First Class Metals – Receives Grant Funding

First Class Metals PLC (LSE: FCM) has received approval from the Ontario Junior Exploration Program (OJEP) for up to C$200,000 of funding to be completed on the Dead Otter Trend at the North Hemlo Gold Project.?

The non-dilutive funding allows First Class Metals to reclaim 50% of the expenses incurred at North Hemlo between 1 April 2024 and 15 February 2025.

This is the third time First Class Metals has secured the OJEP grant, last year the company received C$200,000 for work it had completed at the Zigzag Lithium Project and the year before that funding was received for work completed long the Dead Otter Trend.

OJEP is run by the Ontario Government and is designed to encourage exploration companies to explore Ontario by financially supporting them. Between ?2024 and 2025 OJEP plans to invest ?C$13 million in early-stage exploration, including C$4 million for critical minerals.

First Class Metals is currently awaiting results from the samples collected from the recent stripping programme at three locations along the Dead Otter Trend.

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Ryan D. Long Junior Mining Insights Newsletter Mining and Metals Research Corporation

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