First Mining Stock Price, News & Analysis

First Mining Gold Corp. has filed and received a receipt for its final short form base shelf prospectus and registration statement with Canadian and U.S. securities regulators. This move aims to enhance financial flexibility, allowing offerings of various securities up to C$100 million over 25 months. The filing facilitates potential future capital raising efforts, although no specific agreements are in place currently. The company is focused on developing its Springpole Gold Project, one of Canada's largest undeveloped gold projects, while maintaining a significant equity position in Treasury Metals.

First Mining Gold Corp. (FFMGF) has entered an earn-in agreement with ALX Resources Corp. to acquire a 100% interest in the Vixen Properties, comprising 521 claims over 10,600 hectares, near its Springpole Gold Project in Ontario. The deal involves cash and share payments totaling $1.45 million and $500,000 in exploration expenses over the first three years. Additionally, First Mining has acquired 6,000 hectares of new claims, including the historical Sol d'Or mine, enhancing its control to over 66,000 hectares in the Birch-Uchi Greenstone Belt, positioning itself as the largest claim holder in the region.

First Mining Gold Corp. has filed a preliminary short form base shelf prospectus and a corresponding registration statement with the SEC, enabling potential offerings of securities up to C$100 million over the next 25 months. While this filing aims to provide greater financial flexibility, the company has not yet authorized any securities for sale. The specifics of future offerings will be determined later and disclosed in appropriate prospectus supplements.

First Mining Gold Corp. (TSX: FF) has reported that the forest fire near its Springpole Gold Project is now classified as "Under Control." The Ministry of Natural Resources and Forestry confirmed that no damage occurred to infrastructure or equipment at the site. However, an Emergency Area Order remains in effect, restricting certain mineral exploration activities, which has temporarily halted drill programs outside the Springpole camp. The company anticipates resuming this work once the order is lifted and is conducting limited environmental and maintenance tasks in compliance with the MNRF.

First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has signed a Mineral Exploration Agreement with Animakee Wa Zhing #37 First Nation for the Cameron Gold Project in Ontario. This agreement aims to foster a mutually beneficial collaboration on exploration activities, ensuring respect for indigenous interests. Planned activities include a 4,000-meter diamond drill program targeting gold resources, with potential socio-economic benefits for the local community. The Cameron project hosts over 997,000 ounces of gold and aims to adhere to environmental best practices during exploration.

First Mining Gold Corp. (FFMGF) has announced a significant 50,000 m drill program at its Pickle Crow gold project in Ontario, following the successful completion of an initial program. The new drilling includes the promising Carey discovery, indicating potential for open-pit mining. Recent drill results included high-grade intersections such as 5.8 m at 16.2 g/t gold. The company has confirmed continuity of mineralization and is engaging environmental consulting for advanced exploration permitting. Overall, the initial findings support ongoing exploration with the aim to expand gold resources.

On July 15, 2021, First Mining Gold Corp. filed an early warning report regarding its ownership of Treasury Metals Inc. common shares and warrants. Following a June 3, 2020 transaction, First Mining held 43,333,332 TML shares and 11,666,666 TML warrants before distributing 23,333,333 TML shares and all TML warrants to shareholders on a pro-rata basis on July 15, 2021. This reduced First Mining's stake in Treasury Metals to approximately 15.36%. The distribution aims to enhance shareholder value and allow them to benefit from the Goldlund Project's potential.

First Mining Gold Corp. announced the final ratios for distributing 23,333,333 common shares and 11,666,666 warrants of Treasury Metals Inc. to its shareholders. The distribution will take place on July 15, 2021, with each shareholder receiving approximately 0.03336 shares and 0.01668 warrants per share held. The warrants will be exercisable at $1.50 until August 7, 2023. Non-U.S. shareholders will see their shares deposited in brokerage accounts, while U.S. shareholders may face delays due to the shares not being DTC eligible.

First Mining Gold Corp. has secured a final order from the Supreme Court of British Columbia for its plan of arrangement, allowing the distribution of 23,333,333 common shares and 11,666,666 common share purchase warrants of Treasury Metals Inc. to shareholders. This distribution will occur via a capital reduction of First Mining's common shares. Key dates confirmed include a record date of July 14, 2021, and an effective date of July 15, 2021. Shareholders can exercise the warrants at a price of $1.50 until August 7, 2023.