What Happened?
Vancouver, BC-based First Mining Finance Appointed Patrick Donnelly as President
About the Company
First Mining Finance Corp.("First Mining") is a new "mineral bank" business concept created by Mr. Keith Neumeyer. Our business model is to acquire mineral assets at exceptionally low valuations and holding or banking these assets until the capital markets for commodities and mining improves. At that point we would add value for our shareholders by entering into agreements with other parties who would move the projects forward through development or exploration while First Mining holds residual interests in the projects. The residual interests may be in the form of royalties, metal streams, minority interests or equity positions in the counterparty that is moving the project forward. Through a total of eight transactions, First Mining has already accumulated a total of 10.3 million ounces of gold equivalent resources and has built a portfolio of 28 mineral assets in Canada, United States, and Mexico. The Company will continue to aggressively acquire additional projects in geopolitically safe areas of the Americas.(1) Ultimately our goal is to have numerous projects generating cash flow and we would then remit proceeds to our shareholders in the form of a dividend. First Mining is supported by First Majestic Silver which is one of the world`s largest silver producers. The management of First Mining has decades of experience in evaluating, exploring and developing mineral assets.
About the Person
Patrick Donnelly is President at First Mining Finance. Previously, Patrick held various senior HR leadership roles in the industry.
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