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First Class Metals broadening its European footprint

27 February 2023 15:14
LON: FCM

First Class Metals have appointed Deutsche Gesellschaft für Wertpapieranalyse GmbH as its European Corporate Advisor and investor relations specialist as it moves on making large scale metal discoveries across extensive Canadian holdings.

The move supports a broadening investor base and another leap forward for a company which not only made a public listing in strenuous times but thrived in them as it took home the UK Investor Magazine award for the best IPO of 2022.

And being already listed in Frankfurt and Stuttgart, it will allow FCM to leverage value from its existing dual listing as it raises both its continental European profile and overall trading liquidity.

Last year’s exploration success for FCM was exemplified by continuing high-grade returns from an ever-expanding strike at West Pickle Lake, identification of a gold and molydbenum trend over three kilometres long with grabs up to 19.6g.t gold at North Hemlo, and expanding its territory at Sunbeam, where the explorer is moving on reclaiming a golden resource lost to the last century.

The company’s new partner said the move aligns with rising European retail investor interest in small cap companies with assets in the battery metal and gold sectors.

“We are excited to be working with First Class Metals. The company has an expansive portfolio of projects in Ontario, Canada with prospects for Gold, Nickel and Copper,” DGWA chief executive Stefan Müller said.

“First Class Metals has nine project areas, a poly-metal strategy and strong preliminary results to date and we look forward to introducing the company, its projects and strategy to European investors and industry partners.”

First Class Metals said the appointment coincided well with its invitation to present at the prestigious Swiss Mining Institute event in Zurich next month.

“Excited by the opportunity to engage DGWA to facilitate a greater exposure and raised profile in the European Markets,” chief executive Marc Sale said.

FCM’s London Stock Exchange-listed share price is currently trading at 12 British pence (3.14pm UTC+ 8 hours).

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