First Class Metals PLC (FCM) notes that The 79^TH GRP Limited has appointed administrators and will therefore not be in a position to complete the second stage of its strategic investment announced on 18 December 2024.

The Company is in early-stage discussions with interested parties regarding alternative funding options which reflect continued confidence in the quality of the Company’s asset portfolio. A range of structures is being considered, including non-equity solutions. The Company remains committed to securing funding aligned with shareholders’ long-term interests and further updates will be provided as appropriate.

 

Ends

 

For Further Information:

Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:

https://fcm-l.investorhub.com/link/MP7o0P

For further information, please contact:

James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641

Marc J Sale, CEO
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532

Novum Securities Limited (Financial Adviser)
David Coffman / Dan Harris
Website: www.novumsecurities.com
Tel: (0)20 7399 9400

Axis Capital Markets (Broker)
Lewis Jones
Website: Axcap247.com
Tel: (0)203 026 0449