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First Class Metals - Half-year Report

RNS

Released 30 Sep 24

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Announcement summary

First Class Metals - Half-year Report

First Class Metals PLC is pleased to announce its interim results for the six months ended 30 June 2024. Operational highlights include field work initiation in Canada and a geophysical survey at the newly acquired Kerrs Gold Property. Financial highlights include successful completion of a private placement and receipt of grants and tax credits. Future activities involve discussions with Seventy Ninth Resources Limited for asset negotiations. Post-period highlights include share placements and completions of share loans. The company's financial position and liquidity are adequately managed. The half-yearly accounts show a loss per share of 0.87p for the period. The company is focused on its mineral exploration activities and has entered into various property agreements with share issuance obligations. Post-balance sheet events involve further share placements and repayments of share loans. Related party transactions include consultancy expenses and director's fees. Investors are encouraged to engage with the company for further information or questions about this announcement.

This summary was generated by AI. We recommend reading the announcement in full before making an investment decision.

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