# First Mining (TSX:FF)

> First Mining is a Canadian gold developer focused on the development of the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec, two of the largest undeveloped gold projects in Canada.

## About

First Mining is a Canadian gold developer focused on the development of the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec, two of the largest undeveloped gold projects in Canada. First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.

## Key facts

- **Cash position:** $10,102,000
- **Shares outstanding:** 918,428,735
- **Fully diluted shares:** 1,080,872,358
- **Warrants:** 231M
- **Options:** 4,576
- **Mineral resource:** Mineral Resource Statement Inclusive of Mineral Reserves (effective September 30, 2025)

|     |     |     |     |     |     |
| --- | --- | --- | --- | --- | --- |
| **Category** | **Quantity**<br>**(Mt)** | **Grade**<br>**Au**<br>**(g/t)** | **Ag**<br>**(g/t)** | **Metal**<br>**Au**<br>**(Moz)** | **Ag**<br>**(Moz)** |
| **Open Pit** |
| Indicated | 191 | 0.78 | 4.6 | 4.8 | 28.0 |
| Inferred | 64 | 0.38 | 3.1 | 0.8 | 6.5 |

The Mineral Reserves for the Springpole Gold Project are based on the conversion of Indicated Mineral Resources within the current pit design. The Springpole Gold Project Mineral Reserves are shown below:

###### Springpole Proven and Probable Reserves

|     |     |     |     |     |     |     |
| --- | --- | --- | --- | --- | --- | --- |
| **Category** | **COG**<br>**(g/t Au)** | **Tonnes**<br>**(Mt)** | **Grade**<br>**Au (g/t)** | **Grade**<br>**Ag (g/t)** | **Contained**<br>**Metal**<br>**Au (Moz)** | **Contained**<br>**Metal**<br>**Ag (Moz)** |
| Proven | 0.27 | - | - | - | - | - |
| Probable | 0.27 | 102.0 | 0.94 | 4.9 | 3.1 | 16.1 |
| **Total** | **0.27** | **102.0** | **0.94** | **4.9** | **3.1** | **16.1** |
- **Projects:** ["The Springpole Gold Project is located in northwestern Ontario on an area of approximately 800 hectares. The broader project land package covers an area of 41,943 hectares and consists of 30 patented mining claims, 282 mining claims and thirteen mining leases. The project is located approximately 110 kilometres northeast of the Municipality of Red Lake in northwestern Ontario and is situated within the Birch-Uchi Greenstone Belt. The large, open pit resource is supported by significant infrastructure, including an onsite camp, winter road access, a logging road within 18 km of the camp, and nearby power lines within 40 km.\n\nWith 191 Mt at 0.78 g/t Au and 4.6 g/t Ag, totalling 4.8 million ounces of gold and 28 million ounces of silver in the Indicated Mineral Resource category, and 64 Mt at 0.38 g/t Au and 3.1 g/t Ag, totalling 0.8 million ounces of gold and 6.5 million ounces of silver in the Inferred Mineral Resource category, the Springpole Gold Project is one of the largest undeveloped gold projects in Ontario.","The Birch-Uchi Greenstone Belt Project (“BUGB Project”) represents regional scale exploration opportunities that have been consolidated by First Mining surrounding the Springpole Project. This land tenure coupled with the Springpole Project, also located in the Birch-Uchi Greenstone Belt, consists of >70,000 hectares and presents a strong opportunity for new discoveries in an area that is historically underexplored and has only seen a fraction of the exploration work that has been done in the neighbouring Red Lake and Pickle Lake greenstone belts that have been subject to earlier consolidation and discovery cycles.\n\nThe BUGB Project hosts significant geologic elements, including historic production centres that are demonstrative of a strong gold endowment and affinity for new discovery. First Mining’s extensive BUGB property position is located within the Red Lake Mining District and is situated approximately 80 km east of the Red Lake Mines Complex of Evolution Mining and 75 km northeast of Kinross Gold’s Dixie Project (formerly owned by Great Bear Resources Ltd). The geology of the region is comprised of Archean Greenstone terranes that are endowed by significant gold mineralization inclusive of orogenic and alkaline intrusion related deposit styles. Initial data compilation and validation to date has indicated that the region demonstrates an underexplored and previously fragmented exploration immaturity that is well levered to the Company’s strategy of consolidation and district screening.\n\nFirst Mining has initiated district-scale screening of the Birch-Uchi Project area through a multi-phase commitment to explore and enhance mineral potential within the region.","The Duparquet Gold Project, located on the Destor-Porcupine Fault Zone in the Abitibi region of Quebec, Canada, is one of the largest undeveloped gold projects in North America. The Project is located immediately north of the town of Duparquet which is approximately 50 kilometres northwest of Rouyn-Noranda, Quebec, a major mining service centre and home to the only remaining copper smelter in Canada. Duparquet currently hosts 3.4 million ounces of gold in the Indicated Mineral Resource category and 2.6 million ounces of gold in the Inferred Mineral Resource category. The deposits and claim blocks that comprise of the project are:\n- Duparquet Deposit, which consists of the following claim groups:\n  - Beattie\n  - Donchester\n  - Dumico\n  - Central Duparquet\n- Duquesne Deposit\n- Pitt Gold Deposit\n- Porcupine East Property\n\nOn September 7, 2023, First Mining announced results of a Preliminary Economic Assessment at the Duparquet Gold Project.","First Mining holds a 20% interest in the Pickle Crow Gold Project in northwestern Ontario, which is being advanced in partnership with Bellavista Resources Limited. The Project is located approximately 400 km north of Thunder Bay and 11 km east of the town of Pickle Lake. There is year-round, paved road access to the project, and grid power less than 5 km away. The property covers approximately 50,000 hectares of mineral tenure within a major gold province. It hosts an NI 43-101 Inferred Mineral Resource of 9.4 Mt grading 4.1 g/t gold, containing 1.23 million ounces of gold.\n\nThe Pickle Crow gold deposit is a high-grade, shear-hosted, mesothermal Archean lode gold deposit. The deposit occurs primarily within mafic volcanics and banded iron formation (BIF) units in the Pickle Crow assemblage of the Pickle Lake Greenstone belt located in the Uchi Lake Sub-province of the Superior Craton of the Canadian Shield.\n\nMineralization is focused around steeply north-west dipping, regional scale shear zones. Multiple mineralization styles have been identified on the property, including quartz-gold-tungsten (+/-tourmaline) shear veins and banded iron formation mineralization (BIF-style).\n\nThe Pickle Crow Mine is one of Canada’s highest-grade historical gold mines. It operated from 1935 until 1966, during which time it reportedly produced around 1.5 million ounces of gold at an average grade of 16.14 g/t."]
- **Leadership:** Dan Wilton (CEO and Director, More than 30 years of experience in M&A, corporate finance and principal investing in the mining sector. Previously a Partner at Pacific Road Capital Management.), Lisa Peterson (Chief Financial Officer, Over 15 years' experience in mining, renewable energy, and professional services industries.), Steve Lines (Vice President, Sustainability, Over 20 years of professional practice in environmental assessment, permitting, Indigenous and community affairs on major mining projects.), James Maxwell (Vice President, Exploration and Project Operations, Professional geoscientist with over 20 years of industry experience focused on exploration and development of orogenic gold discoveries.), Richard Huang (Vice President, Corporate Development and Corporate Secretary, Nearly two decades of experience in mining, corporate finance, M&A and capital markets focused on the mining and resource sector.)

_Verified data last updated: 2026-06-05_

## Recent filings

- 2026-06-16 — press_release — [FF_2026-06-16_10-41-38.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/55472?documentId=55472)
- 2026-06-09 — press_release — [FF_2026-06-09_19-04-17.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/54842?documentId=54842)
- 2026-05-21 — press_release — [FF_2026-05-21_06-04-26.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/51716?documentId=51716)
- 2026-05-19 — press_release — [FF_2026-05-19_06-02-59.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/51294?documentId=51294)
- 2026-05-13 — press_release — [FF_2026-05-13_06-02-04.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/50082?documentId=50082)
- 2026-05-12 — financials — [FF_2026-05-12_16-30-46.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/50073?documentId=50073)
- 2026-05-12 — mda — [FF_2026-05-12_16-30-45.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/50074?documentId=50074)
- 2026-05-12 — financials — [FF_2026-05-12_16-29-44.pdf](https://ai-chat-dev-red.vercel.app/ff/preview/50075?documentId=50075)

## Investor FAQ

### [Latest News?](https://ai-chat-dev-red.vercel.app/ff/faq/latest-news)

Not disclosed in available filings.

### [Projects Overview](https://ai-chat-dev-red.vercel.app/ff/faq/projects-overview)

First Mining is focused on the development of the Springpole Gold Project in Ontario and the Duparquet Gold Project in Quebec, both of which are among the largest undeveloped gold projects in Canada. The Springpole Project has significant mineral resources, including 4.8 million ounces of gold in the Indicated category, while the Duparquet Project hosts 3.4 million ounces of gold in the Indicated category. Additionally, First Mining holds a 20% interest in the Pickle Crow Gold Project, which contains an Inferred Mineral Resource of 1.23 million ounces of gold.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/ff/chat
- Investor website: https://www.firstmininggold.com/