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: North Hemlo – Ontario – Canada
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 […]
FCM raises £520,000 and plans asset cash sale
First Class Metals plc has boosted its finances with a £520,000 fundraise and proposed cash sale of one of its properties in Northern Ontario, Canada. PROGRESS Chairman James Knowles said that the company had to act decisively following the withdrawal of the second stage investment from The Seventy Ninth Group, which is subject of Police […]
FCM loan increases for North Hemlo-Sunbeam
First Class Metals plc’s existing loan has further increased from £500,000 to £700,000 for the North Hemlo and Sunbeam gold projects in Ontario, Canada. DRILLING The money from Seventy Ninth Group Ltd, which initially loaned £230,000 in June, adds to the investor’s proposed £2.18 million financing. Funds will be drawn in a single tranche and […]
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 […]