FIRST CLASS METALS PLC

7 October 2026

Commencement of US trading on OTCID

First Class Metals PLC (LSE: FCM, OTC: FCMXF) ("FCM" or the "Company"), the Ontario-focused gold and critical metals exploration company, is pleased to announce that trading in the Company's ordinary shares on the OTCID Basic Market ("OTCID") will commence at 14:30 BST today, 7 October 2026, under the ticker OTC:FCMXF

The OTCID quotation will broaden access to the Company's shares for US investors and enhance FCM's visibility and liquidity in a market with a strong understanding of mineral exploration.

James Knowles, Executive Chairman of First Class Metals, commented:

"Opening trading on the OTC Markets is an important milestone for First Class Metals. US investors now have a more accessible route to participate in our story, and we see a significant opportunity to build our following in a market that understands gold exploration and the potential of Ontario's established mining districts.

Our ambition is to broaden our shareholder base and bring greater visibility to the value we are working to unlock across our portfolio. I believe FCM offers a compelling exploration proposition, and today's quotation gives us a stronger platform to present that opportunity to US investors. Sunbeam is a key part of that story. Our technical team is working to a clear geological model that guides exploration priorities and the testing of targets. That disciplined approach underpins my strong conviction in the project's potential and gives us a clear technical focus as we advance our work.

We are ambitious about what comes next. With broader investor access and a clear focus on advancing our assets, our objective is to deliver exploration success and create substantial long-term value for shareholders."

https://firstclassmetalsplc.com/link/Png68y

CEO Marc Sale and Executive Chairman James Knowles at the OTC Markets Office

For further information please contact: 

James Knowles, Executive Chair
Email: [email protected]
Tel: 07488 362641

Marc J Sale, CEO and Executive Director
Email: [email protected]
Tel: 07711 093532

AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Website: www.albrcapital.com
Tel: (0)20 7469 0930

Axis Capital Markets (Broker)
Richard Hutchinson
Website: Axcap247.com
Tel: (0)203 026 0449

First Class Metals PLC - Background

First Class Metals PLC listed on the LSE in July 2022 and is focused on metals exploration in Ontario, Canada which has a robust and thriving junior mineral exploration sector. In particular, the Hemlo 'camp' near Marathon, Ontario is a proven world class address for gold exploration, featuring the Hemlo gold deposit previously operated by Barrick Mining (>23M oz gold produced), with the past producing Sugar Zone (>1M oz gold), Geco and Winston Lake base metal deposits also situated in the region.

FCM currently holds 100% ownership of six claim blocks covering over 260km² in northwest Ontario. A further three blocks are under option and cover an additional 60km². FCM is focussed on exploring for gold but has base metals and critical metals exploration projects. FCM maintains a joint venture with GT Resources on the West Pickle Lake Property, a drill-proven high-grade Ni-Cu project.

The flagship properties, North Hemlo and Sunbeam, are gold focussed. North Hemlo has a significant discovery in the Dead Otter trend which is a discontinuous 3.5km gold anomalous trend with a 19.6g/t Au peak grab sample. This sampling being the highest known assay from a grab sample ever recorded on the North Limb of Hemlo.

In October 2022, FCM completed the option to purchase the historical high-grade past-producing Sunbeam gold mine near Atikokan, Ontario, ~15 km southeast of Agnico Eagle's Hammond Reef gold deposit (3.3 Moz of open pit probable gold reserves). The Sunbeam property is now 100% owned by FCM.

FCM acquired the Zigzag Project near Armstrong, Ontario in March 2023. The property features Li-Ta-bearing pegmatites in the same belt as Green Technology Metals' Seymour Lake Project, which contains a Mineral Resource estimate of 9.9 Mt @ 1.04% Li2O. Zigzag was successfully drilled prior to Christmas 2023.FCM now owns 80% of the property and has entered into a JV with Nuinsco Resources Limited. 

The Kerrs Gold property is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Kerrs Gold complements the First Class Metal's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value.100% ownership of the Kerrs property was achieved in H1 2026.

The significant potential of the properties for precious, base and battery metals relates to 'nearology', since all properties lie in the same districts as known deposits (Hemlo, Hammond Reef, Seymour Lake), and either contain known showings, geochemical or geophysical anomalies, or favourable structures along strike from known showings (e.g. the Esa project, with an inferred Hemlo-style shear along strike from known gold occurrences).

For further information see the Company's presentation on the web site:

www.firstclassmetalsplc.com