First Mining Gold (FF) Q2 2026 earnings summary

Executive summary

• Springpole Gold Project received Federal Environmental Assessment approval, allowing the project to proceed.

• Agreement reached with Slate Falls Nation to negotiate a final project agreement for Springpole.

• Cat Lake and Lac Seul First Nations completed an Anishnaabe Led Impact Assessment, authorizing Springpole with 35 negotiated terms.

• Finalized agreement to develop an all-season access road to Cat Lake First Nation.

• Commenced 2026 exploration drilling at Duparquet Gold Project with an Indigenous-led drilling partnership.

Financial highlights

• Cash and marketable securities balance was $40.5 million as of June 30, 2026.

• Equity investment value in Seva Mining was $29 million.

• Equity interest in PC Gold Inc. valued at $14.3 million.

• Received $3 million in cash from Bellavista Resources for reducing ownership in PC Gold from 30% to 20%.

Outlook and guidance

• Plans to advance Springpole and Duparquet Gold Projects, with ongoing feasibility and permitting activities.

• Portfolio advancement includes continued exploration and development partnerships.