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First Mining Gold Corp. Q3 2025 Financial Results

In a recent announcement, First Mining Gold Corp. has reported its financial results for the third quarter of 2025, demonstrating remarkable progress and strategic partnerships. The report, encompassing various operational highlights, is available in full on First Mining's official website and through SEDAR+ and EDGAR platforms.

Key Highlights of Q3 2025

Strategic Partnerships

On July 3, 2025, a pivotal Long-Term Relationship Agreement (LTRA) was signed between First Mining and the Mishkeegogamang First Nation regarding the Springpole Gold Project in northwestern Ontario. This agreement marks a collaborative commitment towards responsible resource development, ensuring that the project's construction, operation, and closure respect environmental standards and provide tangible benefits to the First Nation's community.

Successful Equity Offerings

The company achieved significant financial milestones by successfully completing an upsized marketed public offering, raising gross proceeds of over $12 million by issuing 66,670,000 units. Following this, on August 5, a non-brokered offering yielded an impressive $17.1 million through the sale of 95 million units and additional flow-through shares resulting in $7.3 million. Overall, these efforts culminated in total proceeds exceeding $36 million, positioning First Mining strongly for future endeavors.

Asset Dispositions

Additionally, on July 31, First Mining finalized the sale of its remaining 20% interest in the Hope Brook Gold Project, amounting to $3 million in cash and 7 million shares in Big Ridge. This divestment highlights the company's strategy to realign its portfolio towards more promising prospects, streamlining operations for enhanced efficiency.

Drilling Successes

On the exploration front, significant advancements were reported from the ongoing drilling program at the Duparquet site. Results made public on September 8 showcased the exciting potential of the Aiguille discovery zone, with drilling hole DUP25-058 revealing 1.43 g/t Au over 24.1m, effectively extending the target westward.

Moreover, findings announced later, including drill hole DUP25-064 returning 3.23 g/t Au over 25.9m, signify a strong exploration potential for the newly discovered Miroir Target. Further results, including a remarkable 2.01 g/t Au over 29.8m from drill hole DUP25-078, continued to affirm the promise this area holds for future production potential.

Community Engagement Initiatives

On another front, First Mining has underscored its commitment to community collaboration by signing a Memorandum of Understanding with the City of Duparquet on September 18, aimed at fostering joint development and support concerning the Duparquet Gold Project. These initiatives reflect First Mining’s dedication to not just mining, but also sustainable community relationships enhanced through responsible development practices.

Leadership Changes

In corporate structural updates, Lisa Peterson will return to her role as Chief Financial Officer effective November 14, following maternity leave, while Darren Prins temporarily served as Interim CFO. Furthermore, Vincy Benjamin will be joining as Director of Projects on November 24, bringing extensive experience from his previous roles.

Financial Position

The company's financial standing as of September 30, 2025, reflects a healthy cash and marketable securities reserve of $37.6 million, along with a significant equity interest in the Pickle Crow Project valued at $21.5 million.

In closing, First Mining Gold Corp. continues to drive forward with strong financial performance and proactive community engagement, setting a robust stage for future growth in the gold mining sector.

About First Mining Gold Corp.

First Mining is advancing two of Canada's largest gold projects—the Springpole and Duparquet Gold Projects. Established in 2015 by Keith Neumeyer, First Mining is committed to responsible mining practices while striving to maximize benefits for local communities and stakeholders.