First Class Metals plc has issued 15,914,535 new ordinary shares to clear a shares loan, meet options and accelerated share-based payments, and satisfy professional fees for its projects in Ontario, Canada. PROPERTIES The company allotted 9,500,001 new ordinary shares of £0.001 each to executive chairman James Knowles to settle his loan of shares. The company […]
Tag: Ontario – Canada
Fulcrum agrees deal with AAN over gold tailings
Fulcrum Metals plc has signed a formal “collaborative working agreement” with Apitipi Anicinapek Nation (AAN) relating to the Teck Hughes and Sylvanite tailings projects in Kirkland Lake, Ontario. LEGACY The agreement also lays the foundation for future agreements on “shared benefits and opportunities” from the projects. Fulcrum said that the two parties had held “extensive” […]
Fulcrum directors raise £140,000
Fulcrum Metals plc has raised £140,000 from a directors’ subscription of 2.8 million new ordinary shares at the issue price of five pence. TAILINGS On 23 May chief executive officer Ryan Mee subscribed for 2.3m shares for £115,000 and now has 9,973,910 ordinary shares, equivalent to 15.43% of the enlarged share capital. Chief financial officer […]
Fulcrum secures non-cyanide leaching licence
Fulcrum Metals plc has secured exclusive non-cyanide technology licensing to recover metals from its tailings projects in Kirkland Lake and the Timmins and Kirkland Lake mining regions in Ontario, Canada. POTENTIAL The company signed a four-year master licence agreement (MLA) to use Extrakt Process Solutions LLC’s proprietary technology to develop gold mine waste at the […]
FCM investor appoints administrators
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 […]
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 […]