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First Mining Provides Update on Pickle Crow Gold Project
First Mining Provides Update on Pickle Crow Gold Project PR Newswire VANCOUVER, B...
About this update from First Mining Gold Corp.
[{"type":"text","content":"First Mining Provides Update on Pickle Crow Gold Project\n\n\nFirst Mining Provides Update on Pickle Crow Gold Project\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\nPR Newswire\n\n\nVANCOUVER, BC, Feb. 3, 2026 /PRNewswire/ - First Mining Gold Corp. (\"First Mining\" or the \"Company\") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) announces that its joint-venture partner at First Mining's Pickle Crow Gold Project (\"Pickle Crow\" or the \"Project\"), FireFly Metals Ltd (\"FireFly\") has agreed to sell its 70% interest in PC Gold Inc. (\"PC Gold\"), the entity that holds the Project, to Bellavista Resources Limited (ASX:BVR) (\"Bellavista\"), for 60 million Bellavista shares valued at A$45 million based on the concurrent financing price (see below) to be distributed to FireFly shareholders and A$37.5 million in Bellavista performance rights (the \"Transaction\").  In addition, Bellavista is seeking to raise A$25 million at a price of A$0.75 per Bellavista share.\n\n\n\n\n\n\n\nThe Bellavista team is led by Glenn Jardine as Managing Director and Peter Canterbury as Finance Director.  Mr. Jardine and Mr. Canterbury are both experienced executives who led De Grey Mining until its successful US$3.3 billion sale to Northern Star Resources Ltd. In May 2025.\n\"This is a transformative transaction for the Pickle Crow Gold Project,\" stated Dan Wilton, CEO of First Mining. \"We would like to thank the FireFly team for all the years of hard work put into the Project and are very excited to work with the Bellavista team going forward.  The Bellavista team have been one of the most successful groups in Australia advancing late-stage gold projects through the development cycle, having sold De Grey for more than US$3 billion in 2025.  We look forward to seeing the Pickle Crow Gold Project, one of the largest high grade gold resources in any Tier 1 jurisdiction, advanced with the significant funding that Bellavista will raise.\"   \nThe Transaction is expected to close in Q2 2026 and Bellavista has indicated its intention to exercise the PC Gold buydown r...