Diligence memo · auto-generated · as of July 2, 2026
First Mining Gold Corp.
First Mining Gold Corp. looks fair against its niche peers and is active on financing cadence.
Businessfiled
First Mining Gold Corp. operates in Mining & Resources, based in Vancouver.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
First Mining Gold Corp. has raised $16M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.7M on 2016-08-05.
Most recent recorded round closed around 2025-07-22.
Valuation (modeled)modeled
Provath models First Mining Gold Corp. at approximately $15M (range $7.2M–$25M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.18× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era. Within the normal band (118% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 25 months.
Last raise 11 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 8.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 87% of Mining & Resources peers (701 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: Fortitude Gold Corp, San Cristobal Mining Inc., Torngat Metals Ltd, Rua Gold Inc., Red Metals, Inc..
Peoplefiled
23 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.