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 […]
Tag: First Class Metals plc
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 […]
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 […]
First Class Metals receives £75,000 via warrant exercise
First Class Metals plc received £75,000 following notices to exercise warrants over 600,000 ordinary shares. On admission, the company’s issued share capital will consist of 71,394,589 ordinary shares with voting rights.
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 […]
FCM stakes further eight claims next to McKellar
First Class Metals plc (FCM) has staked a further eight claims, each of 400ha, contiguous to its McKellar volcanic massive sulphide property in Ontario, Canada. TRENDS The property, previously comprising 58 claims across 12km², lies some 25km from the town of Marathon. The additional staking follows results from grab samples at McKellar and nearby occurrences […]