VANCOUVER, BC, Nov. 5, 2024
/CNW/ - First Mining Gold Corp. ("First Mining" or the
"Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is
pleased to announce the submission of the Final Environmental
Impact Statement / Environmental Assessment ("Final
EIS/EA") for the Springpole Gold Project (the
"Project") in northwestern Ontario.
The Final EIS/EA submission marks a major procedural milestone
in the advancement of the Project. It results from two and a half
years of consultation and engagement since submitting the draft
EIS/EA in May 2022. The Final EIS/EA
incorporates over 14 years of research and data collection and
includes several optimizations completed since the Pre-Feasibility
Study that improve the Project's environmental and operational
performance. The work assesses more than 20 environmental and
socio-economic factors, a detailed analysis of the Project design,
as well as proposed environmental mitigation measures and major
benefits throughout the Project's lifecycle. The Project is being
assessed by the Impact Assessment Agency of Canada ("IAAC") in accordance with the
Canadian Environmental Assessment Act (CEAA, 2012) and by the
Ministry of Environment Conservation and Parks ("MECP")
under Ontario's Environmental
Assessment Act.
"This is a major milestone for the Springpole Project," stated
Dan Wilton, CEO of First Mining.
"The team has worked across multiple scientific and engineering
disciplines to achieve a sustainable Project that will both protect
the environment and deliver tremendous socio-economic and
infrastructure benefits to an underserviced region of Northwestern Ontario. Through advancements in
Project designs, analysis shows that all regulatory requirements
will be met by the Project, including fish habitat offsetting and
water quality that will meet stringent Canadian Water Quality
Guidelines during all phases of the Project. The input received
from all parties during the draft EIS/EA review helped inform the
optimizations made for the Final EIS/EA and the Company is
appreciative of the contributors to that process. Through the
creation of over 43,000 person-years of employment, over
$2 billion in government revenue, and
with the training, employment and business opportunities for local
and Indigenous communities, Springpole is positioned to be the new
economic engine for Northwestern
Ontario".
First Mining is committed to on-going engagement with Indigenous
communities to support local capacity needs and consultation
processes to achieve mutual information sharing and understanding
for the long term. The next step in the EIS/EA process involves a
conformity review by the IAAC to confirm that the Final EIS/EA
meets the EIS guidelines and a public comment period for the
provincial and federal processes that is expected to close in Q1
2025. The complete EIS/EA process is anticipated to conclude in Q4
2025.
For more information, please visit:
https://www.firstmininggold.com/springpole-ea
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest
gold projects in Canada, the
Springpole Gold Project in northwestern Ontario, where we have commenced a feasibility
study and permitting activities are on-going with a final
Environmental Impact Statement / Environmental Assessment for the
project submitted in November 2024,
and the Duparquet Gold Project in Quebec, a PEA-stage development project
located on the Destor-Porcupine Fault Zone in the prolific Abitibi
region. First Mining also owns the Cameron Gold Project in
Ontario and a portfolio of gold
project interests including the Pickle Crow Gold Project (being
advanced in partnership with Firefly Metals Ltd.) and the Hope
Brook Gold Project (being advanced in partnership with Big Ridge
Gold Corp.).
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of
First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
Cautionary Note Regarding Forward-Looking
Statements
This news release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made as of the date of this news release.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"plans", "projects", "intends", "estimates", "envisages",
"potential", "possible", "strategy", "goals", "opportunities",
"objectives", or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions.
Forward-looking statements in this news release relate to
future events or future performance and reflect current estimates,
predictions, expectations or beliefs regarding future events. All
forward-looking statements are based on First Mining's or its
consultants' current beliefs as well as various assumptions made by
them and information currently available to them. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by the respective parties, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Such factors
include, without limitation, the Company's business, operations and
financial condition potentially being materially adversely affected
by the outbreak of epidemics, pandemics or other health crises, and
by reactions by government and private actors to such outbreaks;
risks to employee health and safety as a result of the outbreak of
epidemics, pandemics or other health crises, that may result in a
slowdown or temporary suspension of operations at some or all of
the Company's mineral properties as well as its head
office; fluctuations in the spot and forward price of gold,
silver, base metals or certain other commodities; fluctuations in
the currency markets (such as the Canadian dollar versus the U.S.
dollar); changes in national and local government, legislation,
taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins and flooding); the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities,
indigenous populations and other stakeholders; availability and
increasing costs associated with mining inputs and labour; the
speculative nature of mineral exploration and development; title to
properties.; and the additional risks described in the Company's
Annual Information Form for the year ended December 31, 2023 filed with the Canadian
securities regulatory authorities under the Company's SEDAR+
profile at www.sedarplus.ca.
First Mining cautions that the foregoing list of factors that
may affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to First
Mining, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
First Mining does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by the Company or on our behalf, except as required by
law.
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SOURCE First Mining Gold Corp.
