Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Firering Strategic Minerals Plc ( (GB:FRG) ) has provided an announcement.
Firering Strategic Minerals plc has commenced quicklime production at its Limeco Project in Zambia, marking a significant milestone in its strategy to become a leading supplier to the Central African Copperbelt’s copper production industry. The first of eight kilns is operational, with a 30-day optimization period underway to achieve a steady-state production of 80-100 tonnes per day. The project aims to produce 600-800 tonnes daily, reducing reliance on imported quicklime from South Africa, and is expected to enhance operational cash flow and market positioning.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an AIM-listed resource company focused on quicklime production and critical mineral exploration. The company is strategically positioned to support the expanding copper production industry in the Zambian Copper Belt and is also advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire.
YTD Price Performance: 15.38%
Average Trading Volume: 1,239,149
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.29M
For a thorough assessment of FRG stock, go to TipRanks’ Stock Analysis page.