Business
First Mining Enters into Partnership to Advance Hope Brook Gold Project in Newfoundland
First Mining Enters into Partnership to Advance Hope Brook Gold Project in Newfoundland ...
About this update from First Mining Gold Corp.
[{"type":"text","content":"\n \n \n \n First Mining Enters into Partnership to Advance Hope Brook Gold Project in Newfoundland\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.prngen4{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 6, 2021\n \n /CNW/ -\n \n First Mining Gold Corp. (\"First Mining\"\n \n or the\n \n \"Company\")\n \n (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce it has entered into a definitive agreement (the \"Agreement\") with Big Ridge Gold Corp. (\"Big Ridge\") (TSX-V:BRAU) whereby\n \n Big Ridge\n \n may earn up to an 80% interest in First Mining's Hope Brook Gold Project (\"Hope Brook\" or the \"Project\") located in\n \n Newfoundland, Canada\n \n (the \"Transaction\").\n \n \n \n \n \n \n \n \n \n Pursuant to the definitive earn-in agreement,\n \n Big Ridge\n \n can earn an 80% interest in the Project through a two-stage earn-in over five years by incurring a total of\n \n $20 million\n \n in qualifying expenditures, issuing up to 36.5 million shares of Big Ridge to First Mining and making a cash payment to First Mining.  First Mining will retain a 1.5% net smelter returns (\"NSR\") royalty on the Project, of which 0.5% can be...