First Mining Gold Corp. (TSX: FF) has closed the previously announced sale of its 1.5% net smelter return (NSR) royalty on the Goldlund gold property in Ontario owned by Treasury Metals to an affiliate of Sprott Resource Streaming and Royalty Corp for total cash consideration of approximately C$9.5 million.
Following the closing of the Goldlund Royalty Transaction, First Mining continues to hold a comprehensive royalty portfolio comprised of 20 royalties across four countries, which includes a 2.0% NSR royalty on the Pickle Crow gold project in Ontario operated by Auteco Minerals Ltd., a 1.5% NSR royalty on the Hope Brook gold project in Newfoundland operated by Big Ridge Gold Corp. and NSR royalties on a number of
other exploration and development projects.
About First Mining Gold Corp.
First Mining is a gold developer advancing a portfolio of gold projects in Canada, with our most advanced project being the Springpole Gold Project in north-western Ontario, which is one of the largest undeveloped gold projects in Canada, and where it has commenced a Feasibility Study and permitting activities are on-going with a draft Environmental Impact Statement (EIS) for the project submitted in June 2022.
First Mining also owns the Cameron, Duparquet, Duquesne and Pitt gold projects, all advanced-stage gold projects in Ontario (in the case of Cameron) and Québec. Our portfolio of gold project interests also includes the Pickle Crow gold project (being advanced in partnership with Auteco Minerals Ltd.), the Hope Brook gold project (being advanced in partnership with Big Ridge Gold Corp.), an equity interest in Treasury Metals Inc., and a portfolio of 21 gold royalties.
For further information please visit: https://firstmininggold.com/
