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 […]
Tag: Ontario – Canada
FCM granted exploration permits for North Hemlo and 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 starts 2023 exploration in Ontario
First Class Metals plc reported progress in exploration activities for its 2023 field season at five of its metals projects in northwest Ontario, Canada. SAMPLING In Zigzag, the company conducted an initial reconnaissance trip under cover of snow to appraise access, returning lithium grades of up to 1.00% and tantalum (Ta) up to 198 ppm. A […]
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 […]
FCM notes WPL wide mineralised zones
First Class Metals plc (FCM) continues to report positive results from exploration with wide zones of nickel-copper mineralisation intersected at West Pickle Lake in Ontario, Canada. RESULTS 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 […]
FCM to take core of Sunbeam gold project
First Class Metals plc (FCM) expects to hold the ‘core’ Sunbeam mine area claims in Ontario as the company prepares for its 2023 exploration programme. SUNBEAM FCM acquired Sunbeam in early 2022 and was awarded exploration permits to allow drilling. The property includes the historic high-grade underground Sunbeam gold mine which operated from 1898 to […]