First Mining Finance Corp. (FF: TSX.V and OTCQX: FFMGF) ("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
approximately 7 million ounces of gold Measured and Indicated
Resources and approximately 5.4 million ounces of gold Inferred
Resources, and has built a portfolio of
25 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.