VANCOUVER, BC, Nov. 9, 2021 /CNW/ - First Mining Gold
Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX:
FFMGF) (FRANKFURT: FMG) is pleased to announce it has received a
Notice of Approval from the Ontario Ministry of the Environment,
Conservation and Parks on the Environmental Assessment Terms of
Reference ("ToR") for its Springpole Gold Project ("Project")
located in Ontario. First Mining has worked closely with our
local and Indigenous communities and government agencies to develop
the final ToR that considers their feedback. This Notice of
Approval marks the formal commencement of the Ontario Environmental
Assessment ("EA") process and allows First Mining to advance the
regulatory process which will assess the benefits and potential
environmental effects and associated mitigation measures for the
Project.
"This is an important milestone for the Springpole Gold Project
as we formally enter the provincial EA process," stated
Dan Wilton, CEO of First Mining.
"First Mining is grateful for the hard work put in by our
Indigenous communities and their advisors throughout the ToR
process and recognize the significant role they will play in the
advancement of the Project. We are eager to continue the
dialogue with our communities to discuss how we can strengthen our
partnership and bring sustainable economic development to the
region."
The ToR provides a framework for the preparation of the
provincial EA documents in accordance with the Ontario Environmental Assessment Act.
The ToR describes the purpose of the Project, alternative designs
for the Project and how they will be evaluated, the potential
effects of the Project to be considered and assessment methodology,
as well as how Indigenous communities, government agencies and all
other public stakeholders will be engaged and consulted throughout
the process.
In addition, with the approval of the ToR, First Mining can now
more effectively advance the provincial EA in a coordinated manner
with the federal EA process pursuant to the Canadian
Environmental Assessment Act, 2012 based on the federal
Environment Impact Statement ("EIS") guidelines issued to First
Mining in 2018.
About First Mining Gold Corp.
First Mining is a
Canadian gold developer focused on the development and permitting
of the Springpole Gold Project in north-western
Ontario. Springpole is one of the largest undeveloped
gold projects in Canada. The
results of a positive Pre-Feasibility Study for the Springpole Gold
Project were announced by First Mining in January 2021, and permitting activities are
on-going with submission of an Environmental Impact Statement
("EIS") for the project targeted for 2021. The Company also
holds a large equity position in Treasury Metals Inc. who
are advancing the Goliath Gold Complex toward
construction. First Mining's portfolio of gold projects in
eastern Canada also includes the
Pickle Crow (being advanced in partnership with Auteco Minerals
Ltd.), Hope Brook (being advanced in
partnership with Big Ridge Gold Corp.), Cameron, Duparquet, Duquesne, and Pitt gold projects.
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", "targeted", "advancing", "proving" 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 and
include, but are not limited to, statements with respect to: (i)
the Company's focus on advancing its assets towards production;
(ii) timing for the submission of the EIS for the Springpole Gold
Project; and (iii) realizing the value of the Company's gold
projects for the Company's shareholders. 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. Many factors, both
known and unknown, could cause actual results, performance, or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. ,Such factors include, without limitation: the
potential offering of any Securities by the Company; uncertainty
with respect to the completion of any future offering; the ability
to obtain applicable regulatory approval for any contemplated
offerings; the ability of the Company to negotiate and complete
future funding transactions; 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, 2020 filed with the Canadian
securities regulatory authorities under the Company's SEDAR profile
at www.sedar.com, and in the Company's Annual Report on Form 40-F
filed with the SEC on EDGAR.
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.