REG - First Class Metals - Admission of Shares

FIRST CLASS METALSAnnouncement

19/01/2024 16:00

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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  JamesK@Firstclassmetalsplc.com (mailto:JamesK@Firstclassmetalsplc.com)  07488 362641
 Marc J Sale, CEO                   MarcS@Firstclassmetalsplc.com (mailto:MarcS@Firstclassmetalsplc.com)    07711 093532

 

Novum Securities Limited

(Financial Adviser)

 

 David Coffman/Dan Harris/George Duxberry  www.novumsecurities.com (http://www.novumsecurities.com/)  (0)20 7399 9400

 Novum Securities Limited

 

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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