1 July 2026regulatory community update▲ GoodMajor
Agreed key terms of a project agreement with Slate Falls Nation for Springpole, a third community accord after those with Mishkeegogamang and with Cat Lake and Lac Seul.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 July 2026regulatory community update▲ GoodMajor
Canada's federal Environment Minister issued the Decision Statement approving the Springpole environmental assessment, so the project may proceed, subject to conditions of approval. This follows the November 2024 final EIS/EA submission and the June 2026 First Nations authorisation, and closes out the federal permitting thread. The company says it is now working on post-assessment engineering toward construction readiness; no construction decision or funding is announced.
16 June 2026regulatory community update▲ GoodMajor
First Mining and Cat Lake First Nation agreed to mobilise an all-season road linking Cat Lake to Sioux Lookout. First Mining committed up to $4 million for permitting, clearing, geotechnical work and engineering design, starting in summer 2026.
16 June 2026regulatory community update▲ GoodMajor
Cat Lake First Nation and Lac Seul First Nation completed their Anishinaabe-led impact assessment and authorised Springpole subject to 35 negotiated terms, with a term sheet agreed on benefits, environmental protection and conditions. The process begun with the October 2024 agreement has produced a consent decision.
21 May 2026drilling progress report▲ Good
Began the 2026 Duparquet campaign and signed a drilling partnership with Forage Anicinape, an Indigenous-owned contractor.
19 May 2026drilling result▲ Good
New high-grade intercepts from the North Zone, South Zone and Minuit targets at Duparquet.
29 Apr 2026joint venture update● Neutral
Bellavista Resources closed its purchase of FireFly Metals' interest in PC Gold, the company holding Pickle Crow, and exercised a buy-down right by paying First Mining C$3 million to cut its stake from 30% to 20%. The remaining 20% is free carried to a decision to mine - the Auteco earn-in of 2020 has passed through two owners and left First Mining with a fifth of a project it no longer funds.
23 Apr 2026regulatory community update● Neutral
Update on Springpole as permitting continued.
8 Apr 2026regulatory community update● Neutral
A routine transfer-agent notice, filed under cover of a Form 6-K, sets the annual general meeting for June 9, 2026, with an April 21, 2026 record date for notice and voting. It carries no business or financial news.
31 Mar 2026annual report● Neutral
Full-year 2025 results and operating highlights.
10 Mar 2026asset acquisition disposition▲ GoodMajor
Closed the Cameron sale, now to Seva Mining, receiving C$5 million cash and 80 million Seva shares - about 48% of Seva - with two board seats. First Mining ends up owning nearly half the buyer rather than the mine.
9 Mar 2026drilling result▲ Good
Duparquet hole DUP25-085 returned 3.74 g/t gold over 15.5 metres and 7.18 g/t over 8 metres at the Miroir target.
24 Feb 2026securities registration● Neutral
Filed a final base shelf prospectus and registration statement, renewing the standing ability to issue securities.
3 Feb 2026joint venture update● Neutral
FireFly Metals agreed to sell its 70% of PC Gold, the company holding Pickle Crow, to Bellavista Resources for 60 million Bellavista shares worth about A$45 million plus A$37.5 million of performance rights. First Mining keeps its 30% minority and gains a second new partner on the project Auteco earned into in 2020.
23 Jan 2026material agreement● Neutral
Material change report covering the March 2025 amendment that accelerated First Majestic's final silver stream payment and changed its warrant terms.
15 Jan 2026other material event▲ Good
Named to the 2026 OTCQX Best 50, a US market recognition list.
7 Jan 2026regulatory community update▲ Good
Published a socio-economic analysis of the Springpole project, quantifying its local and regional impact for the permitting process.
29 Dec 2025resource reserve update● Neutral
The Springpole prefeasibility technical report itself, effective 1 December 2025.
23 Dec 2025resource reserve update● Neutral
Filed the technical report for the updated Springpole prefeasibility study announced in November.
22 Dec 2025resource reserve update● Neutral
The Duparquet economic assessment technical report as filed.
16 Dec 2025capital raising announcement▲ Good
First Majestic exercised 32,050,228 warrants at $0.20, handing First Mining C$6.4 million. These are the warrants whose terms were amended in March when the silver stream payment was accelerated.
20 Nov 2025asset acquisition disposition▲ GoodMajor
Agreed to sell the Cameron gold project - the ground consolidated with the Metalore purchase in 2020 - to Oronova Energy for C$27 million: C$5 million cash, 80 million Oronova shares and at least C$2 million more later.
18 Nov 2025resource reserve update▲ GoodMajor
The updated Springpole study more than doubled the project's value: after-tax US$2.1 billion at a 5% discount with a 41% return, against US$995 million and 29% in the 2021 version, on the same 30,000 tonne-a-day pit. Average annual production of 330,000 ounces at US$877 an ounce in the first five years, against US$577 in 2021. The base-case gold price moved from US$1,600 an ounce in 2021 to US$3,100 here, which is where most of the extra value comes from.
10 Nov 2025drilling result▲ Good
Miroir kept growing with 2.01 g/t gold over 29.8 metres and 3.20 g/t over 15.75 metres.
24 Sept 2025drilling result▲ Good
Hole DUP25-064 returned 3.23 g/t gold over 25.9 metres, expanding the Miroir target near surface.
18 Sept 2025material agreement▲ GoodMajor
Signed a memorandum of understanding with the City of Duparquet on community development and collaboration around the project - the Quebec equivalent of the First Nations agreements built around Springpole.
8 Sept 2025drilling result▲ Good
Expanded the Aiguille zone at Duparquet to more than 100 metres of strike.
6 Aug 2025capital raising announcement● NeutralMajor
Closed an upsized $24.4 million private placement, taking the summer's raising to $36.4 million with the July public offering - by far the largest funding round in the cached record, and it comes as gold prices run.
31 July 2025asset acquisition disposition▲ Good
Closed the sale of the remaining 20% of Hope Brook to Big Ridge.
22 July 2025capital raising announcement● NeutralMajor
Closed the over-subscribed public offering: 66,670,000 units at $0.18 for $12.0 million. A higher price than the $0.135 rounds of late 2024.
What it means for a shareholder
66.7m new shares at US$0.180 to raise about US$12.0m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held US$1,000 of shares (5,556 at the issue price), your slice goes from 0.000514% to 0.000485% of the company. To keep it you'd need 343 more shares - about US$62 at the issue price.
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