Firering Lifts Limeco Stake as Second Kiln Enters Commissioning and Leadership Is Realigned

Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an update.

Firering Strategic Minerals has begun hot commissioning of a second kiln at its Limeco lime operation in Zambia, a key step toward increasing production capacity and achieving steady-state output over the coming months. At the same time, the company is exercising the next tranche of its Limeco option for US$981,667, raising its stake from 30.7% to 36.2% and expanding its share of shareholder loans, underscoring management’s confidence in Limeco despite its current losses and heavy liabilities. To support Limeco’s growth phase, Firering has reshaped its leadership structure: Yuval Cohen has resigned as Firering’s CEO and director to focus exclusively on running Limeco, while chairman Youval Rasin has been appointed interim CEO, signalling a strategic emphasis on operational execution at what the board describes as the group’s primary value driver.

More about Firering Strategic Minerals Plc

Firering Strategic Minerals plc is an AIM-listed mining company focused on producing quicklime and exploring critical minerals. Its core asset is the Limeco lime project in Zambia, where it is ramping up production to a targeted 600-800 tonnes per day to supply copper producers in the Central African Copperbelt and gold producers in Zimbabwe. The company also holds the Atex Lithium-Tantalum Project in northern Côte d’Ivoire, a prospective source of lithium and tantalum-niobium aligned with demand from clean energy technologies.

Average Trading Volume: 1,011,068

Technical Sentiment Signal: Sell

Current Market Cap: £4.62M

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