First Mining Gold (FF) Q3 2024 earnings summary

Executive summary

• Added over $15 million to the balance sheet in Q3 2024, supporting ongoing project advancement.

• Achieved a major milestone by submitting the final Environmental Impact Statement/Environmental Assessment for the Springpole Gold Project.

• Continued exploration success at Duparquet and Birch-Uchi Greenstone Belt projects, with new gold mineralization discoveries.

Financial highlights

• Cash and current investments totaled $13.8 million as of September 30, 2024.

• Equity interest in PC Gold Inc. (Pickle Crow Project) valued at $21.5 million, for a combined carrying value of $35.3 million.

• Raised $8.05 million through a brokered public offering and $7.35 million via a non-brokered private placement at $0.135 per unit.

Outlook and guidance

• Ongoing feasibility study and permitting activities at Springpole, with the final EIS/EA submitted in November 2024.

• Anticipates further exploration results from Duparquet and Birch-Uchi projects.