First Class Metals plc has raised £300,000 via a private subscription for 1,875,000 ordinary shares at a price of 16p from a single high net worth resource/battery metals investor. PREMIUM The subscription includes a one-for-one warrant totalling 1,875,000 warrants each at 22p for a three-year period. The private subscription is at a 4% premium to […]
Tag: First Class Metals plc
FCM assays show ‘massive sulphide’ find at West Pickle Lake
First Class Metals plc (FCM) reported assay results showing a “massive sulphide” discovery representing a “major new nickel district” at West Pickle Lake nickel-copper-cobalt project in Ontario, Canada. JOINT VENTURE The Pickle Lake project area comprises 33 single cell mining claims over which Palladium One Inc has the option to earn in to an 80% interest […]
First Class receives £35,998 through warrants exercise
First Class Metals plc has received £35,998.50 following notice to exercise warrants over a total of 359,985 ordinary shares. Following admission, the company’s issued share capital will consist of 66,698,707 ordinary shares with voting rights.
First Class optimistic over West Pickle Lake results
First Class Metals plc said it was “cautiously optimistic” following results of further high grade nickel sulphides at the West Pickle Lake earn-in at its Canadian Schreiber-Hemlo and Sunbeam project. POTENTIAL The joint venture lies on the eastern flank of FCM’s 100% owned principal North Hemlo project. Partner and operator Palladium One Inc has the option […]
FCM notes high-grade assays at West Pickle Lake
First Class Metals plc (FCM) reported high grade results from its Pickle Lake nickel project in Ontario, Canada. PROSPECTIVITY Partner Palladium One has the option to earn-in to an 80% undivided working interest in the project, subject to a three-year work programme commitment. The project, comprising 33 single cell mining claims, is on the eastern […]
FCM looks to acquire Sunbeam gold project
First Class Metals plc (FCM) plans to acquire the three claims covering 48km2 of developed gold mines in the Sunbeam project in northwest Ontario, Canada. SUNBEAM The potential purchase from Canadian vendor Nuinsco Resources Ltd lies in Ramsay-Wright township in the Superior Province of the Canadian Shield. The property comprises the Sunbeam mine, which operated […]