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First Class Metals Plc ( (GB:FCM) ) just unveiled an update.
First Class Metals PLC has announced the conversion of £50,000 of its previously issued £1.00 interest-free convertible loan notes into 3,711,401 new ordinary shares, following a conversion notice dated 16 December 2025. The new shares will be admitted to the Standard Segment of the Official List and to trading on the London Stock Exchange’s Main Market, increasing the company’s issued share capital to 237,644,221 ordinary shares with an equivalent number of voting rights, a change that modestly dilutes existing shareholders but strengthens the company’s equity base and may influence regulatory reporting thresholds for investors under UK disclosure rules.
More about First Class Metals Plc
First Class Metals PLC is a UK-listed mineral exploration company focused on discovering economic metal deposits across a portfolio of exploration properties in Ontario, Canada, targeting value creation through early-stage resource identification and development in a key North American mining jurisdiction.
Average Trading Volume: 1,622,521
Technical Sentiment Signal: Buy
Current Market Cap: £5.56M
For an in-depth examination of FCM stock, go to TipRanks’ Overview page.