First Mining Announces 2025 Third Quarter Financial Results and Operating Highlights

Core Viewpoint - First Mining Gold Corp. reported its third quarter financial results for the period ending September 30, 2025, highlighting significant developments in its gold projects and financial activities [1][2]. Financial Highlights - The company closed a marketed public offering of 66,670,000 units, raising total gross proceeds of $12,000,600 on July 22, 2025 [4]. - A non-brokered offering of 95,000,000 units raised $17,100,000, along with 33,350,000 flow-through units for $7,337,000, totaling $36,437,600 from both offerings [4]. - As of September 30, 2025, the company had cash and marketable securities amounting to $37.6 million and an equity interest in PC Gold Inc. valued at $21.5 million [4]. Project Developments - The Springpole Gold Project is advancing with a Feasibility Study and ongoing permitting activities, including a final Environmental Impact Statement submitted in November 2024 [3]. - The Duparquet Gold Project is in the PEA stage, located on the Destor-Porcupine Fault Zone in the Abitibi region [3]. - Significant drilling results were reported from the Duparquet exploration program, including drill hole DUP25-058 returning 1.43 g/t Au over 24.1m and DUP25-064 returning 3.23 g/t Au over 25.9m [4][9][10]. Community Engagement - A Long-Term Relationship Agreement was signed with the Mishkeegogamang First Nation for the Springpole Gold Project, emphasizing a collaborative development approach [4]. - A Memorandum of Understanding was established with the City of Duparquet to support community development and collaboration on the Duparquet Gold Project [4]. Management Changes - Lisa Peterson will resume her role as Chief Financial Officer effective November 14, 2025, after maternity leave, with Darren Prins serving as Interim CFO during her absence [4]. - Vincy Benjamin will join the company as Director of Projects on November 24, 2025, bringing 25 years of experience in major capital projects [4].