Potential Disposal of a Controlling Interest
Quantuma Advisory Limited (Quantuma), in its capacity as joint administrators of The 79th Grp Limited (79th Grp) alongside Kroll Advisory Limited (the Joint Administrators) notes that, per the Progress Report filed with Companies House on 24 November 2025, Quantuma are currently in control of the 78,552,084 ordinary shares representing approximately 33.5% of the entire issued share capital in First Class Metals PLC (First Class Metals, FCM or the Company), the UK-listed exploration company advancing high-grade, district-scale gold opportunities in Ontario, Canada (the 79Grp Shares).
The Joint Administrators have been approached by a potential purchaser for a part of the 79Grp Shares but have not yet entered into discussions with any potential purchaser to purchase a controlling interest and there is no guarantee that either a controlling interest or otherwise will be sold or acquired. FCM is informed that the Joint Administrators are seeking further potential purchasers to acquire the remaining interest which may be either (i) all of the remaining 79Grp Shares; or (ii) part of the 79Grp Shares, which would carry in aggregate less than 30% of the voting rights of the Company.
There can be no certainty that any firm offer will be made by the potential purchasers and a further announcement will be made as and when appropriate.
As a consequence of this announcement, an Offer Period has commenced for the Company.
In accordance with Rule 2.9 of the Code, the Company confirms that, as at the date and time of this announcement, it had 233,932,820 ordinary shares of £0.001 each in issue and admitted to trading on the Main Market of the London Stock Exchange and the Company does not hold any shares in treasury. Consequently, 233,932,820 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, FCM under the FCA’s Disclosure and Transparency Rules.
The International Securities Identification Number (ISIN) for the Company’s ordinary shares is GB00BPJGTF16 and the Company’s LEI number is 894500V981ZTFLGVOZ38.
For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Quantuma is Alex Roberts, Director.
For further information
Quantuma
Alex Roberts, Director
Email: Alex.Roberts@Quantuma.com
Tel: +44 (0)161 6949144
First Class Metals
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO and Executive Director
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532