First Class Metals plc has signed an exploration agreement with the Netmizaaggamig Nishnaabeg First Nation, covering the North Hemlo, Esa and Sugar Cube properties in Ontario. DRILL-READY The contract allows the company to continue mineral exploration with the support of the community within their traditional territories. “The agreement promotes unity and a mutually beneficial and […]
Tag: First Class Metals plc
FCM directors loan 12m shares to raise £603,000
First Class Metals plc executive chairman and executive director have lent a total 11,990,665 ordinary shares to the company to raise £603,000 for the company via a placing. STOCK LENDING The ordinary shares each of £0.001 par value at a price of 6 pence per placing share represent a 16% discount to the mid-market closing price […]
FCM granted more permits for Enable-McKellar
First Class Metals plc (FCM) has been granted further exploration permits for its Enable and McKellar properties from the Ontario Ministry of Mines. COLLABORATION The three-year permits are effective until 16 November 2026 and will allow stripping, trail cutting and diamond drilling. Enable, with proven mineralisation and historical showings including Perch Lake reporting 1.85ppm gold, will […]
FCM grab sample results add confidence in Zigzag
First Class Metals plc (FCM) said final results from the first phase of exploration at the Zigzag lithium project further supported the property’s potential. CONFIDENCE Grab samples identified a 350-metre strike with >1% Li2O remaining open at both ends. The company has completed channel sampling in the central area of the property, with results pending from […]
FCM granted exploration permits for North Hemlo-Esa
First Class Metals plc (FCM) has been granted two exploration permits for the company’s North Hemlo and Esa polymetallic properties in the Hemlo area of northwest Ontario. DRILL LOCATIONS The company said it was on target to bring four of its properties to drill-ready status, with the possible exception of Esa, and to drill one […]
FCM NED Danesh Varma leaves
First Class Metals plc non-executive director Danesh Varma has resigned to pursue other interests as Andrew Williamson becomes NED, effective 15 October. Mr Varma will continue as an advisory consultant when required regarding corporate matters due to his extensive experience in Canada. “On behalf of the board of directors, I would like to thank Danesh […]