First Mining Gold (FF) Q3 2025 earnings summary

Executive summary

• Signed a Long-Term Relationship Agreement with Mishkeegogamang First Nation for the Springpole Gold Project, ensuring collaborative development and direct community benefits.

• Closed both a public and non-brokered offering, raising a combined $36.4 million in gross proceeds.

• Sold the remaining 20% interest in the Hope Brook Gold Project for $3 million in cash and 7 million shares of Big Ridge.

• Advanced drilling at the Duparquet project, expanding the Aiguille and Miroir discovery zones with significant gold intercepts.

• Announced leadership changes, including the return of the CFO and appointment of a new Director of Projects.

Financial highlights

• Cash and marketable securities balance stood at $37.6 million as of September 30, 2025.

• Equity interest in PC Gold Inc. (Pickle Crow Project) valued at $21.5 million.

Outlook and guidance

• Continued engagement with local and Indigenous communities and advancement of environmental assessment processes for Springpole.

• Feasibility Study and permitting activities ongoing at Springpole, with a final Environmental Impact Statement submitted in November 2024.

• Duparquet Gold Project remains at the PEA stage, with ongoing exploration and community collaboration.