Business
MoU with Whitesand FN - Zigzag Lithium Property
MoU with Whitesand FN - Zigzag Lithium Property.
About this update from First Class Metals Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nFIRST CLASS METALS PLC\n16th August 2023\nMoU Signed with Whitesand First Nation in respect to Zigzag lithium property\nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK metals exploration company seeking economic metal discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam land holding is pleased to announce that it has signed an agreement (the \"Memorandum of Understanding\" or \"MoU\") with the Whitesand First Nation (WFN) for initial exploration on the Zigzag lithium project.\nHighlights:\n· MoU signed for a three-year term with the Whitesand First Nation provides for the formal commencement of exploration work on the Zigzag property.\n· The Zigzag lithium property is situated in the Armstrong area of Canada in a locality that hosts several developing hard-rock pegmatite lithium projects, including Green Technology Metals Limited (ASX:GT1) owned Seymour Lake Project and Battery Age Minerals Limited (ASX:BM8) owned Falcon Lake Project.\n \nWhitesand First Nation MOU\nFCM has optioned the Zigzag property from Nuinsco who were successfully awarded an Exploration Permit. However, as no agreement was needed nor discussed with the First Nations at that time, FCM took the step of entering into discussions with the Whitesand First Nation. FCM is now pleased to announce that, following continued positive discussions and consultation with Whitesand First Nation, FCM has executed a MoU, by which the Company will commence formal exploration activities on the Zigzag lithium property in Ontario, Canada in collaboration with the Whitesand First Nation.\nFirst Class Metals is grateful for the support and endorsement of Whitesand First Nation and is com...