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Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an update.
Firering Strategic Minerals plc has secured a US$1 million settlement from Skylark Minerals Limited to resolve outstanding debts with Ricca Resources Limited. This transaction, along with anticipated proceeds from Ricca’s asset sale, will fund Firering’s increased stake in Limeco, enhancing its position in the Zambian quicklime market.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an emerging producer of quicklime and explorer of critical minerals, focusing on the Limeco quicklime project in Zambia and the Atex Lithium-Tantalum Project in Côte d’Ivoire. The company aims to supply quicklime to copper producers in the Central African Copperbelt and support clean energy technologies.
Average Trading Volume: 959,891
Technical Sentiment Signal: Sell
Current Market Cap: £5.45M
Find detailed analytics on FRG stock on TipRanks’ Stock Analysis page.