First Mining Gold Corp. is pleased to announce that it intends to complete an equity financing by way of a non-brokered private placement for aggregate gross proceeds of up to $5,000,000. Certain insiders of the Company, including Keith Neumeyer, the Chairman of the Board, and Dan Wilton, First Mining's CEO, will be participating in the Offering. The Offering will consist of up to 11,363,637 units of the Company at a [...]
First Mining Gold Corp. is pleased to announce that it has entered into a binding term sheet with Auteco Minerals Ltd. whereby Auteco may earn up to an 80% interest in First Mining's Pickle Crow Gold Project located in Ontario, Canada. Auteco can earn a full 80% interest in the Project by incurring a total of $10 million in exploration expenditures over five years, making cash payments to First Mining totaling $4.1 [...]
First Mining Gold Corp. is pleased to announce that it has closed a private placement equity financing with Ausenco Engineering Canada Inc., raising aggregate gross proceeds of approximately $750,000. As detailed in the Company's news release dated November 14, 2019, First Mining has entered into an agreement with Ausenco to complete a Pre-Feasibility Study for the Company's Springpole Gold Project, located in [...]
First Mining Gold Corp. is pleased to announce that it has closed its previously announced non-brokered flow-through equity financing, raising aggregate gross proceeds of approximately $2.0 million. Pursuant to the Offering, First Mining issued 7,405,000 common shares of the Company that qualify as flow-through shares for purposes of the Income Tax Act, at a price of $0.27 per Flow-Through Share. The gross proceeds raised [...]
First Mining Gold Corp. is pleased to announce that it intends to complete a flow-through equity financing by way of a non-brokered private placement for aggregate proceeds of approximately $2.0 million. The Offering will consist of 7,405,000 common shares of the Company that qualify as flow-through shares for purposes of the Income Tax Act, at a price of $0.27 per Flow-Through Share. The gross proceeds raised from the [...]
First Mining Gold Corp. is pleased to announce an expanded drill program at Goldlund, as well as additional assay results from the drilling completed to date at the Miller prospect. Miller forms part of the Company's wholly-owned Goldlund property in Ontario, Canada and is located 10 kilometres northeast and along strike of the current resource area at Goldlund. Latest highlights from holes drilled at Miller include: Hole [...]
First Mining Gold Corp. is pleased to announce that it has entered into an agreement with Ausenco Engineering Canada Inc. to complete a Pre-Feasibility Study for the Springpole Gold Project, located in northwestern Ontario. Ausenco has elected to receive shares of First Mining as consideration for its engineering services. Dan Wilton, CEO of First Mining, stated "We are very excited to be partnering with Ausenco to [...]
First Mining Gold Corp. is pleased to announce it has filed on SEDAR an independent Preliminary Economic Assessment technical report for its Springpole Gold Project located in northwestern Ontario, Canada. The Report, which is entitled "Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario and has an effective date of September 1, 2019, was prepared by SRK Consulting Inc. in accordance with [...]
Pre-Tax NPV5% of US$1.23 billion, Pre-Tax IRR of 26% and AISC of US$552/oz Average Annual Gold Production of 410,000 ounces in Years 2 through 9 This news release constitutes a "designated news release" for the purposes of First Mining Gold's prospectus supplement dated August 19, 2019 to its short form base shelf prospectus dated June 24, 2019. First Mining Gold Corp. is pleased to announce the positive results of an [...]
First Mining Gold Corp. is pleased to announce initial assay results from the drilling completed to date at the Miller prospect which forms part of the Company's wholly-owned Goldlund property in Ontario, Canada. Miller is located 10 kilometres northeast and along strike of the current resource area at Goldlund. Drill highlights from the first seven holes drilled at Miller include: Hole MI-19-014 intersected 1.57 grams [...]
First Mining Gold Corp. is pleased to announce the signing of a four-year option agreement with Momentum Minerals Ltd. , a private company, granting Momentum the right to earn a 100% interest in First Mining’s Turquoise Canyon property located in Nevada, U.S. Dan Wilton, CEO of First Mining stated, “Optioning this non-core property allows First Mining to continue to focus its core business on its Canadian assets, while [...]
First Mining Gold Corp. is pleased to announce the establishment of an at-the-market equity program pursuant to which First Mining, at its discretion and from time to time, may issue up to $15 million of common shares to the public at the prevailing market price of the Common Shares when issued through the Toronto Stock Exchange . The volume and timing of distributions under the ATM Program, if any, will be determined at [...]