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FCM

First Class Metals PLC

Basic Resources First-pass screen £6.44m
220/1000 Overall fit
AI beneficiary 35% 15
Operating leverage 25% 21
Valuation 25% 30
Downside protection 15% 28

First-pass take

Pre-revenue Ontario gold and lithium explorer with strong early-stage drilling results but zero AI exposure. Strategic equity injection from 79th Group (major backer) on hold due to regulatory concerns, creating material funding uncertainty.

Flags

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