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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| First Class Metals Plc | FCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.80 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.80 | 1.80 | 1.80 | 1.80 | 1.80 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 19/12/2024 07:50 by hazl James Knowles, Executive Chairman, commented:"We are delighted to announce the proposed significant investment in First Class Metals by Seventy Ninth Group, a diversified asset manager with a track record of deal selection and value creation. The deal will provide FCM with an enhanced capability to unlock the potential of our northern Ontario assets. This investment demonstrates the strength of our proposition, particularly against the challenging backdrop of UK capital markets. Securing funding of this nature is essential to advancing our exploration efforts and building shareholder value. With the backing of Seventy Ninth Group, a supportive partner with global reach, we are well-positioned to drive forward our projects efficiently and responsibly." |
Posted at 19/12/2024 06:40 by hazl Goodness been ever so busy...outside of shares and I missed this!Very significant development. ' Proposed Investment in two stages by Seventy Ninth Group of approximately £2.18 million subject, inter alia, to FCM shareholder approval · On completion of both stages of the Subscription Agreement, Seventy Ninth Group will own approximately 51.2% of the enlarged share capital of FCM · Strategic investment to accelerate the development of project portfolio · Potential for business synergies to create new project acquisition opportunities · Deal will represent Seventy Ninth Group's first external equity investment in the exploration sector'. |
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 24/11/2024 20:43 by hazl 'First Class Metals: Unlocking Ontario’s Untapped PotentialFirst 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. ' |
Posted at 09/10/2024 11:29 by 7rademark 79th group imo already know the assay test results or have other inside information. We know FCM is way undervalued but they are investing using the assets as insurance. The wider market deems FCMs assets as worthless if you go by the mcap. When the market wakes up we will rerate. |
Posted at 08/10/2024 06:11 by hazl This seems fair to investors in my opinion.No dilution by more shares and we don't have to put our hands in our pockets. 'Key Highlights: · Existing Loan with 79th Group increased from £230,000 to £500,000: This additional funding comes as a further demonstration of the 79th Group's commitment to supporting FCM's strategic goals and ongoing exploration initiatives. · Enhanced Partnership: The Company is delighted to be deepening its relationship with the 79th Group, which continues to conduct detailed due diligence on other FCM assets, opening the potential for additional future transactions. · Exploration Acceleration: Funds will be allocated towards advancing key projects within the FCM portfolio, as the Company remains focused on driving forward exploration activities across its core North Hemlo & Sunbeam properties.' |
Posted at 02/10/2024 14:43 by 7rademark Correct. The mcap of a junior with exploration rights should be at least x5 FCMs current mcap. The market has been spooked by the ceos bungle but it offers an excellent buying opportunity. FCM is illiquid and the share price will multiply with the right news with zero chance of buying any shares. |
Posted at 30/9/2024 09:16 by hazl PostConversation James Knowles reposted First Class Metals PLC. LSE:FCM FRA:WN9 @FirstClassMetal With gold hitting all time highs, it's the right time to be focussing on new discovery in Hemlo Ontario The Hemlo gold story, which captivated audiences in the 1980s, highlights the remarkable discovery that led to the production of 23 million ounces of gold from the Hemlo mine, now operated by Barrick Gold. Despite the area's rich history, no major new mines have been found in over 40 years. However, First Class Metals is looking to change that with their exploration efforts at the North Hemlo site. This presents an exciting opportunity for renewed interest in the region's mining potential. What are your thoughts on our current exploration efforts, and do you believe Hemlo still holds untapped resources? Follow the link below for the full video and comment in our Investor Hub $Gold #Gold #FCM #Ontario |
Posted at 29/9/2024 11:44 by johnsmit2020 Are you seriously comparing GMET to FCM -GMET received 15m in funding from the did , they also have extensive assay results. the Company has raised gross proceeds of £1.98m through the issue of 23,317,643 new ordinary shares of £0.01 each at a placing price of 8.5 pence per share, equating to a market capitalisation of £7.16 million on Admission. The Company's 100% owned Pilot Mountain Project ("Pilot Mountain") hosts a tungsten-copper-silv They have 3x’d from the 8p IPO , but they do have a wad of warrants to churn through and recent dropped from 35 to 20’s .. would you have blamed the board if you were a holder ? Also to add the floated and spent 7mths below ipo price !! Very similar to Fcm , however Fcm had a forced seller who had a loss elsewhere and had to cover using his Fcm position!! Maybe when we get our assay results we can see a price of 5/6p Again :) |
Posted at 27/9/2024 07:21 by hazl For anyone new to FCM.First Class Metals PLC. LSE:FCM FRA:WN9 @FirstClassMetal Highlights ⬇️ ➡️#FCM has successfully secured the full OJEP Grant for three consecutive years, demonstrating the exploration success we have achieved across the North Hemlo and Zigzag properties. ➡️Non- Read the full #RNS here: |
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