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First Mining Announces Public Offering and Non-Brokered Private Placement for up to $20 Million

Core Viewpoint - First Mining Gold Corp. has announced a public offering of up to 27,800,000 units at a price of $0.18 per unit, aiming for gross proceeds of up to $5,004,000, alongside a non-brokered private placement for additional funding [1][5]. Offering Details - The public offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with warrants priced at $0.27 per share, valid for 36 months [2][3]. - An over-allotment option allows agents to purchase an additional 15% of the units at the offering price, exercisable up to 48 hours before closing [4]. - The non-brokered private placement aims to raise up to $15,008,600 through 55,600,000 units and 22,730,000 flow-through units priced at $0.22 each [5][6]. Use of Proceeds - Proceeds from the offerings will be allocated to advancing the Springpole and Duparquet gold projects, as well as for general working capital [7]. - Funds from the flow-through units will be used for eligible Canadian exploration expenses related to the gold projects, with expenditures to be renounced by December 31, 2025 [7]. Timeline and Regulatory Approval - The public offering is expected to close around July 22, 2025, while the non-brokered offering is anticipated to close by August 5, 2025, pending Toronto Stock Exchange approval [8]. Company Overview - First Mining Gold Corp. is focused on developing two major gold projects in Canada: the Springpole Gold Project and the Duparquet Project, along with other gold project interests [12].