Treasury Metals

Treasury Metals

  • Project Overview
  • Technical Reports



On August 7, 2020, First Mining closed the combination of the Goldlund project with the Goliath Gold project operated by Treasury Metals Inc. (TSX:TML) to create the Goliath Gold Complex.  

On February 2, 2021, Treasury Metals released a positive Preliminary Economic Assessment (PEA) for the Goliath Gold Complex.

On July 14, 2021, as part of the combination agreement with Treasury Metals, First Mining distributed 23,333,333 common shares of Treasury Metals and 11,666,666 warrants of Treasury Metals to First Mining shareholders.

First Mining currently owns 20,000,000 common shares of Treasury Metals and is its largest shareholder with a 15% basic share ownership.  First Mining retains a 1.5% NSR royalty on the Goldlund claims and is subject to a C$5.0 million future cash milestone payment from Treasury Metals.

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