SMALL-CAP WINNERS & LOSERS: First Class Metals secures funding

Fri, 30th Jan 2026 11:06

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Bluebird Mining Ventures Ltd, up 13% at 0.16 pence, 12-month range 0.12p-2.00p. Shares in the British Virgin Islands-based gold streaming, mining and treasury company fall after Spreadex discloses it holds a 3.45% stake as of January 22, down from 6.78%.

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SMALL-CAP - LOSERS

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First Class Metals PLC, down 15% at 1.80p, 12-month range 0.62p-3.60p. Secures up to GBP1.0 million in interest-free convertible loan note funding to advance its maiden drill programme in Ontario, Canada. The explorer agrees the funding with an international investor, with an initial GBP350,000 tranche expected shortly and further tranches available over a 12-month period. The company says proceeds are used to initiate drilling at the Sunbeam property and for general working capital, while also accelerating the final CAD100,000 payment to secure 100% ownership of the Kerrs Gold prope74rty, which hosts a historical 386,000-ounce gold resource. First Class Metals says winter conditions now allow drilling to begin at Sunbeam, with a programme being finalised, and adds that the funding positions the group to progress exploration amid higher gold prices.

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KR1 PLC, up down 12% at 17.61 pence, 12-month range 17.55p-28.00p. The investor focused on the blockchain industry reports net asset value per share of 28.25p at December 31, down from 32.82p at November 30.

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By Eva Castanedo, Alliance News reporter

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