Business
First Mining Announces Closing of Non-Core Goldlund NSR Royalty Sale
First Mining Announces Closing of Non-Core Goldlund NSR Royalty Sale Canada NewsWire ...
About this update from First Mining Gold Corp.
[{"type":"text","content":"\n \n \n \n First Mining Announces Closing of Non-Core Goldlund NSR Royalty Sale\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Dec. 19, 2022\n \n \n /CNW/ -\n \n First Mining Gold Corp. (\"First Mining\" or the \"Company\")\n \n (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has closed the previously announced sale of its 1.5% net smelter return (\"NSR\") royalty on the Goldlund gold property in\n \n Ontario\n \n owned by Treasury Metals to an affiliate of Sprott Resource Streaming and Royalty Corp. (\"Sprott\") for total cash consideration of approximately\n \n C$9.5 million\n \n (\n \n US$7 million\n \n ) (the \"Goldlund Royalty Transaction\").\n \n \n \n \n \n \n \n \n \n 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\n \n Ontario\n \n operated by Auteco Minerals Ltd., a 1.5% NSR royalty on the Hope Brook gold project in\n \n Newfoundland\n \n operated by Big Ridge Gold Corp. and NSR royalties on a number of other exploration and development projects.\n \n \n \n About First Mining Gold Corp.\n \n \n \n First Mining is a gold developer advancing two of the largest gold projects in\n \n Canada\n \n , the\n \n Springpole\n \n Gold Project in northwestern\n \n Ontario\n \n , where we have commenced a Feasibility Study and permitting activities are on-going with a draft Environmental Impact Statement (\"EIS\") for the project published in\n \n June 2022\n \n , and the\n \n \n Duparquet\n \n \n , Pitt and Duquesne Gold Projects in\n \n Quebec\n \n , a collection of advanced stage development assets located on the Destor-Porcupine Fault in the prolific Abitibi region.  First Mining also owns the Cameron gold project in\n \n Ontario\n \n and a portfolio of gold project interests including the Pickle Crow gold project (being\n \n advanced in partnership with Auteco Minerals\...