First Mining (OTCQX: FFMGF) gets C$5M and 80M Seva shares in sale

Rhea-AI Filing Summary

First Mining Gold Corp. has closed the sale of its Cameron Gold Project to Seva Mining Corp. In return, the company received C$5,000,000 in cash and 80,000,000 Seva common shares, representing about 48% of Seva’s outstanding shares. First Mining now becomes Seva’s largest shareholder and has two representatives on Seva’s board, turning the former project into an equity and governance stake. The company continues to advance its flagship Springpole and Duparquet gold projects in Canada, alongside its 30% interest in the Pickle Crow Gold Project and this new, large equity position in Seva.

Insights

Mining sector equity analyst

First Mining converts a non-core project into cash plus a major equity stake in Seva.

First Mining Gold Corp. has monetized the Cameron Gold Project by selling it to Seva Mining for C$5,000,000 in cash and 80,000,000 Seva shares, equating to roughly 48% ownership. This turns a single-asset exposure into a liquid cash component and a large equity position.

The company also gains two seats on Seva’s board, giving it direct influence over how the Cameron Project is advanced. Seva is described as well funded and backed by the Fiore Group, which has a long history of building mining companies.

Combined with development work at Springpole and Duparquet and its 30% interest in Pickle Crow, First Mining is shifting toward a portfolio of carried interests and strategic stakes. Future disclosures in regular reports can clarify how Seva’s progress at Cameron contributes to First Mining’s overall value.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 000-55607

First Mining Gold Corp.
(Translation of registrant's name into English)

Suite 2070, 1188 West Georgia Street, Vancouver, B.C., V6E 4A2
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐     Form 40-F ☒

DOCUMENTS FILED AS PART OF THIS FORM 6-K

Exhibits	Description
99.1	Press Release dated March 10, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		First Mining Gold Corp.
		(Registrant)
Date: March 10, 2026		/s/ Richard Huang
		Richard Huang
		Vice President, Corporate Development & Corporate Secretary

 Exhibit 99.1

   

First Mining Closes Sale of Cameron Gold Project to Seva Mining

VANCOUVER, BC, March 10, 2026 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has closed its previously announced sale of the Cameron Gold Project ("Cameron Project") to Seva Mining Corp. (TSX-V:SEVA) ("Seva"), which is supported by the Fiore Group (the "Transaction"). 

On closing of the Transaction, First Mining received C$5,000,000 in cash from Seva and 80,000,000 common shares of Seva representing approximately 48% of the common shares outstanding. First Mining also has two representatives serving on the Board of Directors of Seva.

"We are very excited to announce the closing of the Transaction and to embark on this partnership with Seva as its largest shareholder and with the Fiore Group as it advances the Cameron Project," stated Dan Wilton, CEO of First Mining. "Seva is well positioned with a dedicated and experienced team led by the former Premier of Yukon, Ranj Pillai, who has also held a number of economic and resource roles in the Territory including Deputy Premier, Minister of Energy, Mines and Resources, Minister of Economic Development, and Minister of Tourism and Culture. Seva is well funded to advance and unlock value at the Cameron Project which will benefit the local and Indigenous communities around the Cameron Project."

About Fiore Group

The Fiore Group of Companies is a team of mine explorers, developers and operators led by mining entrepreneurs Frank Giustra and Gordon Keep. They have three decades of value creation by way of starting mining companies around the world, including Aris Gold, Goldcorp, Endeavour Mining, Leagold, UrAsia Energy and recently, West Red Lake Gold Mines, Argenta Silver, Selkirk Copper Mines.

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 a 30% project interest in the Pickle Crow Gold Project and large equity interest in Seva Mining Corp.

First Mining was established in 2015 by Mr. Keith Neumeyer, founder 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 and include, but are not limited to, statements with respect to (i) the potential benefits to be derived from the Transaction; (ii) First Mining's ownership percentage in Seva; and (iii) 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 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 www.sedarplus.ca, 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. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-mining-closes-sale-of-cameron-gold-project-to-seva-mining-302709793.html

SOURCE First Mining Gold Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/10/c1108.html

%CIK: 0001641229

For further information: For further information, please contact: Toll Free: 1 844 306 8827, Email: info@firstmininggold.com; Paul Morris, Director, Investor Relations, Email: paul@firstmininggold.com

CO: First Mining Gold Corp.

CNW 16:00e 10-MAR-26

FAQ

What transaction did First Mining Gold Corp. (FFMGF) announce in its March 2026 Form 6-K?

First Mining closed the sale of its Cameron Gold Project to Seva Mining Corp. It received C$5,000,000 in cash plus 80,000,000 Seva common shares, transforming Cameron from a directly owned asset into a major equity holding and board-level partnership with Seva.

How much consideration did First Mining receive for the Cameron Gold Project sale?

First Mining received C$5,000,000 in cash and 80,000,000 Seva common shares. Those shares represent approximately 48% of Seva’s outstanding common stock, giving First Mining both immediate liquidity from cash and substantial ongoing exposure to the Cameron Project through equity ownership.

What ownership stake in Seva Mining does First Mining Gold hold after the transaction?

After closing, First Mining holds about 48% of Seva Mining’s common shares via 80,000,000 shares. This makes First Mining Seva’s largest shareholder and is complemented by two First Mining representatives serving on Seva’s board, providing governance influence over Cameron’s future advancement.

How does the Cameron Gold Project sale fit First Mining Gold Corp.’s broader strategy?

The sale converts Cameron into cash and a large Seva equity stake while First Mining focuses on core Canadian projects. It continues advancing the Springpole Feasibility Study and Duparquet PEA-stage project, plus its 30% interest in Pickle Crow and significant shareholding in Seva Mining.

Who is supporting Seva Mining in advancing the Cameron Gold Project?

Seva Mining is supported by the Fiore Group of Companies, led by Frank Giustra and Gordon Keep. The group has decades of experience creating mining firms such as Aris Gold, Goldcorp and Endeavour Mining, which First Mining highlights as backing for Seva’s work at Cameron.

What are First Mining Gold Corp.’s main development projects after selling Cameron?

First Mining remains focused on the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec. Springpole is in Feasibility Study and permitting with an Environmental Impact Statement submitted in November 2024, while Duparquet is at the PEA development stage.

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