TIDMFCM
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 07488 362641
Marc J Sale, CEO MarcS@Firstclassmetalsplc.com 07711 093532
-------------------------------- -------------
Ayub Bodi, Executive Director 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, t he 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 180km(2) 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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