Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings Routine +

First Mining Closes $57.5 Million Bought-Deal Offering Including Full Exercise of Over-Allotment Option

First Mining raises $57.5m to fund springpole environmental assessment follow-up and duparquet drilling.

By The Northwire Desk — AI Analysis Sep 24, 2026 · 08:49 FF · 0.84 First Mining Gold Corp.
Executive Summary

First Mining Gold Corp. has closed its previously announced bought-deal public offering, issuing 68,459,500 common shares at $0.84 per share. The transaction included the full exercise of the 15% over-allotment option, bringing aggregate gross proceeds to $57,505,980.

Net proceeds are designated to advance the Springpole and Duparquet gold projects, alongside general working capital and corporate purposes. The offering was co-led by Haywood Securities Inc., ATB Cormark Capital Markets, and National Bank Financial Inc. This transaction successfully closes the $50 million financing announced on September 17, 2026, fulfilling management's stated capital raising objectives.

Material Impact

First Mining Gold Corp. (FF) closed a financing that serves as a direct follow-up to its September 17 announcement. The market was fully aware of the capital raise, and the successful execution at $0.84 per share demonstrates stable institutional demand despite the dilutive nature of the offering.

The capital injection significantly strengthens the company's liquidity position. Combined with the $37.3 million in cash reported at June 30, 2026, total liquidity now stands at approximately $94.8 million. This funding directly de-risks the near-term execution of the Springpole provincial Environmental Assessment and the 15,000-meter 2026 exploration program at Duparquet.

FF · Price
Company Overview

First Mining Gold Corp. is a Canadian-based exploration and development company focused on gold and silver projects in Tier-1 jurisdictions. Its flagship asset is the Springpole Gold Project in Ontario, a 100% owned, low-sulphidation epithermal gold-silver deposit that received Federal Environmental Assessment approval in June 2026. A 2025 Pre-Feasibility Study outlined a 9.4-year mine life, $1.1 billion initial capital, and an after-tax NPV of $2.1 billion at $3,100/oz Au.

The company also holds the Duparquet Gold Project in Quebec, a PEA-stage project with 3.44 million ounces in Measured & Indicated resources. Active 2026 exploration drilling is targeting the Miroir and other high-grade zones. Additionally, First Mining Gold Corp. holds a 20% interest in the Pickle Crow Gold Project, a joint venture with Bellavista Resources, and a 48% equity stake in Seva Mining Corp. (formerly Oronova), which holds the Cameron Gold Project.

Read the original news release →

More from First Mining Gold Corp.

Sep 17, 2026 · 16:11

First Mining secures $50m to fund the Springpole project development and extend its cash runway.

Financings Sep 10, 2026 · 08:45

First secures Indigenous partnerships for its Springpole Project, advancing the path toward provincial regulatory approval for the deposit.

Drill Results Sep 10, 2026 · 07:00

First’s Miroir step-out extends the Duparquet target, adding incremental value to the C$1.3B developer’s portfolio.

Drill Results Aug 27, 2026 · 07:00

First completes an Indigenous agreement for the Springpole project following federal environmental assessment, de-risking construction.

M&A / Property Aug 25, 2026 · 07:00

First secures a final Indigenous pact for its Springpole project, clearing the last regulatory hurdle to advance the feasibility study.

M&A / Property Jun 30, 2026 · 17:05

First Mining Gold secured federal environmental assessment approval for its Springpole project, clearing the path to construction.

Regulatory