Issue of Equity

Summary by AI ^BETAClose X

First Class Metals PLC has announced the conversion of £50,000 worth of convertible loan notes, resulting in the issuance of 3,711,401 new ordinary shares. This conversion, effective from a notice received on December 16, 2025, will increase the company's total issued share capital to 237,644,221 ordinary shares, with each share carrying one voting right. Application has been made for these new shares to be admitted to the Official List and to trade on the Main Market of the London Stock Exchange, with admission expected around December 23, 2025.

Disclaimer*

First Class Metals PLC

18 December 2025

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.

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FIRST CLASS METALS PLC

Issue of Equity & Total Voting Rights

First Class Metals PLC ("First Class Metals", "FCM" or the "Company") the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, announces it has received a conversion notice in respect of a portion of the Notes^* issued pursuant to the Convertible Loan Note instrument announced on 12 November 2025 as detailed below.

Notes to be converted: * & **	50,000
Value of Notes to be converted:	£50,000
Date of conversion notice:	16/12/2025
Number of Ordinary shares to be issued to satisfy the conversion	3,711,401

* Notes = 500,000 £1.00 interest-free convertible loan notes

** Using the conversion formula set out in the 12 Nov 2025 announcement

Application will be made to the Financial Conduct Authority ("FCA") for admission of the 3,711,401 new ordinary shares to the Official List (Standard Segment), and to the London Stock Exchange for admission to trading on the Main Market for listed securities (together, "Admission"). Admission is expected to occur on or around 23 December 2025.

Following Admission, the Company's issued share capital will consist of 237,644,221 ordinary shares of 0.1p each, each with one voting right. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 237,644,221. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641

Marc J Sale, CEO and Executive Director
Email: MarcS@Firstclassmetalsplc.com
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)
Lewis Jones
Website: Axcap247.com
Tel: (0)203 026 0449

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