First Class Metals - Asset Sales & Funding
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First Class Metals - Asset Sales & Funding
First Class Metals PLC has successfully completed the sale of the McKellar & Enable properties to the Seventy Ninth Group for £270,000, with an additional £230,000 loan facility established with the 79th Group. The funds will be used for working capital and further exploration activities on remaining FCM properties. The sale validates our 'incubator' strategy and enhances our balance sheet without dilution. With gold prices near all-time highs, our portfolio of assets in Ontario, Canada offers significant potential for development. Our commitment to unlocking the value of these projects remains steadfast. Seventy Ninth Resources echoes our sentiment, highlighting the strategic importance of the concession acquisitions and their plans for listing on the TSXV. They are excited about exploring opportunities in base metals like zinc and copper, in addition to gold, manganese, and lithium. This collaboration sets the stage for expanding our exploration footprint globally. Investors are encouraged to reach out for further information or to ask questions about our latest developments. We value transparency and look forward to sharing more about our ongoing progress in metals exploration.
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