---
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"
date: 2022-09-07
canonical: "https://www.share-talk.com/power-metal-aimpow-investee-update-first-class-metals-plc/"
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"]
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"
---

# Power Metal (AIM:POW) Investee Update – First Class Metals PLC

**Published:** September 7, 2022
**Author:** sharetalk
**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)

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**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.

This announcement and other announcements released by First Class may be viewed through the following link:

[https://www.firstclassmetalsplc.com/rns-announcements](https://www.firstclassmetalsplc.com/rns-announcements)

Power 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”).

The 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.

In 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.

For further information please visit[https://www.powermetalresources.com/](https://www.powermetalresources.com/) or contact:

**Power Metal Resources plc**

**Paul Johnson (Chief Executive Officer)**

**+44 (0) 7766 465 617**

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