Company Overview

First Mining Gold Corp. is a Canadian mineral development company focused on the acquisition, development, and advancement of gold resources in Canada. The company operates in the gold mining and mineral exploration industry, with a business model centered on consolidating underdeveloped gold assets and advancing them through permitting and technical de-risking rather than near-term production. Its primary value drivers are large, high-quality gold projects with potential for long mine lives, supported by strategic partnerships and royalties.

The company was founded in 2015 by Keith Neumeyer with the objective of building a leading Canadian-focused gold development company during a period of depressed commodity valuations. Since inception, First Mining has grown through asset acquisitions and project consolidation, assembling one of the largest undeveloped gold resource portfolios in the country. Its strategy emphasizes jurisdictional safety, infrastructure access, and optionality for future development or monetization.

Business Operations

First Mining’s operations are organized around the acquisition, advancement, and optimization of mineral assets rather than active gold production. The company generates value by advancing feasibility studies, environmental permitting, and Indigenous engagement to improve project readiness. Its primary operating segments consist of mineral property interests and project-level development activities, with no producing mines as of the most recently available public disclosures.

Key assets are held through wholly owned subsidiaries, including First Mining Finance Corp., which manages certain royalty and streaming interests. Core projects include the Springpole Gold Project, the Duparquet Gold Project, and several earlier-stage properties across Ontario and Québec. The company also maintains strategic relationships with royalty companies and joint venture partners to help fund project advancement while limiting shareholder dilution.

Strategic Position & Investments

First Mining’s strategic direction focuses on advancing flagship projects toward development readiness while retaining flexibility through partnerships, royalties, or potential asset sales. The Springpole Gold Project is positioned as the company’s most advanced asset, with completed feasibility-level studies and ongoing permitting efforts, while Duparquet represents a large-scale district opportunity supported by existing infrastructure.

The company has made selective investments in royalties and streams, including interests tied to third-party operators, as a way to diversify exposure and create long-term optional cash flow. Emerging priorities include environmental permitting, project optimization, and engagement with Indigenous communities, which management identifies as critical to unlocking long-term value. Data on future acquisitions beyond disclosed transactions is inconclusive based on available public sources.

Geographic Footprint

First Mining’s operations are entirely concentrated in Canada, with its corporate headquarters in Vancouver, British Columbia. Its mineral assets are primarily located in Ontario and Québec, two of the country’s most established and mining-friendly jurisdictions, providing access to skilled labor, infrastructure, and regulatory clarity.

The company does not report operating mines or development projects outside North America. However, its strategic influence extends internationally through capital markets exposure and relationships with global royalty companies and institutional investors that participate in project financing and asset-level transactions.

Leadership & Governance

First Mining is led by an executive team with experience in mine development, finance, and capital markets. Leadership emphasizes disciplined capital allocation, project optionality, and long-term value creation through asset quality rather than rapid production growth. Governance practices align with Canadian public company standards, with oversight provided by an independent board of directors.

Key executives include:

• Dan Wilton – Chief Executive Officer
• Patrick Donnelly – President
• Paul C. Haywood – Chief Financial Officer
• Keith Neumeyer – Founder and Chairman

Management’s stated strategic vision centers on advancing high-quality Canadian gold assets while maintaining financial flexibility and minimizing execution risk.