Member Info for Urbanracer

In July 2025, Fcm released news of a MOU with Valereum to Explore Tokenised Funding…

Today, VLRM have confirmed the launch of the VLRM VGOLD token….?.

The exact figure of 30,062,316 sold for £536,910 so a price paid of 1.785p per share.

The purchase of the remaining ex 79th shares held by Quantuma now printed, and showing 09:29.

Bobcat,

This was NOT a seller but a disposal of the final 30,000,000 shares or so, (initially 78,552,084) held by Quantuma Advisory Limited (Quantuma), in its capacity as joint administrators of The 79th Grp Limited.

Be interesting to see if the remaining circa 30,000,000 ex 79 have gone to an individual or consortium. We should expect an acquisition TR1 imminently .

This plant will work.

We should not let past failures influence our thoughts on the much brighter present and future.

Hill is simply getting on with the job in a thoroughly professional manner. No hype or nonsense; just quietly and confidently reporting on steady progress.

My money is on a successful conclusion now.

Mornington,

That Interactive Investor fair value has been surpassed in very short order😅!!

Hopefully this fantastic news, and what it means going forward, is being understood.

Great news. Could not really be better at this pre-assay stage. The confirmed presence of gold via hand held analyser, within a mineralised package, which drilling appears to have replicated across 250m (and potentially up to 350 metres), and with a true width of several metres, is quite excellent.

The implication is that gold confirmation is more than possible across the whole extent of this pilot drill programme which would be a fantastic result.

Additionally, Marc suggests an ounce potentially in this particular assay. Assays are reported in terms of g/t so if I understand Marc’s comment correctly, he is suggesting this particular interval may be around 31 g/t depending on final interval length. This is high grade and reflective of what the early 20th century miners were getting at the Sunbeam mine.

Actually, cancel my last post, not certain about that third trade??

All 3 trades for around 1 million shares are buys. Be great to see asset sale finalised, and CLN legacy cleared then perhaps, just perhaps, we can see some market normalcy here.

And as for ‘just get on with it Fcm’. For heavens sake!

Not your finest post.

79th are not all gone. There is still the question of the remaining circa 30,000,000.

Wish they had commented specifically on core visual comparison between SUN-26-01 and historical TerraX SP-11-12. Obvious similarities would be very encouraging.

Jamgoo,

Fcm will never take any asset into production themselves. Their business model is clearly defined.

#Three

As a result of this session, it seems that a very well thought through strategy is to be applied to this scout drill programme at Roy, starting with hole SUN-26-01 which is a twin of historic hole SP-11-12.

SP-11-12, as some may recall previous mention of by Fcm, was one of a group drilled by TerraX in 2011. The assays revealed an interval of 14.70 m @ 0.67 g/t Au, including a higher grade interval of 1.85 m @ 4.01 g/t Au, at a vertical depth of 35 m.

A twin hole (or twinned hole) in gold exploration drilling is a new drill hole designed to be drilled immediately adjacent to the previous hole, (hence ‘twin’) with the goal of validating the results, geological interpretation, and gold grade accuracy of the original drill hole. 

So, what seems like a cautious start has a very valid QA/QC rationale, and will, no doubt, assist with or verify the plans for the remainder of this maiden Fcm Sunbeam drill programme.

#Two

And on that note, some rather good news. Interesting to see that the team had what they term as a ‘brainstorming session’ focussed on the proposed drilling at Roy, “led by internationally renowned consultant and close colleague Chris Cooper” and involving the Ontario Geological Survey (OGS) as well as Mary Louise Hill, and Emerald Geological Services (EGS)”

Chris Cooper is very well known in the gold exploration world, and is, alongside other members of ‘our team’, responsible for playing a key role in a number of gold discoveries including the Esquel low-sulfidation epithermal gold deposit in Chubut province, Patagonia, Argentina, as well as the Bam gold deposit (Landore Resources) of 622,300 oz Au Indicated and 33,700 oz Au Inferred, and also the Croagh Patrick and Cregganbaun gold discovery in County Mayo, Ireland.

# One

Interesting but rather intense period for First Class Metals just recently. The factors of North Hemlo drilling results, 79th Group legacy, and the recent CLN agreements, have demonstrated a ‘three strand convergence’ obviously raising questions about geology, capital structure, and, of course, confidence.

And very much with these factors in mind, we look forward to positive news about the OJEP grant application, and long standing LOI’s concerning asset sale, and asset tokenisation. Additionally, it was, for me, very reassuring to read the very detailed information contained in today’s RNS concerning the Roy Trend at Sunbeam.

Details of the very positive looking 2025 ground works are there to be read in full; soil sampling looking decent albeit A rather than B horizon samples (a question for the team re rationale?) and degree to which such soil sampling informed the drill programme planning along what is now described as a 4 km long robust gold anomaly. There are, of course, many other factors that will also have ‘pointed the way’.

Weather for Sunbeam looking good. Minus 14 to minus 5 generally with only one warmer day above zero. No bad weather forecast; just a spot of light snow Tuesday and Friday.

Freezing conditions great for mobility and no blizzards on the horizon.

Emerald should be examining first visuals later this afternoon, or by tomorrow at latest.

Good stuff.

If early Roy core shows vg, this will reverse in a jiffy.

You just never know in this game……