Metals & Minerals News

FCM aims to drill as Ontario field work begins

First Class Metals plc (FCM) has started field operations on its metals exploration projects, with the aim of drilling at least one, in Ontario, Canada. MCKELLAR The company began at McKellar with sawn channel sampling of the rare earth element (REE) diatreme. Current sampling will be used to verify and possibly expand the potential outlined […]

Metals & Minerals News

FCM to advance exploration before sale or JV for Ontario licences

First Class Metals plc said it planned to advance it exploration strategy before selling or entering a joint venture (JV) for its metals’ licences in Ontario, Canada. STRATEGY In the company’s final results for the year ended 31 December 2022, chief executive Marc Sale added that most of the six out of nine properties explored […]

Metals & Minerals News

FCM notes West Pickle Lake mineralised zones

First Class Metals plc continues to report positive results from exploration with wide zones of nickel-copper mineralisation intersected at West Pickle Lake in Ontario, Canada. POTENTIAL The company’s joint venture partner and operator Palladium One Inc, which has the option to earn in up to 80% of the project, has to date drilled 32 holes […]

Finance Metals & Minerals News

FCM receives full grant payment for North Hemlo exploration

First Class Metals plc (FCM) has received full payment of its 2022-23 Ontario junior exploration grant (OJEP) for work carried out on its flagship North Hemlo property. DISCOVERY OJEP helps junior mining companies finance early stage exploration projects in Ontario. The payment of CA$140,000 of the maximum $200,000 grant to FCM is for the successful […]

Metals & Minerals News

FCM signs earn-in for Zigzag lithium project

First Class Metals plc (FCM) has signed an earn-in agreement with Nuinsco Resources Ltd for a new lithium project in northwest Ontario, Canada. STRATEGIC The deal, first announced in December 2022, is for Zigzag which lies less than 100km from Armstrong in the Seymour Lake area close to current and future planned key infrastructure. The […]