REG - First Class Metals - Directorate Change

FIRST CLASS METALSAnnouncement

16/10/2023 07:00

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RNS Number : 1476Q  First Class Metals PLC  16 October 2023

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

16(th) October 2023

Appointment & Resignation of Non-Executive Directors

 

 

First Class Metals PLC ("First Class Metals" "FCM" or the
"Company") the UK metals exploration company seeking economic metal
discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam and Zigzag
land holdings is pleased to announce the appointment and resignation of
Non-Executive Directors.

 

First Class Metals is delighted to announce the appointment of Mr. Andrew
Williamson as Non-Executive Director of First Class Metals PLC, effective from
the 15(th) October 2023. With Andrew's extensive experience in listing
companies on major stock markets globally, as well as his expertise in public
and private corporate transactions and the establishment of domestic and
international funds, his addition to our team brings immense value. Andrew is
a former institutional corporate stockbroker, nomad, and sponsor to the full
list.

 

We are confident that Andrew's wealth of knowledge and expertise will greatly
contribute to the growth and success of First Class Metals.

 

First Class Metals also announces the resignation of Mr. Danesh Varma,
effective from the 15(th) October as Non-Executive Director, as he has decided
to pursue other interests. However, due to his extensive experience in Canada,
Mr. Varma will continue to support the company in a consulting capacity
regarding corporate matters when required.

 

We extend our appreciation to Mr. Varma for his valuable contributions during
his tenure as a Non-Executive Director and look forward to his continued
involvement in an advisory role.

 

Ayub Bodi, Executive Director of First Class Metals PLC, commented

"On behalf of the board of directors, I would like to thank Danesh for his
contributions as Non-Executive Director; we are grateful for his efforts at
First Class Metals and wish him well in his future endeavours. At the same
time, we are pleased to welcome Andrew whose experience and international
network will support the growth of the business"

 

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
 Ayub Bodi, Executive Director      AyubB@Firstclassmetalsplc.com (mailto:AyubB@Firstclassmetalsplc.com)    07860 598086

 

First Equity Limited

(Financial Adviser & Broker)

 

 Jonathan Brown     0207 3742212
 Jason Robertson    0207 3742212

 

First Class Metals PLC - Background

 

First Class Metals is focussed on exploration in Ontario, Canada which is
considered a top global destination for exploration with 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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