First Mining Gold forms financing deal with First Majestic Silver to advance Springpole gold project
First Mining Gold Corp (TSE: FF) (OTCQX: FFMGF) CEO Dan Wilton tells Proactive the miner has formed a $22.5 million funding deal with shareholder First Majestic Silver Corp (TSE:FR), which will give it enough capital to advance its flagship Springpole gold project in Ontario through the pre-feasibility and environmental assessment stage.
Wilton says First Majestic will pay the exploration group US$22.5 million in total for a 50% stream of the silver produced from Springpole over its life.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/921741/first-mining-gold-forms-financing-deal-with-first-majestic-silver-to-advance-springpole-gold-project-921741.html
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