First Class Metals plc said it was seeking new funding after its largest investor The Seventy Ninth Group Ltd appointed administrators. DISCUSSIONS The move follows a current fraud investigation by City of London Police into Seventy Ninth and the subsequent resignation of the chairman of both companies David Webster. In December 2024, FCM secured a […]
Tag: Ontario – Canada
Focus appoints James Tosh as NED
Focus Xplore plc has appointed James Tosh as non-executive director, as previously expected. Mr Tosh is a programme manager, senior project manager and operations executive with 20 years’ experience in senior leadership roles. He is currently chief operating officer of Power Metal Resources plc. Mr Tosh has held senior management positions across the UK, Australia, Africa, and Canada, developing global junior […]
Focus raises £317,500 via placings
Focus Xplore plc has raised an aggregate £317,500 via placing new ordinary shares to progress activities in Ontario, Canada. TVRs The fundraise started in February under the company’s previous name of Katoro Gold with a placing of 635 million new ordinary shares, at a placing price of 0.05p per placing share to raising £307,500. The […]
Panther sells remaining shares in Fulcrum
Panther Metals plc has sold its remaining 7,625,122 ordinary shares, each of nominal value of one pence, in Fulcrum Metals plc for £266,879.27, net of fees and expenses. The sale on 7 April 2025 was at a price of 3.5 pence per ordinary share and is equal to 12.33% of Fulcrum’s issued share capital. Panther […]
Panther returns ‘standout trends’ at Dotted Lake
Panther Metals plc has returned “highly anomalous standout gold and critical mineral trends and anomalies” from a combined 1,472 assay dataset at Dotted Lake in Ontario, Canada. INTENSITY The high-resolution soil surveys from 2024 and 2021 cover a 6km strike length on the north shore of Dotted Lake, with analysis undertaken for 53 elements. Returns […]
Power Metal reduces voting rights in FCM
Power Metal Resources plc has reduced its voting rights in its spin-out company First Class Metals plc. A TR-1 notification shows that the decrease from 19.5 to 9.9%, equal to 19,033,802 voting rights, took place on 3 March 2025. FCM holds gold, nickel, copper and lithium assets in Northern Ontario, Canada.