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An update from Firering Strategic Minerals Plc ( (GB:FRG) ) is now available.
Firering Strategic Minerals plc has achieved a significant milestone by successfully firing its first gasifier and Kiln 1 at the Limeco quicklime project in Zambia, marking the start of its quicklime production. This development is part of Firering’s broader objective to become one of Zambia’s largest quicklime producers, with plans to achieve full-scale operations across eight kilns by the end of 2025, significantly impacting the local copper industry by reducing reliance on imported quicklime. The shift from Heavy Fuel Oil to gasification is expected to improve operational efficiency and lower costs, positioning Firering as a key supplier in the region.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an AIM-listed resource company operating in the mining sector, focusing on quicklime production and critical mineral exploration. The company has a strategic presence in Zambia with its Limeco quicklime project, aimed at supporting the growing copper industry in the Central African Copperbelt. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in northern Côte d’Ivoire.
YTD Price Performance: 30.77%
Average Trading Volume: 1,175,179
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £9.4M
For an in-depth examination of FRG stock, go to TipRanks’ Stock Analysis page.