First Mining Gold Corp. Secures C$6.41M from Warrant Exercise to Advance Gold Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Source: PRnewswire
- Successful Financing: First Mining Gold Corp. secured C$6.41 million through the exercise of 32,050,228 common share purchase warrants by First Majestic Silver Corp., which will be utilized to advance its Springpole and Duparquet gold projects, enhancing the company's financial strength in gold development.
- Increased Stake: Following the warrant exercise, First Majestic's ownership in First Mining rises to 47,379,944 shares, representing 3.5% of the total shares outstanding, indicating confidence in First Mining's future prospects.
- Project Advancement: The funds will be directed towards the feasibility study and environmental impact assessment for the Springpole gold project, expected to accelerate project timelines and enhance the company's competitive position in the market.
- Strategic Positioning: First Mining is focused on developing one of Canada's largest gold projects, and ongoing investments will help the company secure a more advantageous position in the future mining market.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like FF with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on FF
About FF
FutureFuel Corp. is a manufacturer of diversified chemical products and biofuels. The Company operates in two segments: chemicals and biofuels. The chemicals segment manufactures specialty chemicals for specific customers (custom chemicals) as well as multi-customer specialty chemicals (performance chemicals). Its custom manufacturing product portfolio includes agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. Its performance chemicals products include a portfolio of nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. Its biofuels segment primarily produces and sells biodiesel to its customers. In addition, it sells petrodiesel in blends with its biodiesel and with no biodiesel added. It offers B100 and biodiesel blended with petrodiesel (B2, B5, B10, B20, B50, and B99 blends) at its Batesville facility and at a short-term leased storage facility in Little Rock, Arkansas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FireFly Reports 51% Increase in Mineral Resources at Green Bay Project
- Significant Resource Growth: The mineral resource estimate for the Green Bay project has increased to 50.4Mt at 2.0% CuEq, representing a 51% increase from the October 2024 estimate, laying a solid foundation for future economic assessments.
- High-Grade Core Zone Established: FireFly has delineated a high-grade core zone of 8.8Mt at 3.9% CuEq in the Measured and Indicated categories, significantly enhancing development options and likely attracting more investor interest.
- Well-Funded for Expansion: The company completed approximately A$139 million in equity raising, which will be used to accelerate exploration and mineral resource conversion, ensuring rapid development in a favorable copper market.
- Economic Assessment Plans: A Preliminary Economic Assessment is expected to be completed by June 2026, based on the upgraded mineral resources, further advancing the project towards feasibility studies and boosting investor confidence.
Continue Reading
First Mining Gold Corp. Named to 2026 OTCQX Best 50 Companies
- Strong Market Performance: First Mining Gold Corp. has been named to the 2026 OTCQX Best 50, reflecting its outstanding performance in 2025, which indicates strong recognition and confidence among investors.
- Transparent Ranking Criteria: The OTCQX Best 50 ranking is based on an equal weighting of total return and average daily trading volume over the past year, demonstrating First Mining's stability and growth potential in the market.
- Project Progress: The company is advancing the feasibility study and environmental impact assessment for the Springpole Gold Project, which is expected to lay a solid foundation for future mining development and enhance its market position in Canada.
- Diversified Portfolio: In addition to the Springpole project, First Mining also owns multiple projects including the Duparquet Gold Project and the Cameron Gold Project, showcasing its diversified strategy in gold development and enhancing its resilience against risks.
Continue Reading