05:06 PM EDT, 08/05/2025 (MT Newswires) -- First Mining Gold ( FFMGF ) after market close on Tuesday said closed a private placement of share units that raised $24.4 million.

The company said it placed 95-million common-share units in the financing, priced at $0.18 each and 33.35-million flow-through share units priced at $0.22. Each type included one-half of a three-year warrant to buy a common share for $0.27

The company intends to use the capital to advance its Springpole and Duparquet gold projects.

First Mining shares closed up $0.005 to $0.17 on the Toronto Stock Exchange.