First Mining Announces Successful Closing of $12 Million Public Offering
TORONTO, July 22, 2025 – First Mining Gold Corp. (TSX: FF) (“First Mining” or the “Company”) is pleased to announce the successful closing of its previously announced public offering of common shares of the Company (“Common Shares”). The offering, which was completed on July 18, 2025, raised gross proceeds of approximately C$12 million, before deducting any applicable agent commissions and offering expenses.
This significant funding milestone underscores the strong investor confidence in First Mining’s strategic direction and its promising portfolio of gold projects. The net proceeds from the offering are anticipated to be utilized by the Company for general corporate purposes and to advance its exploration and development activities.
The offering consisted of 20,000,000 Common Shares issued at a price of C$0.60 per Common Share. Beacon Securities Limited acted as the sole agent for the offering.
“We are very encouraged by the strong support we received from both new and existing investors during this public offering,” said [Name and Title of a company representative, e.g., Dan James, CEO of First Mining Gold Corp.]. “This capital infusion provides us with valuable financial flexibility as we continue to advance our exciting projects. We remain committed to our strategy of unlocking the full potential of our high-quality gold assets and delivering long-term value to our shareholders.”
The Common Shares issued under the offering were qualified by a prospectus supplement dated July 15, 2025, to the Company’s base shelf prospectus dated January 10, 2025.
First Mining Gold Corp. is a Canadian-senior diversified gold development company with two main projects: the Springpole Gold Project in Ontario, which is one of the largest undeveloped gold projects in Canada, and the Pitt Gold Project in Ontario, which is in the advanced exploration stage. The Company’s strategy is to deliver shareholder value through the responsible development of its high-quality gold assets, underpinned by rigorous technical and economic evaluations and a commitment to environmental and social stewardship.
This successful closing represents a positive development for First Mining and positions the company well to pursue its strategic objectives in the coming months.
First Mining Announces Closing of $12 Million Public Offering
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