When did First Class Metals PLC announce its OJEP grant approval?

First Class Metals PLC announced the OJEP approval on 20 March 2026.

What exploration costs will the OJEP grant support for First Class Metals PLC?

OJEP will fund up to 50% of eligible exploration expenditures incurred by First Class Metals PLC on the Sunbeam Property. The eligible expenditure period runs from 1 April 2025 to 15 February 2026.

How much funding does the Ontario Junior Exploration Programme provide overall?

The Ontario Junior Exploration Programme is supporting junior mining companies by providing grants aggregating to CAD $10 million in 2025-2026.

Which First Class Metals PLC project is covered by the OJEP approval?

The OJEP approval covers work on First Class Metals PLC’s Sunbeam Property in Ontario, Canada.

How many consecutive years has First Class Metals PLC secured OJEP funding?

First Class Metals PLC said it has secured the OJEP grant for four consecutive years. The company linked this to technical progress and exploration activity across the Sunbeam, North Hemlo and Zigzag properties.

What does First Class Metals PLC do?

First Class Metals PLC is a UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada.

What is the Ontario Junior Exploration Programme designed to support?

The Ontario Junior Exploration Programme helps junior mining companies finance early-stage exploration projects in Ontario. The programme is intended to support early exploration, the discovery of new deposits of critical minerals, and economic development and job creation for northern and Indigenous communities.

What drilling activity did First Class Metals PLC report at the Sunbeam Property?

First Class Metals PLC said recent drilling at the Roy prospect had produced visual results including multiple occurrences of visible gold within core. The company said its current drill programme at Roy was progressing and that it was advancing the Sunbeam Property through recent drilling and ongoing evaluation of results.

How does First Class Metals PLC’s CEO explain the OJEP support?

CEO Marc J. Sale said the company believed the fourth consecutive year of OJEP support reflected the quality of its technical approach and the potential of its Ontario exploration portfolio. He said the funding would support planned exploration activities on the Sunbeam Property while the company continued drilling and evaluating results.

What will First Class Metals PLC do next on the Sunbeam Property?

First Class Metals PLC said it was advancing the Sunbeam Property through recent drilling and ongoing evaluation of results, with a focus on further defining and progressing the project. The company also said the current drill programme at the Roy prospect was progressing.

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First Class Metals approved for OJEP support at Sunbeam Property, subject to conditions

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First Class Metals PLC

LSE:FCM
OTC:FCMXF

First Class Metals approved for OJEP support at Sunbeam Property, subject to conditions

Q: What conditions apply to First Class Metals PLC’s OJEP funding?

First Class Metals PLC said the funding remains subject to confirmation that all OJEP eligibility criteria are satisfied, the execution of a formal funding agreement and ongoing compliance with OJEP’s terms and conditions.

Published Friday, 20 March 2026, 01:25 PM

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At a glance

Company: First Class Metals PLC
Listings: LSE:FCM, OTC:FCMXF
Announcement type: Financing
Published: Friday, 20 March 2026, 01:25 PM
Source announcement: investegate.co.uk

Key figures
Measure	Figure	Period
Eligible exploration expenditures	up to 50%	between 1 April 2025 and 15 February 2026

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

First Class Metals PLC has been approved to participate in the Ontario Junior Exploration Program for exploration work.

OJEP will fund up to 50% of eligible exploration expenditures on Sunbeam Property incurred between 1 April 2025 and 15 February 2026.
Funding remains subject to confirmation that all OJEP eligibility criteria are satisfied, execution of a formal funding agreement, and ongoing compliance with OJEP terms and conditions.
The company said the non-dilutive grant will directly support planned exploration activities on Sunbeam Property while preserving shareholder value.
The company said recent drilling at the Roy prospect included multiple occurrences of visible gold within core.

The company said it has received OJEP support for four consecutive years and thanked the Ontario Ministry of Northern Development for awarding the grant.

Investor FAQs

First Class Metals PLC announced that it had been approved to participate in the Ontario Junior Exploration Programme (OJEP) for work on the Sunbeam Property. Funding remains subject to confirmation that all OJEP eligibility criteria are satisfied, the execution of a formal funding agreement and ongoing compliance with OJEP’s terms and conditions.

Source announcement

Company: First Class Metals PLC
Title: OJEP-Grant Approval
Published: Friday, 20 March 2026, 01:25 PM
Source site: investegate.co.uk

Read the source announcement on investegate.co.uk

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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