TIDMFCM
RNS Number : 6739U
First Class Metals PLC
27 November 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
27(th) November 2023
Exploration Agreement signed with Netmizaaggamig Nishnaabeg
First Nation
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 is pleased to
announce the signing of an Exploration Agreement ('EA') with the
Netmizaaggamig Nishnaabeg First Nation ("NNFN" or "the Community")
covering the North Hemlo, Esa & Sugar Cube Properties.
Highlights
-- Under the signed Exploration Agreement, the Company will
continue to conduct mineral exploration with the support of the
Community. The agreement promotes unity and a mutually beneficial
and respectful relationship between First Class Metals and the
Netmizaaggamig Nishnaabeg First Nation .
-- The EA allows for the exploration of the North Hemlo, Esa
& Sugar Cube Properties which are located within the
Traditional Territories of the Netmizaaggamig Nishnaabeg First
Nation.
-- The Exploration Agreement recognizes and respects the
Aboriginal and Treaty rights and interests of the Community with
their constitutional and other legal rights.
-- The Exploration Agreement is in line with the First Class
Metals' commitment to build sincere relationships with First Nation
Communities. We have an active interest and respect for all people,
and we understand the social, environmental, and economic
implications of our activities.
Netmizaaggamig Nishnaabeg First Nation Commented-
"NNFN has a long history of productive engagement with the
mining industry and supports mining activity in areas that are
mutually beneficial to the First Nation and to its industry
partners. We commend the importance First Class Metals places on
engagement with our community, and its commitment to protect our
lands and waters. FCM's pro-active engagement with NNFN is a model
for other companies seeking to work in our territory."
Marc J Sale, First Class Metals CEO Commented -
"I am extremely pleased that the efforts to establish a
transparent honest relationship with Netmizaaggamig Nishnaabeg
First Nation and their representatives has culminated in the
signing of this agreement and I look forward to working with the
Community as we progress First Class's exploration areas. Now this
EA has been granted we intend to imminently start a stripping
program on the Esa Property, with the intention of bringing it to a
true 'drill ready status"
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 has 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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