First Mining Gold completes $12 million public offering

First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) announced the completion of its public offering, raising $12 million in gross proceeds.

The company sold 66.67 million units at $0.18 per unit. Each unit consists of one common share and half of one warrant. The warrants allow holders to purchase additional shares at $0.27 each within 36 months of the closing date.

The offering was conducted through a prospectus supplement dated July 16, 2025, and was available across Canadian provinces and territories except Quebec. A syndicate of placement agents facilitated the transaction.

First Mining stated it will use the net proceeds to advance its Springpole and Duparquet gold projects, along with general working capital and corporate purposes.

The Vancouver-based company is developing the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec. First Mining has submitted a final Environmental Impact Statement for the Springpole project in November 2024 and is conducting a feasibility study. The Duparquet project is at the preliminary economic assessment stage.

First Mining also holds interests in other gold projects including Cameron Gold Project in Ontario, Pickle Crow Gold Project in partnership with Firefly Metals Ltd., and Hope Brook Gold Project with Big Ridge Gold Corp.

The company was established in 2015 by Keith Neumeyer, founding president and CEO of First Majestic Silver Corp.

You May Also Be Interested In