August 20, 2017 2:32 AM ET

Metals and Mining

Company Overview of First Mining Finance Corp.

Company Overview

First Mining Finance Corp., a mineral property holding company, engages in the acquisition, exploration, evaluation, and development of mineral properties. It primarily explores for gold, silver, lead, zinc, copper, and iron ore. As of April 25, 2017, the company held a portfolio of 25 mineral assets in Canada, Mexico, and the United States. Its flagship project is the Springpole gold project covering 32,375 hectares located in northwestern Ontario, Canada. The company is headquartered in Vancouver, Canada.

Cathedral Place

Suite 1805

925 West Georgia Street

Vancouver, BC V6C 3L2

Canada

Phone:

604-639-8848

Key Executives for First Mining Finance Corp.

Chief Executive Officer & Director
Age: 60
Total Annual Compensation: C$220.2K
President
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$116.7K
Exploration Manager of Latin America
Age: 58
Total Annual Compensation: C$123.6K
Compensation as of Fiscal Year 2016.

First Mining Finance Corp. Key Developments

First Mining Finance Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

First Mining Finance Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported loss before other items was CAD 2,022,968, net loss of CAD 1,998,278, total comprehensive loss of CAD 3,295,286 against loss before other items was CAD 6,419,184, net loss of CAD 6,446,222, total comprehensive loss of CAD 6,494,379 or CAD 0.02 per basic and diluted share a year ago. The net loss was lower than the net loss in first quarter of 2017. This decrease was primarily due to the timing of stock option grants as no stock options were granted in second quarter of 2017, whereas, in first quarter of 2017, the company granted a total of 10,880,000 stock options to its directors, officers, employees, and consultants. For the six months, the company reported loss before other items was CAD 8,684,575, net loss of CAD 8,651,257, total comprehensive loss of CAD 11,215,300 or CAD 0.02 per basic and diluted share against loss before other items was CAD 7,555,205, net loss of CAD 7,736,328, total comprehensive loss of CAD 8,349,143 or CAD 0.02 per basic and diluted share a year ago. Total cash used in operating activities was CAD 3,565,175 compared to CAD 4,703,608 a year ago. Property and equipment purchases were CAD 246,693 compared to CAD 104,325 a year ago. Mineral property expenditures were CAD 6,653,935 compared to CAD 1,462,343 a year ago.

First Mining Finance Corp. Announces the Sixth Set of Assay Results for Goldlund Gold Project

First Mining Finance Corp. announced the sixth set of assay results, comprising 14 drill holes from its Phase 1, 24,300 meter diamond drill infill program on its 100% owned Goldlund Gold Project ("Goldlund"), located near the town of Sioux Lookout in northwestern Ontario, Canada. Hole GL-17-106 intersected 202.0 metres of 1.39 grams per tonne gold including 2.0 metres of 43.28 grams per tonne gold; Hole GL-17-053 intersected 179.0 metres of 1.13 grams per tonne gold including 2.0 metres of 12.07 grams per tonne gold; Hole GL-17-065 intersected 90.0 metres of 1.32 grams per tonne gold including 2.0 metres of 11.82 grams per tonne gold; Hole GL-17-107 intersected 134.0 metres of 0.91 grams per tonne gold including 2.0 metres of 13.92 grams per tonne gold.

First Mining Finance Corp. Presents at Sprott Natural Resource Symposium, Jul-24-2017 through Jul-28-2017

First Mining Finance Corp. Presents at Sprott Natural Resource Symposium, Jul-24-2017 through Jul-28-2017. Venue: Fairmont Hotel Vancouver, 900 W. Georgia Street, Vancouver, British Columbia V6C2W6, Canada. Presentation Date & Speakers: Jul-25-2017, Patrick Michael Donnelly, President. Jul-26-2017, Patrick Michael Donnelly, President.

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Date
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January 24, 2017
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