First Class Metals plc has issued 3,711,401 new ordinary shares to convert a £50,000 portion of loan notes issued on 12 November 2025. TVRs Following admission, the company’s issued share capital will consist of 237,644,221 ordinary shares of 0.1p each, with voting rights. First Class does not hold any shares in treasury. The company holds […]
Tag: Dead Otter trend
First Class starts 700m drilling at North Hemlo
First Class Metals plc has started a minimum 700-metres of NQ diamond core drilling on its North Hemlo gold-molybdenum-nickel-copper property in Ontario, Canada. DEVELOPMENT The Dead Otter trend is the priority target, followed by at least two further locations including Dead Otter trench. The company said it had also begun interpretation of the very low […]
First Class secures £500,000 CLN
First Class Metals plc has agreed a convertible loan note for £500,000 with an “international institutional investor” to fund drilling the Dead Otter gold trend on North Hemlo in Ontario, Canada. USES The interest-free CLN matures in 12 months and has a conversion price of 80% of the lowest five-day VWAP prior to any conversion notice. The […]
FCM assays support Dead Otter ‘gold trend’
First Class Metals plc said that photon assays of previous samples had revealed a new area of gold anomalism at the Dead Otter trend within its North Hemlo property in Ontario, Canada. DISTRIBUTION The company sent 25 samples of the total collected for re-assaying after earlier results had not reflected the potential gold values. Chief […]
FCM accelerates Dead Otter exploration
First Class Metals plc has upgraded the Dead Otter trend within its North Hemlo property to “high profile” target and accelerated exploration with a “potentially significant impact”. DISCOVERY The project was previously confirmed to have a discontinuous 3.7km long gold trend, open along strike, in the south of the property. Gold was also panned from […]
FCM pans gold from Dead Otter trend
First Class Metals plc (FCM) has observed and panned gold from grab samples on the Dead Otter trend at North Hemlo in northwest Ontario, Canada. CONFIDENCE The company added that a number of gold flecks were seen in the ‘tail’ in the panning dish. “This is significant in not only proving the presence of gold […]