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First Mining Gold Closes Cameron Project Sale to Seva Mining for Cash and 48% Equity Stake

Story Highlights
  • First Mining closed the sale of its Cameron Gold Project to Seva Mining on March 10, 2026, receiving C$5 million and 80 million Seva shares.
  • The deal makes First Mining Seva’s largest shareholder with board representation, while refocusing its efforts on core Canadian gold projects and retaining Cameron exposure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Mining Gold Closes Cameron Project Sale to Seva Mining for Cash and 48% Equity Stake

Meet Samuel – Your Personal Investing Prophet

An update from First Mining Gold ( (TSE:FF) ) is now available.

First Mining Gold Corp. announced on March 10, 2026 that it has closed the sale of its Cameron Gold Project to Seva Mining Corp., receiving C$5 million in cash and 80 million Seva shares, equating to about 48% of Seva’s outstanding common shares. First Mining has also secured two seats on Seva’s board, cementing its role as the largest shareholder as Seva, backed by the Fiore Group, advances the Ontario-based project.

Management framed the transaction as a strategic partnership that allows Seva, led by former Yukon premier Ranj Pillai, to lead development while First Mining maintains substantial exposure to future upside. The deal reshapes First Mining’s portfolio toward its core Springpole and Duparquet projects while preserving indirect participation in Cameron, with potential benefits flagged for local and Indigenous communities near the project.

The most recent analyst rating on (TSE:FF) stock is a Hold with a C$0.68 price target. To see the full list of analyst forecasts on First Mining Gold stock, see the TSE:FF Stock Forecast page.

Spark’s Take on TSE:FF Stock

According to Spark, TipRanks’ AI Analyst, TSE:FF is a Neutral.

The score is primarily held back by weak financial performance driven by a pre-revenue model, widening losses, and persistent negative free cash flow, despite a low-debt balance sheet that adds resilience. Technicals are supportive in trend terms but appear overheated (high RSI/Stoch), and valuation signals remain unattractive/unclear due to negative earnings and no dividend yield.

To see Spark’s full report on TSE:FF stock, click here.

More about First Mining Gold

First Mining Gold Corp. is a Canadian gold developer focused on advancing large-scale projects in Canada. Its primary assets are the Springpole Gold Project in northwestern Ontario, now in feasibility study and permitting with an environmental impact statement submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage project in the Abitibi region. The company also holds a 30% interest in the Pickle Crow Gold Project and a significant equity stake in Seva Mining Corp.

Average Trading Volume: 5,323,119

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$784.9M

See more data about FF stock on TipRanks’ Stock Analysis page.

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