First Class Metals - Admission of Shares
Released
Released
Announcement PDF
RNS Number : 3491A
First Class Metals PLC
19 January 2024
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
19 January 2024
Admission of Shares
First Class Metals PLC ("First Class Metals" "FCM" or the "Company"), the UK listed metals exploration
company seeking economic metal discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam and
Zigzag land holdings, announces that, further to the announcement dated 17 January 2024, the ordinary shares
will now be admitted to trading in the following four tranches:
i)
13,134,410 Shares will be admitted to trading on or around 23 January 2024;
ii)
2,626,882 Shares will be admitted to trading on or around 26 January 2024;
iii)
525,377 Shares will be admitted to trading on or around 31 January 2024; and
iv)
87,005 Shares will be admitted to trading on or around 5 February 2024.
For the avoidance of doubt, there is a minor change to the number of shares being admitted in tranches 1 and 3
and no change to tranches 2 and 4.
The Company's issued share capital remains 82,045,729 ordinary shares of 0.1p each, with one vote per share (and
no such shares are held in treasury). The total number of voting rights is therefore 82,045,729 and this figure may
be used by shareholders as the denominator for the calculations to determine if they have a notifiable interest in
the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules, or if such interest
has changed.
For further information, please contact:
James Knowles, Executive
Chairman
Marc J Sale, CEO
JamesK@Firstclassmetalsplc.com
07488 362641
MarcS@Firstclassmetalsplc.com
07711 093532
Novum Securities Limited
(Financial Adviser)
David Coffman/Dan
Harris/George Duxberry
Novum Securities Limited
www.novumsecurities.com
(0)20 7399 9400
First Class Metals PLC - Background
First Class Metals is focussed on exploration in Ontario, Canada which has a robust and
thriving junior mineral exploration sector. Specifically, the Hemlo 'camp' is a proven world
class address for gold / VMS exploration. This geological terrane has significant production,
both base / precious metals and a prolific number of exploration projects and numerous
prospector's 'showings'.
FCM currently holds 100% ownership of seven claim blocks covering over 180km² along a 150km
strike of the Hemlo-Schreiber-Dayohessarah greenstone belt which also contains the >23M oz
shear hosted Hemlo gold mine operated by Barrick Gold. Late last year FCM completed the option
to purchase the historical high grade (gold) Sunbeam past producing mine
The significant potential of the properties for precious, base and battery metals relate to:
'nearology' insomuch that all properties lie close to identified mineral anomalism, for example
Palladium One's RJ and Smoke Lake nickel projects are close to the FCM's West Pickle Lake drill
proven Ni-Cu project. This also demonstrates the second critical asset the properties hold: vector,
anomalies, be they geological, geochemical, or geophysical that have demonstrated mineral
potential extend on to FCM's properties.
The inferred shear on the Esa property is being explored by neighbours both to the west and east
where it crosses into their properties. Furthermore, the properties have not been extensively
explored either historically or more contemporaneously. This is attributable to the overall lack of
outcrop. However, modern exploration techniques are better able to 'see through' the ground
cover and to identify anomalies.
Forward Looking Statements
Certain statements in this announcement may contain forward-looking statements which are based on
the Company's expectations, intentions and projections regarding its future performance, anticipated
events or trends and other matters that are not historical facts. Such forward-looking statements can
be identified by the fact that they do not relate only to historical or current facts. Forward-looking
statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan',
'goal', 'believe', or other words of similar meaning. These statements are not guarantees of future
performance and are subject to known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed or implied by such forward-looking
statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements speak only as of the date of such
statements and, except as required by applicable law, the Company undertakes no obligation to
update or revise publicly any forward-looking statements, whether as a result of new information,
future events or otherwise.
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