Business
Ontario Junior Exploration Program-Grant Receipt
Ontario Junior Exploration Program-Grant Receipt.
About this update from First Class Metals Plc
[{"type":"text","content":"\n \n \n The 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 \n \n \n \n \n \n \n \n \n \n \n \n \n FIRST CLASS METALS PLC\n \n \n \n \n 29th March 2023\n \n \n \n \n Ontario Junior Exploration Program (OJEP)-Grant Receipt\n \n \n \n \n \n \n \n First Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\")\n \n the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian land holding is pleased to announce that it has received payment in full of the 2022/3 Ontario Junior Exploration Grant 'OJEP' for work carried out on the flagship North Hemlo property.\n \n \n \n Highlights\n \n \n \n ·\n \n Final payment of CAD$140,000 of the maximum CAD$200,000 OJEP Grant received in lieu of the successful completion of the 2022 work program on the North Hemlo property.\n \n \n \n ·\n \n First UK listed company to have a successful completed application from the Ontario-\n \n \n Ministry of Northern Development, Mines, Natural Resources and Forestry\n \n \n \n ·\n \n The OJEP Grant assisted with costs relating to exploration expenditure incurred from the high definition low-level magnetic survey and field work across the property. This work was pivotal in the exploration success we had through the period, which included the discovery of the 'Dead Otter Lake Trend' reporting grab samples of up to 19.6 g/t gold (Au) over a +3km long strike.\n \n \n \n \n \n https://polaris.brighterir.com/public/first_class_metals/news/rns/story/rnkq30r\n \n \n \n \n ·\n \n First Class have applied for funding from the 2023/4 OJEP intake for use on the Sunbeam gold project and we await feedback from the Ministry of Northern Development on this application.\n \n \n \n \n \n \n \n \n \n Marc Sale CEO Commented: \"\n \n On behalf of FCM I would like to thank the Ministry of Northern Development for the approval and receipt of the full $200,0...