Mining, is a "Qualified Person" for the purposes of NI 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this news release. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.). First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. ON BEHALF OF FIRST MINING GOLD CORP. Daniel W. Wilton Chief Executive Officer and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR. First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law. Cautionary Note to United States Investors The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
Cision Canada
07-07-2025
- Business
- Cision Canada
First Mining Announces Sale of 20% Interest in Hope Brook Gold Project
VANCOUVER, BC, July 7, 2025 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has entered into an agreement with Big Ridge Gold Corp. (TSXV: BRAU) (" Big Ridge") to sell its remaining 20% project interest in the Hope Brook Gold Project (" Hope Brook") for total consideration comprised of C$3,000,000 in cash and 7,000,000 common shares of Big Ridge (the " Transaction"). "We are very excited to come to an agreement with Big Ridge for them to consolidate 100% ownership of the Hope Brook Gold Project," stated Dan Wilton, CEO of First Mining. "This transaction continues to demonstrate the financial flexibility that our non-core asset portfolio can provide as we look to advance our two flagship projects at Springpole and Duparquet. First Mining will retain exposure to the Hope Brook Gold Project as a shareholder of Big Ridge and look forward to its continued success." The Transaction is expected to close in Q3 2025. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.). First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. ON BEHALF OF FIRST MINING GOLD CORP. Chief Executive Officer and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the closing of the Transaction, First Mining's exposure to Hope Brook, and First Mining's plans related to its Springpole, Duparquet and other projects. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's ability to close the Transaction, the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR. First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
Yahoo
04-07-2025
- Business
- Yahoo
Mishkeegogamang First Nation and First Mining Gold sign Springpole agreement
Mishkeegogamang First Nation and First Mining Gold have entered a long-term relationship agreement (LTRA) for the Springpole gold project in northwestern Ontario, Canada. The agreement outlines a cooperative framework for the development, operation and closure of the project, ensuring environmental respect and benefits for the First Nation. The agreement, signed following a process agreement in 2021, was crafted through community-based consultations to incorporate the First Nation's interests and address their concerns comprehensively. Mishkeegogamang First Nation chief Merle Loon stated: 'This agreement is the result of a five-year process of technical review, traditional knowledge study and relationship building with First Mining. 'The agreement ensures that Mishkeegogamang's interests will be represented in the development and operation of the Springpole Project and will deliver long-term value by creating concrete opportunities for our community and our members. Together with First Mining, we are shaping the direction of a modern and long-term collaboration that is in keeping with our values.' The LTRA encompasses aspects of the Springpole project's lifecycle, ensuring Mishkeegogamang's involvement in environmental management and monitoring, the application of adaptive management strategies, and measures to enhance training and employment opportunities for the community. The agreement provides for the First Nation's equity stake and participation in the economic success of the project, and promotes business opportunities throughout the construction and operational phases of the mine. Crucially, the LTRA recognises Anishnaabe culture, incorporating cultural safety measures. It also details the financial benefits sharing arrangement from the Springpole project, ensuring that the First Nation receives direct economic advantages from the project's progression. First Mining CEO Dan Wilton stated: 'I would like to thank the Mishkeegogamang community and their leadership for the many years of hard work that they have put into information sharing, understanding and helping us shape and improve the plans for Springpole. 'This modern agreement provides clear avenues for Mishkeegogamang's participation in the development and operation of the project from an environmental, cultural, economic and business opportunities perspective. We thank the leadership of Mishkeegogmang for their openness, collaboration and trust and look forward to continuing to advance the project as long-term partners.' "Mishkeegogamang First Nation and First Mining Gold sign Springpole agreement" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Cision Canada
03-07-2025
- Business
- Cision Canada
Mishkeegogamang First Nation and First Mining Sign Long Term Relationship Agreement for the Development of the Springpole Gold Project
Agreement setting out the significant participation of Mishkeegogamang First Nation in the responsible development of the Springpole Gold Project in a way that seeks to minimize impacts on the environment and provides direct benefits to the community Enhanced collaboration on aspects related to the environment, training, employment, business opportunities, and financial benefits Agreement signed following a community-based consultation process Commitment to a long-term, mutually beneficial relationship based on respect, inclusion, sustainability and responsibility MISHKEEGOGAMANG FIRST NATION, ON, July 3, 2025 /CNW/ - Mishkeegogamang First Nation ("Mishkeegogamang", or the "First Nation") and First Mining Gold Corp. (" First Mining" or the " Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) are proud to announce that they have signed a Long Term Relationship Agreement (the " Agreement" or " LTRA") covering the Springpole Gold Project (the " Springpole Project", or the " Project"), located in northwestern Ontario. The Agreement sets out a collaborative approach for the development of one of Canada's largest gold resources, through construction, operations, and closure, in a manner that respects the environment and provides direct benefits to the First Nation. Merle Loon, Chief of Mishkeegogamang First Nation, stated: "This agreement is the result of a five-year process of technical review, traditional knowledge study and relationship building with First Mining. The agreement ensures that Mishkeegogamang's interests will be represented in the development and operation of the Springpole Project and will deliver long term value by creating concrete opportunities for our community and our members. Together with First Mining, we are shaping the direction of a modern and long-term collaboration that is in keeping with our values." Dan Wilton, CEO of First Mining, stated: "I would like to thank the Mishkeegogamang community and their leadership for the many years of hard work that they have put into information sharing, understanding and helping us shape and improve the plans for Springpole. This modern agreement provides clear avenues for Mishkeegogamang's participation in the development and operation of the Project from an environmental, cultural, economic and business opportunities perspective. We thank the leadership of Mishkeegogmang for their openness, collaboration and trust and look forward to continuing to advance the Project as long-term partners." Following a process agreement signed in 2021 between Mishkeegogamang and First Mining, the LTRA was negotiated along with a community-based consultation process to ensure that the interests and concerns of the First Nation were taken into account. The LTRA includes provisions for Mishkeegogamang to take part in the Project's environmental management and monitoring, the implementation of adaptive management and preferential training and employability measures, equity and participation in the economic upside of the Project, the promotion of business opportunities during the mine's construction and operations, as well as the recognition of Anishnaabe culture and the inclusion of cultural safety measures. The LTRA also sets out the sharing of financial benefits from the Springpole Project. About Mishkeegogamang First Nation The people of Mishkeegogamang Ojibway Nation live in northwestern Ontario, around the area where the Albany River meets Lake St. Joseph. Today, just over 900 people live on its two reserves, while about 500 live off the reserve, either on Crown Land or in other communities. The traditional territory of the Mishkeegogamang Ojibway extends to the north, south, east and west, beyond the boundaries of Reserves 63A and 63B. The traditional territory is made up of the communities of the Main Reserve, Bottle Hill, Poplar Heights, Sandy Road, Doghole Bay, Rat Rapids, Cedar Rapids, Ten Houses, Eric Lake, Ace Lake, Metcalfe, Pashkokogan, Mile 50, Fitchie Lake, Mile 42, Mile 29, Menako, and the shores of Lake St. Joseph. Mishkeegogamang changed back to its real name from "Osnaburgh" on November 15, 1993 by Band Council Resolution. The Sucker, Loon, Caribou, Sturgeon, and Bear clans are represented among Mishkeegogamang members. About two-thirds of the people in Mishkeegogamang speak and understand Ojibwe. The language is written in syllabics, and today it is also written using the English alphabet. Mishkeegogamang is a signatory to the James Bay Treaty No. 9. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.). First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. ON BEHALF OF FIRST MINING GOLD CORP. Daniel W. Wilton Chief Executive Officer and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR. First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law. Cautionary Note to United States Investors The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects. SOURCE First Mining Gold Corp.
