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First Mining (OTCQX: FFMGF) cuts Pickle Crow stake to 20% as Bellavista pays C$3M

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

First Mining Gold Corp. reports that its joint-venture partner Bellavista Resources has closed the acquisition of FireFly Metals' interest in PC Gold Inc., which owns the Pickle Crow Gold Project. Bellavista also exercised its buy-down right, paying C$3 million to reduce First Mining's PC Gold stake from 30% to 20%, while First Mining remains free carried to a decision to mine at Pickle Crow.

The company continues advancing its Springpole Gold Project in northwestern Ontario with a Feasibility Study and ongoing permitting, including submission of a final Environmental Impact Statement/Environmental Assessment in November 2024, and is progressing the PEA-stage Duparquet Gold Project in Quebec.

Positive

  • None.

Negative

  • None.
Buy-down payment C$3 million cash Paid by Bellavista to First Mining to reduce PC Gold ownership
PC Gold ownership before 30% interest First Mining’s prior stake in PC Gold Inc.
PC Gold ownership after 20% interest First Mining’s revised stake in PC Gold Inc. after buy-down
Pickle Crow project interest 20% project interest First Mining’s ongoing interest in Pickle Crow Gold Project
De Grey sale value US$3.3 billion Sale of De Grey Mining to Northern Star led by Bellavista executives
Springpole EIS/EA submission November 2024 Final Environmental Impact Statement/Environmental Assessment submitted
Company founding year 2015 First Mining established by Keith Neumeyer
free carried financial
"First Mining's interest in PC Gold is free carried to a decision to mine"
Feasibility Study financial
"Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study"
A feasibility study is an assessment that evaluates whether a proposed project or idea is practical and likely to succeed before investing significant time and resources. It considers factors like costs, potential benefits, and challenges, helping stakeholders decide if moving forward makes sense. Think of it as a detailed plan that gauges if a new venture is worth pursuing.
PEA-stage financial
"the Duparquet Gold Project in Quebec, a PEA-stage development project"
Environmental Impact Statement / Environmental Assessment technical
"final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024"
NI 43-101 regulatory
"certain estimates prepared in accordance with NI 43-101"
A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.
Multi-Jurisdictional Disclosure System regulatory
"eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System"
A multi-jurisdictional disclosure system is a coordinated filing and publication process that lets companies share required financial, regulatory, or corporate information across several legal regions at once. Think of it like posting the same important notice on multiple community bulletin boards simultaneously so everyone who needs it — investors, regulators, and markets in different countries — sees the same, timely details. For investors this matters because it reduces delays and inconsistencies, making it easier to compare risks and make informed decisions when securities trade in more than one place.

 

 

 

 

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 April 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 April 29, 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: April 29, 2026

      /s/ Richard Huang   
    Richard Huang
    Vice President, Corporate Development & Corporate Secretary
     

 

 

 Exhibit 99.1

 

 

   

First Mining Provides Update at Pickle Crow Gold Project

VANCOUVER, BC, April 29, 2026 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) announces that pursuant to a previous press release on February 3, 2026, First Mining's new joint-venture partner at First Mining's Pickle Crow Gold Project ("Pickle Crow" or the "Project"), Bellavista Resources Limited (ASX: BVR) ("Bellavista"), has closed the acquisition of FireFly Metals Ltd's interest in PC Gold Inc. ("PC Gold"), the entity that holds the Project on April 29, 2026. Bellavista has also exercised its buy-down right at the Project and paid C$3 million in cash to First Mining to reduce First Mining's ownership in PC Gold from 30% to 20%. First Mining's interest in PC Gold is free carried to a decision to mine at Pickle Crow.

The Bellavista team is led by Glenn Jardine as Managing Director and Peter Canterbury as Finance Director. Mr. Jardine and Mr. Canterbury are both experienced executives who led De Grey Mining until its successful US$3.3 billion sale to Northern Star Resources Ltd. In May 2025.

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 20% 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, founding President 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. 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 in this news release include, but are not limited to, statements with respect to: (i) disclosure by Bellavista; (iI) the Company's plans with respect to advancing its portfolio of gold projects; and (iii) feasibility and permitting activities related to the Springpole Gold Project. 

Forward-looking statements reflect the beliefs, opinions and projections of management 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; 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; requirements for additional capital; changes in project parameters as plans continue to be refined; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; 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, 2025 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. 

Cautionary Note to United States Investors 

The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.

NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-mining-provides-update-at-pickle-crow-gold-project-302757166.html

SOURCE First Mining Gold Corp.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/29/c1533.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 07:38e 29-APR-26

FAQ

What update did First Mining Gold Corp. (FFMGF) provide on the Pickle Crow Gold Project?

First Mining reported that Bellavista Resources closed the acquisition of FireFly Metals’ interest in PC Gold Inc., which holds the Pickle Crow Gold Project, and exercised its buy-down right, reshaping ownership while leaving First Mining free carried to a decision to mine.

How did Bellavista’s transaction affect First Mining Gold Corp.’s ownership in PC Gold?

Bellavista exercised a contractual buy-down right and paid First Mining C$3 million in cash, reducing First Mining’s interest in PC Gold from 30% to 20%. Despite the smaller stake, First Mining’s interest remains free carried to a decision to mine at Pickle Crow.

What does it mean that First Mining Gold Corp. is free carried to a decision to mine at Pickle Crow?

Being free carried means First Mining is not required to fund ongoing project expenditures until a formal decision to mine is made. Project partners, including Bellavista, cover costs up to that point, preserving First Mining’s 20% interest without additional capital contributions during evaluation.

Which other key projects is First Mining Gold Corp. (FFMGF) advancing besides Pickle Crow?

First Mining is advancing the Springpole Gold Project in northwestern Ontario, where a Feasibility Study has commenced and a final Environmental Impact Statement/Environmental Assessment was submitted in November 2024, and the Duparquet Gold Project in Quebec, which is at the Preliminary Economic Assessment stage.

Who leads Bellavista Resources in the Pickle Crow joint venture with First Mining Gold Corp.?

Bellavista is led by Managing Director Glenn Jardine and Finance Director Peter Canterbury. Both are experienced mining executives who previously led De Grey Mining until its US$3.3 billion sale to Northern Star Resources, bringing significant transaction and development experience to the Pickle Crow partnership.

When did First Mining Gold Corp. submit the final EIS/EA for the Springpole Gold Project?

The final Environmental Impact Statement/Environmental Assessment for the Springpole Gold Project was submitted in November 2024. This submission is part of ongoing permitting activities, which accompany the Feasibility Study that First Mining has commenced for this large Canadian gold development project.

Filing Exhibits & Attachments

1 document