{"id":101080,"title":"Power Metal (AIM:POW) Investee Update – First Class Metals PLC","publisher":"Share Talk","author":"sharetalk","published":"2022-09-07T13:39:34+00:00","modified":"2022-09-07T16:22:47+00:00","canonical_url":"https://www.share-talk.com/power-metal-aimpow-investee-update-first-class-metals-plc/","markdown_url":"https://www.share-talk.com/power-metal-aimpow-investee-update-first-class-metals-plc.md","json_url":"https://www.share-talk.com/power-metal-aimpow-investee-update-first-class-metals-plc.json","category":"Mining","categories":["Mining"],"tags":["Australian","Botswana","British Columbia","Cameroon","canada","Canadian","Christian Schaffalitzky","Cobalt","Coco East","COPPER","Copperbelt","Democratic Republic of Congo","Democratic Republic of the Congo","Ditau Project","drilling","Exploration","Farms","Gold","Golden Metal","Golden Metal Resources","group metals","Haneti","Haneti Project","helicopter","Jupiter Mines","KAT","Katoro Gold","KAV","Kavango Resources","Kenya","Kisinka","KKME","Lithium","Lubumbashi","Magical","McKellar","Molopo","Molopo Farms","Nevada","Nickel","Paul Johnson","pegmatite","Piedmont Lithium","platinum","PLL","POW","Power Metal","Power Metal Resources","Project","Québec","Red Rock Australasia","Red Rock Resources","RRR","Sayona Mining","silver","Silver Peak Project","SYA","Tanzania","tungsten","URANIUM","USA","Victoria","Victoria Goldfields"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Power Metal Resources PLC (LON:POW),** the London listed exploration company seeking large-scale metal discoveries across its global project portfolio notes the announcement today from **First Class Metals PLC (LON:FCM)** (“First Class”) providing an exploration update confirming a high grade nickel sulphide discovery at Pickle Lake within the Schreiber-Hemlo region, Ontario, Canada.\n\nThis announcement and other announcements released by First Class may be viewed through the following link:\n\n[https://www.firstclassmetalsplc.com/rns-announcements](https://www.firstclassmetalsplc.com/rns-announcements)\n\nPower Metal and its wholly owned subsidiary Power Metal Resources Canada Ltd hold 18,516,097 First Class shares representing 28.19% of issued share capital (the “FCM Holding”).\n\nThe FCM Holding is subject to a lock-in agreement preventing the sale of the FCM Holding until 29 July 2023 and an orderly market arrangement for 12-months thereafter until 29 July 2024.\n\nIn addition, Power Metal holds 517,705 warrants to subscribe for a further 517,705 First Class shares at an exercise price of 10p per FCM share and with an expiry date of 29 July 2023.\n\nFor further information please visit[https://www.powermetalresources.com/](https://www.powermetalresources.com/) or contact:\n\n**Power Metal Resources plc**\n\n**Paul Johnson (Chief Executive Officer)**\n\n**+44 (0) 7766 465 617**"}