With current metal prices near 10 year lows, three key people have created First Mining to take advantage of the amazing opportunity this low price environment has created. While many resource companies are struggling to raise financings and stay afloat, First Mining’s team raised CDN$5M in April 2015 and they believe this is the perfect time to start acquiring assets at rock bottom prices. First Mining is focused on acquiring high-quality precious and base metal assets in the Americas and management is currently evaluating multiple projects. Ultimately the Company’s goal is to deliver significant value to shareholders by entering into earn-in agreements with third-parties who would then move the assets to production while First Mining would hold the residual interest in the form of a royalty, metal stream, minority interest, and/or equity position partnerships.
Keith Neumeyer co-founded First Quantum Minerals Ltd. (“First Quantum”) in 1992, First Majestic Silver Corp. (“First Majestic”) in 2002, and most recently First Mining Finance Corp. (“First Mining” or the “Company”) in 2015. First Quantum (NYSE: AG and TSX: FM) currently has a market capitalization of US$4.5B and First Majestic’s (NYSE: AG and TSX: FR) is just under US$400M but was $1.5B just late last year. Keith started those first two companies during bear markets for commodities and both went on to become billion dollar plus companies. As readers may know, we are now in the fourth year of another bear market cycle and Keith has recently created First Mining Finance Corp. to take advantage of current market conditions that are ripe for mergers and acquisitions. First Mining was started by Keith Neumeyer as Chairman, Dr. Chris Osterman as CEO, and Patrick Donnelly as President and the Company commenced trading on the TSX Venture Exchange under the symbol FF in April 2015 and on the OTCQB under the symbol FFMGF in July 2015.
Dr. Chris Osterman, is a geologist/mining engineer with over 30 years of experience in the production and exploration of minerals. He was instrumental in discovering and developing the San Jose silver mine in Oaxaca, Mexico but his area of expertise is the reconnaissance projects which has resulted in him travelling extensively throughout the America’s, Asia and Africa to view various properties.
Patrick Donnelly started his mining career 20 years ago as a project geologist and he has worked in many of western and northern Canada’s remote areas. After spending numerous years working in the bush he went on to become a mining analyst at Salman Partners Inc. where he saw countless mining companies promoting their projects. During this time, Patrick visited and assessed numerous resource projects throughout the world.
First Mining currently holds a portfolio of 19 mineral assets in Mexico, United States and now Canada. On July 7, 2015 the Company completed its first major acquisition through the takeover of Coastal Gold Corp. which held a 100% interest in the Hope Brook Gold Project located in southern Newfoundland. This acquisition added approximately one million ounces of gold to the First Mining mineral bank and going forward the Company aims to make another one to two major acquisitions before yearend. The Company seeks to eventually build its portfolio to 40-50 mineral assets which would be comprised of gold, silver, copper, lead, zinc and nickel.
First Mining Finance is supported by Keith Neumeyer and First Majestic which is one of the World’s largest silver producers. First Mining shares office space and certain staff with First Majestic in order to keep salaries and overhead costs minimal as the Company gets started.
For more information, please contact Derek Iwanaka, Vice President of Investor Relations for more information at 604-639-8824 or at firstname.lastname@example.org. Alternatively please visit www.firstminingfinance.com or follow the company on Twitter at @FirstMining.
First Mining Finance Corp.
Suite 1805 – 925 West Georgia Street
Canada V6C 3L2
The company paid consideration to SNN or its affiliates for this article.
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