First Mining Gold Corp. Announces Successful Sale of Cameron Gold Project to Seva Mining Corp.

First Mining Gold Corp. Closes Sale of Cameron Gold Project

In a significant move for the mining sector, First Mining Gold Corp. has successfully completed the sale of its Cameron Gold Project to Seva Mining Corp. This transaction marks a pivotal moment for both companies as they focus on advancing mineral exploration and development.

The deal was finalized on March 10, 2026, during which First Mining received a cash payment of C$5 million in addition to 80 million common shares of Seva. This share acquisition translates to a substantial 48% ownership stake in Seva Mining, establishing First Mining as the company's largest shareholder. With this partnership, First Mining will also have representation on the Board of Directors of Seva.

Dan Wilton, the Chief Executive Officer of First Mining, expressed enthusiasm about the closing of the transaction, stating, "We are very excited to announce the completion of the sale and to embark on this partnership with Seva as its largest shareholder alongside the Fiore Group. Seva is well-positioned with a dedicated team under the leadership of Ranj Pillai, a former Premier of Yukon, who brings a wealth of experience in economic and resource roles."

Notably, the Fiore Group, known for its impactful contributions to the mining industry, is supporting Seva in this venture. Led by distinguished mining entrepreneurs Frank Giustra and Gordon Keep, the Fiore Group boasts a rich legacy of founding and developing several successful mining enterprises worldwide, which include notable names like Goldcorp and Endeavour Mining.

First Mining operates two of Canada's largest gold projects: the Springpole Gold Project located in northwestern Ontario and the Duparquet Gold Project in Quebec. The company is actively moving forward with feasibility studies and permitting activities for these projects. The Springpole Gold Project has recently submitted its final Environmental Impact Statement, showcasing First Mining's commitment to adhering to environmental regulations while advancing its initiatives.

This sale not only enables First Mining to form a vital partnership with Seva Mining but also reflects the ongoing efforts to amplify the potential value of the Cameron Project, benefiting both the companies involved and the local Indigenous communities nearby. By partnering with Seva, First Mining aims to leverage Seva's financial resources and operational expertise to enhance the development of the Cameron Project.

The transaction underscores the growing importance of collaboration in the mining industry, highlighting how partnerships can foster growth and yield benefits for all stakeholders. As Seva Mining moves forward with the Cameron Project, it is poised to unlock significant value, leading to economic development in the region and beyond.

First Mining Gold Corp., founded in 2015 by Keith Neumeyer, is dedicated to value creation in the gold mining sector. The company continues to explore new opportunities while maintaining a focus on existing projects and partnerships that promise long-term success and community impact.

This transaction exemplifies how strategic decisions in the mining industry can lead to advancements in exploration, development, and community engagement, paving the way for a more sustainable future in gold mining.