First Mining Gold (FF) Q4 2024 earnings summary

Executive summary

• Reported year-end 2024 financial results, with significant operational and exploration milestones achieved.

• Advanced the Springpole Gold Project, including submission and positive review of the Final Environmental Impact Statement.

• Raised capital through multiple private placements and a bought deal public offering, strengthening liquidity.

Financial highlights

• Cash and current investments totaled $13.7 million as of December 31, 2024.

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

• Raised $7.35 million in a non-brokered private placement and $8.05 million in a brokered bought deal public offering in Q4 2024.

• Completed a $6.95 million non-brokered private placement in June 2024.

Outlook and guidance

• Feasibility Study and permitting activities ongoing for Springpole Gold Project, with final EIS/EA submitted in November 2024.

• Continued focus on advancing the Duparquet Gold Project and other exploration targets.