Update on Fundraise
Previously announced second stage of strategic investment from 79TH GRP Limited will not proceed due to administrator appointment.
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First Class Metals PLC (FCM) notes that The 79TH GRP Limited has appointed administrators and will therefore not be in a position to complete the second stage of its strategic investment announced on 18 December 2024.
The Company is in early-stage discussions with interested parties regarding alternative funding options which reflect continued confidence in the quality of the Company's asset portfolio. A range of structures is being considered, including non-equity solutions. The Company remains committed to securing funding aligned with shareholders' long-term interests and further updates will be provided as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.