First Class Metals plc has completed its 80% earn-in to the Zigzag lithium-rubidium-gallium-tantalum project in northwestern Ontario, Canada. STRATEGIC The March 2023 option agreement with Nuinsco Resources Ltd will create a 80-20% joint venture between the two companies. The company’s work to secure the controlling share of the project included cash, share and exploration expenditure […]
Tag: Nuinsco Resources Ltd
First Class issues shares to secure ZigZag lithium
First Class Metals plc has made the final shares payment, under an option agreement with Nuinsco Resources Ltd, towards a controlling interest in the Zigzag lithium property in Ontario, Canada. PEGMATITE The exploration project is also considered prospective for “a suite of critical metals including rubidium, gallium and tantalum”. First Class will issue 2,277,816 new […]
FCM signs exploration deal for Zigzag lithium
First Class Metals plc has signed a three-year agreement with Whitesand First Nation for initial exploration on the Zigzag lithium project in the Seymour Lake area of northwest Ontario. PARTNERSHIPS The company has an earn-in agreement with Nuinsco Resources Ltd on the project which at the time had undergone no discussions with the First Nations. […]
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 […]