First Class Metals - Update on Fundraise
Released
Released
Announcement PDF
RNS Number : 1085H
First Class Metals PLC
01 May 2025
The information contained within this announcement is deemed to constitute inside information as stipulated
under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part
of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with
the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this
inside information is now considered to be in the public domain.
FIRST CLASS METALS PLC
1 May 2025
Update on Fundraise
First Class Metals PLC (FCM) notes that The 79TH GRP Limited has appointed administrators and will therefore not
be in a position to complete the second stage of its strategic investment announced on 18 December 2024.
The Company is in early-stage discussions with interested parties regarding alternative funding options which
reflect continued confidence in the quality of the Company's asset portfolio. A range of structures is being
considered, including non-equity solutions. The Company remains committed to securing funding aligned with
shareholders' long-term interests and further updates will be provided as appropriate.
Ends
For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say.
Navigate to our Interactive Investor hub here:
https://fcm-l.investorhub.com/link/MP7o0P
For further information, please contact:
James Knowles, Executive Chair
Email:JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO
Email:MarcS@Firstclassmetalsplc.com
Tel: 07711 093532
Novum Securities Limited (Financial Adviser)
David Coffman / Dan Harris
Website:www.novumsecurities.com
Tel: (0)20 7399 9400
Axis Capital Markets(Broker)
Lewis Jones
Website:Axcap247.com
Tel: (0)203 026 0449
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of
this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy
Policy.
END
UPDMZGGKFMVGKZM
Share your feedback
Discover