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First Class Metals Plc ( (GB:FCM) ) just unveiled an update.
First Class Metals PLC has received a conversion notice for £70,000 of its existing interest-free convertible loan notes, resulting in the issuance of 4,303,349 new ordinary shares. The company will seek admission of these shares to the FCA’s Official List (Standard Segment) and to trading on the London Stock Exchange’s Main Market around 9 January 2026, increasing its issued share capital to 244,889,548 ordinary shares and clarifying the new total voting rights figure for shareholders’ disclosure and transparency calculations.
The most recent analyst rating on (GB:FCM) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on First Class Metals Plc stock, see the GB:FCM Stock Forecast page.
Spark’s Take on GB:FCM Stock
According to Spark, TipRanks’ AI Analyst, GB:FCM is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and continued cash burn), with only partial balance-sheet support. Technicals are mixed and do not provide a strong offset, and valuation is constrained by negative earnings and no dividend yield data.
To see Spark’s full report on GB:FCM stock, click here.
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 exploration and resource development in a mining-rich jurisdiction.
Average Trading Volume: 1,408,096
Technical Sentiment Signal: Hold
Current Market Cap: £5.11M
See more data about FCM stock on TipRanks’ Stock Analysis page.