First Mining Finance ( (TSE:FF) ) has issued an update.
First Mining Gold Corp. has amended its agreement with First Majestic Silver Corp. to accelerate the final payment for the Springpole Silver Stream, now set as a cash-only payment of $5 million due by March 31, 2025. This agreement also revises the terms of warrants issued to First Majestic, reducing the exercise price and extending the expiry date, reflecting confidence in the Springpole Gold Project’s development. The project is expected to significantly impact Ontario’s economy by providing jobs, government revenue, and benefits to local communities, while supporting the clean energy sector.
More about First Mining Finance
First Mining Gold Corp. operates in the mining industry, focusing on gold and silver projects. The company is engaged in the development of the Springpole Gold Project, which is poised to become Ontario’s largest silver producer, contributing to the supply of metals essential for clean energy applications.
YTD Price Performance: 8.33%
Average Trading Volume: 785,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$138.2M
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