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. reports developments for a Canadian gold-development portfolio led by the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec's Abitibi region. Company updates commonly address Springpole permitting, environmental assessment materials, feasibility-study work and socio-economic analysis, as well as Duparquet exploration drilling, environmental baseline work and the PEA-stage development profile on the Destor-Porcupine Fault Zone.
News also covers First Mining's project interests and capital actions, including its 20% interest in the Pickle Crow Gold Project through PC Gold, its equity interest in Seva Mining following the completed Cameron Gold Project sale, and shelf prospectus or registration-statement activity tied to financing flexibility.
First Mining Gold (OTCQX:FFMGF) has announced significant drilling results from its Duparquet Gold Project in Quebec's Abitibi region, including the discovery of a new gold zone named "Minuit". The key highlight is drill hole DUP25-059, which returned 2.25 g/t Au over 12.8 m, including 4.08 g/t Au over 4.0 m in the Minuit zone, located 75 m north of the historical Donchester Mine.
The same drill hole also intersected 1.21 g/t Au over 60.2 m in Zone 3, including 4.1 g/t Au over 4.3 m, confirming the continuity of gold mineralization. The company has completed approximately 9,300 meters of its planned 18,000-meter drilling program for 2025, utilizing two drill rigs since March 2025.
The Minuit discovery represents significant upside potential, aligning with previous drill results from hole DUP23-003 (3.47 g/t Au over 7.75 m) located 315 m to the west, suggesting an extensive new mineralized zone open for exploration.
First Mining Gold Corp. (OTCQX: FFMGF) has announced the sale of its remaining 20% interest in the Hope Brook Gold Project to Big Ridge Gold Corp. (TSXV: BRAU). The transaction, valued at C$3,000,000 in cash and 7,000,000 common shares of Big Ridge, will allow Big Ridge to consolidate 100% ownership of the project.
The deal is expected to close in Q3 2025 and aligns with First Mining's strategy to generate value from non-core assets while maintaining focus on their flagship projects at Springpole and Duparquet. First Mining will maintain exposure to Hope Brook's potential through its shareholding in Big Ridge.
First Mining Gold (OTCQX:FFMGF) has signed a significant Long Term Relationship Agreement (LTRA) with Mishkeegogamang First Nation for the development of the Springpole Gold Project in northwestern Ontario, one of Canada's largest gold resources.
The agreement, resulting from a five-year process of technical review and traditional knowledge study, establishes a framework for collaboration throughout the project's construction, operations, and closure phases. Key components include environmental management, training programs, employment opportunities, business partnerships, and financial benefits sharing.
The LTRA follows a 2021 process agreement and includes provisions for environmental monitoring, preferential training measures, economic participation, and the integration of Anishnaabe cultural safety measures.
First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF) has expanded its exploration activities at the Duparquet Gold Project in Quebec's Abitibi gold region by adding a second drill rig in April 2025. This addition supports the company's previously announced ~18,000-metre exploration drilling program.
The company has completed 10 holes totaling 3,100 meters, targeting prospective growth areas. The Duparquet project encompasses a 5,800-hectare land package along a 19-kilometre stretch of the Destor-Porcupine Fault Zone within the Abitibi Greenstone Belt. Assay results from the 2025 drill program are pending and will be disclosed after QA/QC review.
Additionally, First Mining has engaged GRA Enterprises for investor relations and marketing services under a six-month contract starting April 25, 2025, for US$50,000.
First Mining Gold Corp. (FFMGF) has released its financial results for Q4 and full-year 2024. The company reported a cash and investments balance of $13.7 million and equity interest in PC Gold Inc. valued at $21.5 million as of December 31, 2024.
Key developments include receiving positive Federal Conformity Determination for the Springpole Gold Project Final EIS, promising drill results from Buzz and North Zone expansion targets, and the completion of multiple successful fundraising initiatives totaling over $22.3 million through various offerings.
The company achieved significant milestones in 2024, including the submission of the Final Environmental Impact Statement for the Springpole Gold Project, establishment of an Independent Geotechnical and Tailings Review Board, and signing a Process Agreement with Cat Lake First Nation and Lac Seul First Nation for an Anishinaabe-Led Impact Assessment.
First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF) has received the final US$5 million payment from First Majestic Silver Corp. regarding the silver stream agreement over the Springpole Gold Project in northwestern Ontario.
The companies amended their original Silver Purchase Agreement on March 13, 2025, modifying the final Tranche 3 Payment terms to US$5 million in cash, due by March 31, 2025. In exchange, First Mining revised the terms of 32,050,228 warrants previously issued to First Majestic, reducing the exercise price from $0.374 to $0.20 and extending the expiry date from July 2, 2025, to March 31, 2028.
The amendment includes an acceleration clause allowing First Mining to expedite the warrants' expiry if the company's TSX share price remains at or above $0.30 for 45 consecutive trading days.
First Mining Gold Corp. (FFMGF) has modified its agreement with First Majestic Silver regarding the Springpole Silver Stream payment. The final tranche payment (Tranche 3) will now be a cash-only payment of US$5 million, due by March 31, 2025.
As part of the amendment, First Mining will modify the terms of 32,050,228 warrants previously issued to First Majestic. The warrants' exercise price will be reduced from $0.374 to $0.20, and their expiry date extended to March 31, 2028. First Mining can accelerate the warrant expiry if the stock price remains at or above $0.30 for 45 consecutive trading days.
The Springpole Gold Project is positioned to become Ontario's largest silver producer, supporting domestic supply of silver for clean energy applications. The project is advancing through final Environmental Assessment stages and aims to generate jobs, government revenue, and benefits for local communities.
First Mining Gold Corp. (FFMGF) has announced its 2025 exploration program at the Duparquet Gold Project in Quebec's Abitibi region. The company plans to execute its largest exploration campaign since acquiring the project in 2022, targeting approximately 18,000 meters of drilling.
The program builds on previous success, including 20,000 meters of exploration drilling completed over the last two years and 270,000 meters of historical drilling data. Notable achievements include new discoveries at Miroir, Aiguille (2024), and Buzz (2023) zones, along with successful resource extension targets at Valentre, North Zone, DCD, and East Extension.
The 2025 program will commence in March with Phase 3B winter drilling, starting with one rig targeting 3,000 meters. A second drill rig will join in Q2 2025 for Phase 4, adding 15,000 meters of exploration drilling focusing on the North Zone, Buzz, Miroir, Aiguille, and South Zone targets.