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 Corp. (FFMGF) reported its Q3 2024 financial results, highlighting successful fundraising of over $15 million through brokered and non-brokered offerings. The company's cash and investments balance stood at $13.8 million, with an equity interest in PC Gold Inc. valued at $21.5 million. Key developments include the submission of the final Environmental Impact Statement for the Springpole Project, new gold discoveries at the Challenger Target with samples grading up to 26.6 g/t Au, and completion of Phase 3 drilling at Duparquet comprising 24 holes over 9,564 m. The company also entered into a Process Agreement with First Nations for an Anishinaabe-Led Impact Assessment.
First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF) has submitted its Final Environmental Impact Statement/Environmental Assessment (Final EIS/EA) for the Springpole Gold Project in northwestern Ontario. The submission incorporates over 14 years of research and data collection, assessing more than 20 environmental and socio-economic factors. The project is expected to create over 43,000 person-years of employment and generate over $2 billion in government revenue. The Final EIS/EA demonstrates that the project will meet all regulatory requirements, including fish habitat offsetting and Canadian Water Quality Guidelines. The EIS/EA process is anticipated to conclude in Q4 2025, with a public comment period expected to close in Q1 2025.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has signed a Process Agreement with Cat Lake First Nation and Lac Seul First Nation to implement a community-based Anishinaabe-Led Impact Assessment (ALIA) for the Springpole Gold Project. The agreement provides capacity support and establishes a framework for meaningful participation in the project review through the Anishinaabe cultural perspective. The company aims to deliver significant infrastructure and economic benefits to Northwestern Ontario while ensuring respect and protection for the environment.
First Mining Gold Corp. (TSX:FF)(OTCQX:FFMGF) has announced new high-grade gold discoveries at its Birch-Uchi Greenstone Belt Exploration Project in Ontario, Canada. The 2024 follow-up field program at the Challenger target, located 12 km southwest of the company's Springpole Gold Project, has yielded four new gold occurrences with visible gold in grab and channel samples. Highlights include:
- Channel samples grading up to 6.53 g/t Au over 3 m (including 57.8 g/t Au over 0.3 m)
- Grab samples assaying up to 26.6 g/t Au, 20.3 g/t Au, and 7.73 g/t Au
- Expansion of the mineralization footprint from the original 2023 discovery area
- Identification of a new parallel trend called 'Charger'
The company believes these results demonstrate the district-scale potential around its flagship Springpole Gold Project, which is currently in the environmental assessment process.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) reported its Q2 2024 financial results, highlighting key developments across its projects. At Springpole, the company advanced environmental assessment work, aiming to submit the final EIS/EA in 2024. In the Birch-Uchi area, First Mining completed a 3-year option agreement on the Swain Lake property and initiated mapping and prospecting programs. At Duparquet, the company completed a Phase 2 winter drilling program and commenced a 9,000-metre Phase 3 program, reporting multiple high-grade gold zones. Notably, First Mining closed an upsized flow-through financing of approximately $7 million to fund exploration in Ontario and Quebec. As of June 30, 2024, the company's cash and current investments balance stood at $13.2 million, with an additional $21.5 million in equity interest in PC Gold Inc.
First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF, FRANKFURT: FMG) has released its third annual Environmental, Social, and Governance (ESG) Report for the year 2023. The report adheres to the Sustainability Accounting Standards Board (SASB) guidelines, highlighting the company's commitment to sustainable practices, ethical conduct, and transparent governance.
Key achievements include zero recordable injury cases, 174 hours of health and safety training, 43% of full-time employees being female, and 19% identifying as Indigenous. The company also completed local Caribou and Wolverine habitat assessments and invested over $4.7 million in local goods and services, including $1.3 million in support for Indigenous communities.
CEO Dan Wilton emphasized collaborative efforts at the Springpole and Duparquet Gold Projects, focusing on community engagement and environmental assessments. The full ESG Report can be accessed at the company's website.
First Mining Gold Corp. announced the voting results from its 2024 annual general meeting held on June 20, 2024. A total of 255,213,257 common shares, representing 27.79% of the outstanding shares, were represented at the AGM. All resolutions proposed were approved, including the election of all five director nominees. Keith Neumeyer received 98.11% votes in favor, Raymond Polman 98.12%, Daniel W. Wilton 97.82%, Richard Lock 97.88%, and Leanne Hall 97.40%. Additionally, the appointment of the auditor was confirmed with 98.82% votes in favor. Detailed results are available on SEDAR+.
First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF) has reached a settlement with Cat Lake First Nation (CLFN) concerning the judicial review filed by CLFN against the temporary winter road permits for the Springpole exploration camp. These permits were initially issued on February 9, 2024, by the Ontario Ministry of Natural Resources and Forestry (MNRF) but faced immediate legal challenges from CLFN. An interim order had paused the permits on February 23, 2024. After discussions, a settlement was accepted by CLFN on June 17, 2024, which resolved the judicial review. First Mining emphasizes its commitment to ongoing dialogue with CLFN and local communities to ensure environmental stewardship and foster long-term relationships.
First Mining announced significant drilling results from its Duparquet Gold Project in Quebec. The 2024 Phase 2B winter diamond drilling program revealed multiple high-grade gold zones, notably 10.67 g/t Au over 5.3 m, 6.63 g/t Au over 9.0 m, and 3.04 g/t Au over 33.5 m. These zones are hosted in newly identified mafic volcanic units. The drilling underscores Duparquet's exploration growth potential. CEO Dan Wilton emphasized the value of the systematic, data-driven approach used by the exploration team. The program concluded in April 2024, covering seven holes over 2,856 m. The latest results validate the potential for resource growth within the North Zone, with further exploration planned for Phase 3.
First Mining Gold has announced initial 2024 drilling results from its Duparquet Gold Project in Quebec. The Phase 2B winter drill program targeted North Zone and Rex Target areas. Highlights include hole DUP24-018 returning 3.11 g/t gold over 13.16m and 3.07 g/t gold over 10.32m. CEO Dan Wilton emphasized the upside potential and continuity of higher-grade mineralization at Duparquet. The winter program commenced in February 2024, involving seven holes over 2,856m. Further assay results are pending. The company aims to extend deeper mineralization trends and enhance resource and exploration confidence.