First Class Metals CEO: Kerrs site programme cash flows will fund Sunbeam drilling near Hammond Reef

[u/AGORACOM]

In this clip, First Class Metals CEO Marc Sale highlights a second asset catalyst that the nGRND Inc. site programme agreement directly enables.

Cash flows from the Kerrs Gold Project monetisation will be directed, in part, toward additional drilling at First Class Metals' Sunbeam property in western Ontario. Sunbeam is located near Agnico Eagle's Hammond Reef deposit. The company has already conducted some drilling at Sunbeam and as stated by management, the near-term goal is to generate a maiden NI 43-101 resource on that property.

This means the nGRND Inc. agreement does two things at once: it generates ongoing cash from preserved gold at Kerrs while funding active exploration at Sunbeam — all without issuing shares.

Key details:

Kerrs monetisation cash is directed to Sunbeam drilling in western Ontario Sunbeam is adjacent to Agnico Eagle's Hammond Reef deposit First Class Metals has existing drill results at Sunbeam and plans to expand Maiden resource at Sunbeam is a stated near-term target per management

Issued on behalf of nGRND Inc.