First Mining Gold Corp. announced a non-brokered private placement of 16,500,000 flow-through shares at a price of CAD 0.30 per share for gross proceeds of CAD 4,950,000 on August 9, 2022. All shares to be issued in the transaction will be subject to a statutory hold period of four months and one day from the closing date.

The transaction is expected to close on or before August 26, 2022, subject to receipt of all applicable regulatory approvals, including the approval of the Toronto Stock Exchange.