12:46 PM EDT, 07/22/2025 (MT Newswires) -- First Mining Gold ( FFMGF ) on Tuesday said it closed an over-subscribed public offering of share units that raised $12 million.

The company sold 66.7-million units priced at $0.18 apiece and made up of a share and a three-year warrant to buy a second share for $0.27.

Proceeds will be used to advance its Springpole and Duparquet gold projects, and for general working capital and corporate needs.

Shares of the company were last seen down $0.003 to $0.177 on the Toronto Stock Exchange.