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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 that its 100% owned subsidiary First Class Metals Canada Inc. (“FCMC”) has received notification from the Ontario Province of the granting of two further Exploration Permits.

The permits are effective for a period of three years until expiry on the 16th November 2026. The permitted activities are: stripping, trail cutting and diamond drilling,


  • Exploration permits for Enable and McKellar received from the Ontario Ministry of Mines.
  • FCMC now holds six exploration permits over properties of great merit.
  • The area covered by valid exploration permits has expanded significantly, encompassing nearly 200km² of land. Within this vast area, we have identified numerous priority drill targets across each of our properties. These targets hold immense potential for exploration and discovery.


The Enable property is transected by a regional structural contact with an inferred extent of 5km, within the property, with proven mineralisation. Historical showings on the property include Perch Lake reporting 1.85ppm Au. FCM has validated that assay as well as several hundred metres away identified outcrop with assays up to 7ppm Au and 80ppm Ag. Further work, initially stripping is warranted.


The ~12.5km² McKellar property only 25km from Marathon and adjacent to highway I17 contains a plethora of historic showings including gold, silver (Old Pic silver mine historical reports over 20oz Ag) a REE bearing diatreme and importantly a >400m mineralised  trend, open along strike, containing >4% zinc (Zn) As well as associated anomalies in lead and copper. Previous work by Noranda postulated this anomalous structure was a potential VMS – volcanic massive sulphide.

Marc J. Sale, CEO of FCM commented:

 “I am gratified and humbled that the relationship with the First Nations with whom we interact has been recognised in the granting of these Permits. Currently we now have six permits, along with three Memorandums of Understanding (MoUs) and an Exploration agreement signed with four separate First Nation groups. I would also like to extend my thanks to the staff of the Ontario Ministry of Mines for their diligent work in issuing the permits.

 These permits will enable us to conduct focused exploration efforts, with the ultimate aim of further refining delineating drill targets and commencing drilling operations. The mutual respect and collaboration we have fostered with the First Nations is of utmost importance to us, and we are honoured to have made such significant progress across the majority of our portfolio.”

Other currently active Permits include:

  • Sunbeam (two Permits), gold focus. Stripping and channel sampling completed across thee zones of interest, results still outstanding for the Sunbeam & Pettigrew areas.
  • Zigzag, hard rock lithium/critical metals. Channel sampling results pending
  • Esa, predominately gold. Extensive soil sampling campaign across the 4.5km shear pending.
  • North Hemlo, gold base / battery metals. Exploration plan for stripping on the Dead Otter Trend in progress.

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 forexploration with a robust and thriving junior mineral exploration sector. Specifically, the Hemlo ‘camp’ is a proven worldclass address for gold /VMS exploration. This geological terrane has significant production, both base / precious metals anda prolific number of exploration projects and numerous prospector’s ‘showings’.

Tertiary Minerals #TYM – Formation of Zambian Subsidiary

Formation of Zambian Subsidiary – Luangwa Minerals Limited


Tertiary Minerals plc is pleased to announce that the Company is forming a Zambian subsidiary, Luangwa Minerals Limited (“Luangwa”), targeting copper exploration and development opportunities in Zambia.

The Company has retained geologist Marcel Nally who, it is expected, will be appointed Luangwa’s exploration manager in due course. Mr. Nally was previously a director of private Zambian copper producer, Moxico Resources plc, and was responsible for the identification and acquisition of its principal mining projects. The Company has also retained Mr. Shangwa Chime as Luangwa’s Government Liaison Officer.

Tertiary will hold 96% of Luangwa, with 3% being held by Mr. Nally and 1% held by Mr. Chime.


Commenting today, Executive Chairman Patrick Cheetham said:

“Given that the Board has many years of experience with Zambian mining projects, we are excited to take this next step in the development of Tertiary’s mineral business. Copper is increasingly a focus for the Company and with Zambia one of the world’s top 10 copper producing countries, producing nearly 900,000 tonnes of copper in 2020, we expect Luangwa to be a valuable addition to the Tertiary asset portfolio.”


For more information please contact:

Tertiary Minerals plc:

Patrick Cheetham, Executive Chairman

+44 (0) 1625 838 679 

SP Angel Corporate Finance LLP – Nominated Adviser and Broker

Richard Morrison

+44 (0) 203 470 0470

Caroline Rowe

Peterhouse Capital Limited – Joint Broker

Lucy Williams

+ 44 (0) 207 469 0930

Duncan Vasey

Power Metal (POW) – New Incubator Subsidiary, Power Capital Investments Ltd

New Resource Project Incubator Subsidiary

Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce it has established a new 100% owned and subsidiary ‘incubator’ business: Power Capital Investments Ltd (“Power Capital”). Power Capital will initially be fully funded by Power Metal.

Power Capital will actively identify small, entrepreneurial business ventures with significant growth potential in the junior resource space and provide support with regard to business management, project development and corporate development to enable them to scale rapidly and realise their potential.  Power Capital may also provide financial support.

Power Capital will look to develop these fledgling, high-potential early stage ventures, to the point of sale, public listing, or incorporation into the Company’s portfolio, dependent on a set of key performance indicators to be established.

As a major shareholder in each selected business, Power Capital, and thereby Power Metal, has the opportunity for significant capital appreciation from each successful venture together with a self-created pipeline of new resource projects for operational development by Power Metal.

Power Capital is the next step in Power Metal’s quest to build a strong, diversified and successful company and to create significant value for its shareholders.

Paul Johnson, Chief Executive Officer of Power Metal Resources commented:

“We are delighted to announce the establishment of a new ‘incubator’ subsidiary business, Power Capital Investments Ltd.

We are aware that across the globe, there are numerous opportunities with huge potential for discovery that can struggle to get past the initial phase of conception, due to a combination of funding restrictions and lack of managerial resources to apply to corporate development. Power Capital provides our highly experienced team at Power Metal the chance to access, screen, and select only the very best of these opportunities, and to nurture the growth of these fledgling companies in exchange for equity.

It is expected that over time, Power Capital will further strengthen Power Metal’s portfolio of projects and create further value for our shareholders, as successful ventures are either incorporated into our portfolio, sold, or listed publicly.”

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

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