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Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an announcement.
Firering Strategic Minerals plc announced that Ricca Resources Limited has withdrawn from their earn-in agreement, leaving Firering with full control over the Atex and Alliance Lithium-Tantalum Projects in Côte d’Ivoire. This development allows Firering to explore alternative strategies to maximize the value of these projects while retaining a 10.6% shareholding in Ricca. The company is also working to recover funds advanced during the partnership to accelerate the development of its Limeco operations, which are central to Firering’s business strategy and long-term value creation.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an emerging producer of quicklime and explorer of critical minerals. The company is focused on ramping up production at the Limeco quicklime project in Zambia, targeting daily outputs of 600-800 tonnes to supply copper producers in the Central African Copperbelt. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which has significant potential in lithium and tantalum-niobium, supporting the global shift to clean energy technologies.
Average Trading Volume: 1,469,010
Technical Sentiment Signal: Sell
Current Market Cap: £6.19M
For detailed information about FRG stock, go to TipRanks’ Stock Analysis page.