FIRST CLASS METALS PLC

• ◆

  Material uncertainty over going concern

  The Group's reliance on a successful fundraising presents a material uncertainty that may cast doubt on the Group's ability to continue to operate as planned and to pay its liabilities as they fall due for a period not less than twelve months from the date of this report.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. FIRST CLASS METALS PLC 2022-02-28 → present
2. FIRST CLASS METALS LIMITED 2021-01-26 → 2022-02-28

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Royce Peeling Green Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group's reliance on a successful fundraising presents a material uncertainty that may cast doubt on the Group's ability to continue to operate as planned and to pay its liabilities as they fall due for a period not less than twelve months from the date of this report.”

Group structure

1. FIRST CLASS METALS PLC · parent
   1. First Class Metals Canada Inc. 100% · Canada · Mining of other non-ferrous metal ores

Significant events

• “The early part of the year 2025 was marked by developments relating to the previously announced strategic investment into the company's equity by an outside investor. Whilst the transaction did not fully complete, the Board responded decisively to ensure the Company retained both financial flexibility and operational continuity.”
• “The Company entered into a Letter of Intent with a third party to monetise one of the Company's assets.”
• “The Company optioned two properties with a focus on Rare Earth Elements (REE).”
• “FCM relinquished its option over the Quinlan property after concluding the asset lacks the prospectivity required to advance as a mineral exploration project.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.