First Class Metals Raises £1m to Accelerate Sunbeam Gold Exploration
@StockBoxMedia spoke to James Knowles, Chairman at
@FirstClassMetal (LSE: FCM), following the company’s £1 million placing.
Watch below ⬇️
youtu.be/JEQEnuTylfU?si=dQgJ…
➡️James said the raise was opportunistic rather than urgent, with funds secured at around 150% above the company’s previous March placing price.
➡️The strategic transaction remains on track, with both parties working constructively towards completion, though the final timing is outside the company’s control.
➡️Funds will mainly support expanded exploration at Sunbeam, including further work around the Pettigrew trend, possible follow-up at Roy, and wider evaluation of the project’s 30km of mineralised trends.