08:11 AM EDT, 09/18/2025 (MT Newswires) -- First Mining Gold ( FFMGF ) said Thursday that it signed a memorandum of understanding with the City of Duparquet to cooperate on the development of the Duparquet gold project in Quebec.

The agreement to support community development near the proposed mine was ratified by the municipal council, First Mining said.

The agreement includes the development of a cohabitation plan, and the updating of the city's urban development plan in consideration of the project.

The agreement will also address the relocation of certain residential properties and the development of a design plan for the reconfiguration of the Duparquet golf course.

First Mining also agreed to transfer over 100 acres of land to the city for near-term municipal development. The company will also transfer residential lots held under historical emphyteutic leases.

"This agreement demonstrates First Mining's commitment to working with the city and citizens supporting the city's sustainable development in concrete ways as we advance the Duparquet gold project," chief executive officer Dan Wilton said.

"We want to build a mining project rooted in respect, transparency, and mutual benefit aligned with Duparquet's own development objectives."

First Mining's share price fell 5.1% Wednesday to $0.28 on the TSX.