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An announcement from First Class Metals Plc ( (GB:FCM) ) is now available.
First Class Metals PLC has announced the conversion of £50,000 of its previously issued £1.00 interest-free convertible loan notes, resulting in the issuance of 3,711,401 new ordinary shares. The company is seeking admission of these shares to the FCA’s Official List and to trading on the London Stock Exchange’s Main Market around 23 December 2025, after which its issued share capital will rise to 237,644,221 ordinary shares, all with voting rights. The enlarged share count will serve as the new reference figure for investors assessing disclosure obligations under the FCA’s transparency rules, slightly diluting existing shareholders but strengthening the company’s equity base as it advances its exploration activities in Ontario.
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. The business targets value creation through early-stage exploration and development of metal resources in a region known for its mining potential.
Average Trading Volume: 1,614,056
Technical Sentiment Signal: Buy
Current Market Cap: £6.43M
Find detailed analytics on FCM stock on TipRanks’ Stock Analysis page.