ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

FCM First Class Metals Plc

1.60
-0.10 (-5.88%)
14 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
First Class Metals Plc LSE:FCM London Ordinary Share GB00BPJGTF16 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -5.88% 1.60 995,265 13:03:59
Bid Price Offer Price High Price Low Price Open Price
1.50 1.70 1.70 1.55 1.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec -1.58M -0.0162 -0.99 1.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:35:51 O 100,004 1.60 GBX

First Class Metals (FCM) Latest News

First Class Metals (FCM) Discussions and Chat

First Class Metals (FCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-14 13:35:511.60100,0041,600.06O
2025-01-14 12:58:171.60100,0031,595.05O
2025-01-14 12:29:171.59100,0021,590.02O
2025-01-14 10:58:431.60100,0011,597.02O
2025-01-14 10:30:051.52300,0004,545.00O

First Class Metals (FCM) Top Chat Posts

Top Posts
Posted at 14/1/2025 08:20 by First Class Metals Daily Update
First Class Metals Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker FCM. The last closing price for First Class Metals was 1.70p.
First Class Metals currently has 97,653,420 shares in issue. The market capitalisation of First Class Metals is £1,562,455.
First Class Metals has a price to earnings ratio (PE ratio) of -0.99.
This morning FCM shares opened at 1.70p
Posted at 12/1/2025 20:34 by bigego
It’s not easy soul.

There are no right answers nor wrong ones.

I expect the next 12 months will define the situation.

FCM have worked hard to be successful but at present I will acknowledge the share price is poor. I am down maybe 50% but I see a very positive future with the 79th deal.

The board whatever your views have brought these people to the table.

If the company can now reverse the share price action whilst the market around them continues to contract we will see multiple failures and FCM will not be one of them.

FCM could come through this a strong force in a very poor market.
Posted at 12/1/2025 19:36 by bigego
Okay Gimme, indulge me.

hxxps://wp-gtmetals-2023.s3.ca-central-1.amazonaws.com/media/2024/11/28152709/GT-MDA-Q3-2024-FINAL.pdf

Read GT Metals last report, page 8.

They are the operator of the West Pickle Lake discovery that Gimme often refers to. I believe GT have 80% and FCM 20%. FCM are the minority holder and it appears GT are the controlling operators. So FCM have zero control over the activity.

It also seems GT do not have any control either because if you read there quarterly reports due to First Nations issues they haven’t in three years now managed to renew or gain new exploration permits for the Tyko project which includes West Pickle Lake. Hence no action of note for 18 months.

In effect despite the success of the drill bit the project is moribund and given the way Cad First Nations are now funded (Google Robinson Treaty reparations)it is quite likely they may never get these permits. Hence the project albeit high grade in that area (was very skinny and at depth with no chance of being a standalone success) will never progress.

What’s your thoughts on this Gimme. I realise it’s the agenda you often play here reading your past posts.

Tell me what FCM could have done differently to make this currently unsuccessful project (due to permits) a success.

Meanwhile the useless team at FCM (chutes and soup sauce) managed to gain multiple drilling/exploration permits for North Hemlo despite their much longer standing cashed up local neighbours failing to achieve the same.

Can we please acknowledge these points at least.
Posted at 06/1/2025 23:33 by gimmetheloot
Markets have been bad for a long while now!! Like I said a good captain will navigate accordingly. You can throw as much money as you want like FCM has so what you carry on doing the same whilst the share price declines like it has been doing for the last 2 years. Market hasn’t got a clue which direction FCM is going so you blame the market 🤣
Posted at 06/1/2025 18:10 by dorset64
The big difference is FCM have now a funders to take them through to production, Palm does not.Palm will have to go back to market just to stay alive/explore many many times before they get anywhere near to having the funds to construct the site in to a producing one.Whereas FCM now have the backers in place, cash rich, world renowned, a huge company that instead of just looking at the next assay drill results, can now with the right results look forward to building a mine in to construction.For Palm to get to that point they will have been diluted many many times and who knows, they may not even get those funds in these markets other than to keep the lights on. IMO right now FCM are way ahead of Palm and by far the safer investment given they already have a large backer, Palm does not.So your continual comparisons of the past is just that, in the past as going forward, FCM withheld right assay results will be looking to design & build their mines whilst Palm will be looking for their next fundraise just to drill the next set of holes. Look to the future not complain about the past.
Posted at 04/1/2025 15:42 by bigego
The issue of the share price making him a good/bad CEO is utter nonsense. In this industry which is a gamble, you can be the most competent in the world and still never achieve discovery success of an economical project.

Share price is also a factor that is quite out of control for most of these companies, its the London market that is broken not the company nor the CEOs ability.

Was he a good CEO for six months when the share price was riding high and then became a bad one when the share price went down?

The company has made significant progress since IPO and now holds the backing of a big player.

Lot to look forward too here. No matter what the agenda driven trolls who are likely ex employees or contractors they have binned off. No sane person posts with the agenda focus like some of the trolls here.
Posted at 03/1/2025 17:53 by dorset64
Personally I think you are talking, to a degree, absolute nonsense.He was, given the share price performance a useless CEO but on that note, I'm coming from a slightly different angle of looking forward instead of in the past, as I've only recently bought in.Previously he was CEO of 'his own' company and made decisions through his board and ultimately had the overall sway of those. Now, and withthe 79th group now being overall owners of the company, he now has people to report to and of whom have paid £m's to be in that position. Do you honestly believe they won't oversee what he is doing, how he plans to spend their money and as to what, if any, projects FCM buy in to in the future.This is now a totally different animal to that of before and I for one am more relaxed about my investment with 79th Group at the helm than FCM struggling to go it alone. Any future decisions will no longer be solely his but at the direction and most likely request of the 79th Group so, imo, your comments are way out of date and miles from the truth however time will ultimately tell. Just imo.
Posted at 31/12/2024 13:08 by dorset64
Mike R:Year-end Shareholder Letter   First Class Metals PLC ("First Class Metals," "FCM," or the "Company"), the UK-listed metals exploration company advancing economic metal discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam, Kerrs and Zigzag land holdings, is pleased to provide an end-of-year shareholder update, reflecting on a pivotal year and looking ahead to an ambitious and transformative 2025.Dear Shareholders,As we close 2024, I reflect on a year that has been challenging for small-cap resource companies. Capital markets have been particularly difficult, with limited liquidity and investment opportunities. Despite these headwinds, the conditional investment agreement with The 79th GRP Limited ("79th GRP"), once completed, is expected to position the Company for substantial growth and progress.With all-time high gold prices and a growing global demand for sustainable energy and technology metals from secure jurisdictions, the macroeconomic environment presents a compelling opportunity for growth. The funding package from 79th GRP positions us to thrive in this favourable landscape, enabling us to capitalise on market dynamics and the potential to achieve significant milestones in 2025. This partnership highlights the strength of our portfolio and underscores our commitment to creating long-term value for our shareholders.2024: A Year of Pivotal ProgressThis year, our efforts culminated in securing the confidence and support of 79th GRP through a conditional subscription agreement. This partnership, once completed, is expected to bolster our financial resources and bring strategic expertise and global reach to support our growth.Key highlights of this investment include:Proposed Investment: A total of approximately £2.18 million in two stages, subject to FCM shareholder approval.Majority Stake: Upon completion of both stages, 79th GRP will own approximately 51.2% of the Company's enlarged share capital.Strategic Acceleration: This investment will accelerate the development of our project portfolio.Synergies: The potential for business synergies to create new project acquisition opportunities.Exploration Sector Debut: This deal marks 79th GRP's first external equity investment in the exploration sector.This investment is not just a financial milestone but an important step for FCM, providing resources to support corporate activity and exploration efforts across our portfolio while leveraging the global reach and strategic expertise that 79th GRP brings to enhance our opportunities and market impact.HighlightsThroughout 2024, we advanced our flagship projects, each progressing towards delivering added value:North Hemlo:Continued exploration along the "Dead Otter Trend" has elevated it to a high-profile target.Confirmed the presence of a 3.7km long gold trend, open along strike, with visible gold observed in multiple grab samples.Highlights include assay results of up to 19.6 g/t Au from grab samples, with additional high-grade results of 13.6 g/t Au nearby.Structural similarities to Barrick's Hemlo mine, located 23km to the south, add significant exploration potential.Exploration permits are in place, and a comprehensive stripping and channel sampling programme has been initiated to delineate drill targets.Full results from the channel sampling and soil sampling on the Dead Otter Trend are expected in the early new year. This remains a priority target for the Company, alongside the Sunbeam project, which are key focuses and priorities for 2025.Sunbeam:Results from channel sampling at the Roy prospect confirmed high-grade gold mineralisation, including:18.8 g/t Au over 0.3m in a channel sample.6.27 g/t Au over 0.35m in mafic schist with quartz veinlets.4.98 g/t Au over 0.5m in sheared porphyry.Sampling at Pettigrew returned encouraging results, including:13.0 g/t Au in a grab sample from quartz rubble.3.5 g/t Au over 0.2m in a quartz vein with galena and chalcopyrite.These results highlight the potential for broader mineralised zones and future exploration opportunities.Zigzag:Results from our inaugural drill programme exceeded expectations, confirming and enhancing the potential of the property.Significant assay results included:4.3m @ 1.65% Li?O, including 1m @ 2.93%.5.0m @ 1.5% Li?O, including 0.2m @ 5.19% and 5.75m @ 0.21% Rb?O.6.5m @ 1.09% Li?O, including 0.5m @ 2.76%.Elevated grades of key technology-critical metals, including gallium (Ga), rubidium (Rb?O), caesium (Cs), and tantalum (Ta).Additionally, the Zigzag property's location benefits from significant local investment in lithium and technology metals processing infrastructure, spearheaded by Green Technology Metals, further supporting the region's development as a hub for sustainable resource production.Kerrs Gold Project:Acquired in 2024, the Kerrs Gold Project in Northeastern Ontario holds a historic NI43-101 resource estimate of 386,467 ounces of gold (Au), highlighting its significant potential for future development.Located in the prolific Timmins Mining Camp, home to nearby producing gold mines operated by Newmont and McEwan Mining.A comprehensive historical data review is planned alongside the interpretation of the new geophysics survey flown in the summer. FCM intends to revisit the drill data with a view to optimising the grade over tonnes.The Strategic Vision for 2025As we look ahead, 2025 is set to be a transformative year, with a focus on leveraging the partnership with 79th GRP to drive operational, financial, and strategic milestones. Our goals for the coming year include:Accelerated Exploration: Focused efforts on advancing North Hemlo and Sunbeam, enhancing geological understanding and supporting a well-capitalised programme of targeted drilling.Strategic Transactions: Exploring opportunities for joint ventures, earn-ins, and other corporate partnerships to unlock further value from our portfolio.New Opportunities: Actively seeking promising new mineral properties both within Ontario and globally to expand our portfolio and support our 'project incubator' model. With the backing of 79th GRP, we are well-positioned to capitalise on acquisition opportunities that align with our growth strategy and deliver significant shareholder value.These efforts will be supported by the expertise of our existing management team, whose extensive track record in exploration and operational success provides a strong foundation for future growth. Alongside this, our incoming non-executive chairman, David Webster, will bring additional experience in high-value investments and strategic growth, complementing the team's capabilities. Together, we are well-equipped to navigate the next chapter and drive FCM's progression towards becoming a leading exploration company. Building for the Long TermThe investment by 79th GRP is not just a momentary boost-it is the beginning of a long-term partnership that will shape the future of First Class Metals. With their support and the dedication of our highly experienced team in Canada and the UK, we are well-positioned to deliver value to our shareholders and stakeholders alike.As we embark on 2025, we are more confident than ever in the strength of our portfolio, the dedication of our team, and the potential of our projects. Together, we will unlock the considerable value that northern Ontario's mineral resources hold.Thank YouI would like to thank you, our shareholders, for your unwavering support and trust in First Class Metals. This has been a year of hard work, transformative change, and encouraging progress. We are ready to carry this momentum into 2025 and beyond, ensuring that your investment in FCM delivers significant value.On behalf of the Board, I wish you and your families a happy and prosperous New Year.Best regards, James Knowles Executive Chairman First Class Metals PLC
Posted at 18/12/2024 13:00 by dorset64
Another point to note is that at circa 2.1p the current m/cap of FCM is £2.1m.

79th Group are investing, with both tranches also £2.1m but for only 51.2% of the company. They obviously understand that with the assays released and the in ground value the overall value of the company is circa £4m pre-feasabilty study price.

That is double todays share price and pre-feasability price which again shows great confidence in what FCM have and even greater confidence, imo, that the share price will be many times of todays price in the near to mid future.

Read between the lines guys as to what they are telling us as they, not us, have the inside info and are basing their investment case on it imo.
Posted at 18/12/2024 12:31 by dorset64
Funding sorted by a now 'in-house' backer and, in these markets & especially London, getting any type of finance away is literally liquid gold.

Further to this they, 79th group, obviously have faith in their investment today as they have agreed to take their options of 64m shares only exercisable within 3 years at a price of 5p, a increase of some 150% above todays price, and a further 64m shares at a price of 10p within 5 years, a huge circa 500% increase to todays prices.

They wouldn't had agreed on those prices unless they themselves were pretty confident the share price will be in excess of 5p in three years & 10p within 5 years.

I'm guessing with this news out of the way now, they can release the overdue assay results but again, I doubt very much that the 79th Group would had invested today if the assay results were nothing but great?
Posted at 24/11/2024 20:43 by hazl
'First Class Metals: Unlocking Ontario’s Untapped Potential

First Class Metals (FCM), a UK-listed exploration company, has set its sights on the rich mineral landscapes of Northern Ontario, Canada. With a strategic portfolio of projects spanning gold, lithium, nickel, and other critical minerals, FCM aims to uncover high-value deposits in some of the region’s most promising geological terrains. The company’s focus on exploration aligns with the growing global demand for critical metals and precious minerals, positioning it as a noteworthy contender in the small-cap mining sector.

Strategic Projects Across Ontario

FCM’s flagship property, North Hemlo, lies in close proximity to Barrick’s renowned Hemlo gold mine, which has produced over 23 million ounces of gold. North Hemlo’s Dead Otter Trend has shown promising signs of gold mineralization, with grab samples reporting grades as high as 19.6 g/t Au. Ongoing stripping and sampling along the 4.5 km gold-anomalous trend are expected to guide FCM’s next drilling campaign. The project’s geological profile suggests potential for both precious and base metals, underpinned by a strong correlation to pathfinder elements like molybdenum and telluride.

The Sunbeam Gold Project further strengthens FCM’s gold-focused portfolio. This historically producing mine is surrounded by a 70 km² property hosting multiple mineralized structures. Modern exploration, including channel sampling and diamond drilling, has confirmed high-grade gold mineralization. Intercepts include 93.3 g/t Au over 0.44m, validating the project’s potential for significant resource expansion.

FCM’s Zigzag Lithium Project, located in Ontario’s emerging lithium belt, has also attracted attention. Recent drilling has identified high-grade lithium (Li2O) intercepts, such as 5.5m at 2.4% Li2O, alongside elevated concentrations of tantalum, rubidium, and gallium—key components for the battery and electronics industries. With an exploration permit in place and strong results from initial campaigns, Zigzag represents a compelling opportunity in the rapidly growing lithium market.

Meanwhile, the Kerrs Gold Project adds diversity to FCM’s portfolio with a 386,000-ounce NI-43-101 gold resource in Timmins, a prolific mining district. This project complements FCM’s broader focus on gold exploration, offering a defined resource with room for expansion through additional drilling.

Financial Backing and Strategic Partnerships

FCM’s financial position is bolstered by a mix of equity raises, grants, and strategic funding agreements. Notably, the Ontario Junior Exploration Program (OJEP) has provided non-dilutive funding to support exploration at North Hemlo, highlighting the project’s regional importance. In 2024, the company deepened its relationship with the 79th Group, increasing its loan facility to £500,000 to advance key exploration activities.

FCM’s partnerships also extend to operational collaborations. Its West Pickle Lake Project, held in joint venture with Palladium One, is a drill-proven nickel-copper sulphide discovery. The project has already seen significant drilling progress, with mineralization remaining open along strike, offering potential for further resource expansion.

Challenges and Risks

Like all early-stage exploration companies, FCM faces inherent risks. The company’s success is contingent on discovering economically viable deposits, and exploration results can be unpredictable. Additionally, the remote locations of its properties in Northern Ontario present logistical challenges, including higher transportation and operational costs.

Financial sustainability is another key consideration. While FCM has secured various funding sources, its reliance on external capital to support exploration activities introduces a degree of uncertainty. Fluctuations in commodity prices, particularly for gold and lithium, could also impact the company’s valuation and ability to raise additional funds.

Regulatory hurdles, such as obtaining permits and navigating environmental guidelines, add further complexity. However, FCM has made significant strides in engaging with First Nations communities, securing exploration agreements, and obtaining necessary permits for its key projects.

'
First Class Metals share price data is direct from the London Stock Exchange

First Class Metals Frequently Asked Questions (FAQ)

What is the current First Class Metals share price?
The current share price of First Class Metals is 1.60p
How many First Class Metals shares are in issue?
First Class Metals has 97,653,420 shares in issue
What is the market cap of First Class Metals?
The market capitalisation of First Class Metals is GBP 1.66M
What is the 1 year trading range for First Class Metals share price?
First Class Metals has traded in the range of 1.50p to 6.05p during the past year
What is the PE ratio of First Class Metals?
The price to earnings ratio of First Class Metals is -0.99
What is the reporting currency for First Class Metals?
First Class Metals reports financial results in GBP
What is the latest annual profit for First Class Metals?
The latest annual profit of First Class Metals is GBP -1.58M
What is the registered address of First Class Metals?
The registered address for First Class Metals is FRECKLETON BUSINESS CENTRE SUITE 16, FRECKLETON STREET, BLACKBURN, LANCASHIRE, BB2 2AL
What is the First Class Metals website address?
The website address for First Class Metals is www.firstclassmetalsplc.com
Which industry sector does First Class Metals operate in?
First Class Metals operates in the MISCELLANEOUS METAL ORES,NEC sector

Your Recent History