Welcome to our dedicated page for First Mining news (Ticker: FFMGF), a resource for investors and traders seeking the latest updates and insights on First Mining stock.
First Mining Gold Corp. (OTCQX: FFMGF) generates frequent news related to its Canadian gold development portfolio, with a focus on the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec. Company news releases, many of which are furnished to the SEC on Form 6-K, provide detailed updates on technical studies, exploration results, financings and community agreements.
News about Springpole includes announcements of an updated Pre-Feasibility Study and the filing of an NI 43-101 technical report that supports a 30,000 tonnes-per-day open pit operation. The company also reports on socio-economic analyses tied to the project’s updated PFS, describing potential employment, tax and gross domestic product contributions during construction, operations and closure phases. Updates on the Environmental Assessment process and a final Environmental Impact Statement/Environmental Assessment submission are also covered in its releases.
Coverage of the Duparquet Gold Project features regular exploration and drilling results from targets such as the Miroir, Aiguille, Central Duparquet–Valentre–Dumico, North Zone, South Zone and Minuit Zone. These articles summarize drill intercepts, discuss continuity of mineralization and outline how results are being integrated into geological and exploration models. Additional news highlights agreements with the City of Duparquet and other stakeholders.
Investors following FFMGF news can also expect updates on quarterly financial results, public and private offerings, project interest sales, and the company’s relationships with Indigenous communities, such as the Long-Term Relationship Agreement with Mishkeegogamang First Nation for Springpole. This news page brings together these disclosures so readers can review the company’s project development and corporate activities over time.
First Mining Gold Corp. announced the results of its annual general and special meeting held on June 30, 2021, where shareholders approved all resolutions, including the distribution of shares and warrants of Treasury Metals. A total of 283,475,512 common shares were represented, with 97.72% voting in favor of the Arrangement Resolution. All five director nominees were elected, receiving over 97% support. The company plans to seek final court approval for the distribution by July 5, 2021, ensuring all eligible shareholders receive their pro rata share of Treasury Metals' offerings.
First Mining Gold Corp. (OTCQX: FFMGF) announced it is unaware of any undisclosed material information following promotional activities concerning its common shares. Engaged by Future Money Trends, the Company aims to increase awareness about its upcoming share and warrant distribution related to Treasury Metals Inc. Expected to take place in mid-July 2021, the Company believes recent trading volume reflects investor interest in the Distribution. First Mining asserts that the promotional articles contain accurate information despite lacking editorial control over opinions expressed.
First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF) announced its 2021 annual general meeting (AGM) will be held virtually on June 30, 2021, at 10 a.m. (PT). Shareholders as of May 3, 2021 can vote using the provided forms. A key agenda item includes a special resolution for the distribution of shares and warrants of Treasury Metals Inc. to shareholders, following the sale of Goldlund. The distribution is viewed as a means to enhance shareholder value. Deadlines for proxy submissions are June 28, 2021.
On June 9, 2021, First Mining Gold Corp. (TSX: FF) announced that Auteco Minerals Ltd (ASX: AUT) has completed Stage 1 of its earn-in for the Pickle Crow Gold Project in Ontario, Canada, acquiring a 51% stake in PC Gold Inc. by issuing 100 million shares to First Mining, valued at approximately $10.5 million. Auteco is required to invest an additional $5 million and pay $1 million to complete Stage 2, which could increase its stake to 80%. The project is seeing active drilling, demonstrating strong progress toward resource definition and development.
First Mining Gold Corp. has completed a significant earn-in transaction with Big Ridge Gold Corp. regarding the Hope Brook Gold Project in Newfoundland, Canada. Big Ridge has acquired an 80% interest in Hope Brook by paying $500,000 and issuing 11.5 million shares of their stock, representing 19.8% of their outstanding shares. The earn-in process involves a total potential expenditure of $20 million over five years. This strategic partnership is aimed at unlocking considerable value in the highly prospective Hope Brook area.
First Mining Gold Corp. (TSX: FF) has entered an earn-in agreement with Whitefish Exploration to acquire a 100% interest in the Swain Lake property, located in Ontario. The deal involves two stages over five years, starting with a cash payment of $200,000 and share payments totaling $425,000, alongside $500,000 in expenditures within the first three years. The Swain Lake Property covers 1,640 hectares and is near First Mining's Springpole Gold Project. CEO Dan Wilton emphasized the potential of the Swain Lake Property, which has encouraging gold occurrences.
First Mining Gold Corp. has signed a definitive agreement with Big Ridge Gold Corp. for a partnership to advance the Hope Brook Gold Project in Newfoundland. Big Ridge can earn an 80% interest through a five-year, two-stage earn-in by spending $20 million, issuing shares, and providing cash payments. First Mining will retain a 1.5% net smelter returns royalty and maintain significant exposure with a 19% equity stake in Big Ridge. This collaboration aims to unlock value at Hope Brook, enhancing First Mining's project portfolio.
First Mining Gold Corp. announced that Auteco Minerals Ltd has met its Stage 1 $5 million expenditure requirement for the Pickle Crow Gold Project. This completion allows Auteco to issue 100,000,000 shares to First Mining, granting it a 51% interest in PC Gold Inc. First Mining anticipates receiving these shares by the end of April 2021. A major drill program of 45,000 meters is ongoing at Pickle Crow, with promising early results. After completing further expenditures, Auteco has the option to acquire an additional stake in PC Gold.
First Mining Gold Corp. has filed an independent Pre-Feasibility Study for its Springpole Gold Project, revealing a robust economic outlook. The study indicates a pre-tax net present value (NPV5%) of $1.5 billion at a gold price of $1,600/oz, with a 36% internal rate of return (IRR). The project is expected to produce an average of 335,000 ounces of gold annually over its 11.3-year lifespan. Estimated initial capital costs are $718 million, with a sustainable capital cost of $55 million. The report highlights probable mineral reserves of 3.8 million ounces of gold and 20.5 million ounces of silver.
First Mining Gold Corp. has signed a 3-year option agreement with Exiro Minerals Corp. to earn a 100% interest in the Swain Post property in Ontario. This property consists of 237 mining claims across nearly 5,000 hectares, located near the Springpole Gold Project. The company aims to explore this under-explored area, which is thought to host significant gold deposits, contributing potential upside to the Springpole project. Plans for regional data compilation and geophysics are set for later in the year.