First Class Metals plc (FCM) has signed an exclusive agreement for a lithium earn-in project in northwest Ontario, Canada. PROJECT The company has 60 days exclusivity on a “highly prospective, strategically located project”. The deal, covered by an non-disclosure agreement, is for a project less than 100km from Armstrong and in a district “proved to […]
Tag: First Class Metals plc
FCM raises £300,000 from single investor
First Class Metals plc has raised £300,000 via a private subscription for 1,875,000 ordinary shares at a price of 16p from a single high net worth resource/battery metals investor. PREMIUM The subscription includes a one-for-one warrant totalling 1,875,000 warrants each at 22p for a three-year period. The private subscription is at a 4% premium to […]
FCM assays show ‘massive sulphide’ find at West Pickle Lake
First Class Metals plc (FCM) reported assay results showing a “massive sulphide” discovery representing a “major new nickel district” at West Pickle Lake nickel-copper-cobalt project in Ontario, Canada. JOINT VENTURE The Pickle Lake project area comprises 33 single cell mining claims over which Palladium One Inc has the option to earn in to an 80% interest […]
First Class Metals receives £35,998 through warrants exercise
First Class Metals plc has received £35,998.50 following notice to exercise warrants over a total of 359,985 ordinary shares. Following admission, the company’s issued share capital will consist of 66,698,707 ordinary shares with voting rights.
FCM optimistic on further high grade West Pickle Lake results
First Class Metals plc (FCM) said it was cautiously optimistic following results of further high grade nickle sulphides at the West Pickle Lake earn-in joint venture (JV) at its Canadian Schreiber-Hemlo and Sunbeam project. PROGRAMME The JV lies on the eastern flank of FCM’s 100% owned flagship North Hemlo project. Partner and operator Palladium One Inc […]
FCM notes high-grade assays at West Pickle Lake
First Class Metals plc (FCM) reported high grade results from its Pickle Lake nickel project in Ontario, Canada. PROSPECTIVITY Partner Palladium One has the option to earn-in to an 80% undivided working interest in the project, subject to a three-year work programme commitment. The project, comprising 33 single cell mining claims, sits on the eastern […]