Firering Strategic Minerals Begins Quicklime Sales and Expands Operations in Zambia

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

Firering Strategic Minerals plc has announced the commencement of quicklime sales from its Zambian operation, Limeco Resources Limited, marking a significant milestone in its growth strategy. The company is upgrading additional kilns to increase production capacity, aligning with Zambia’s industrial growth and decarbonisation goals. The local production of high-purity quicklime aims to reduce reliance on imports, cut costs, and support the copper production industry in the Central African Copperbelt. Firering is also in discussions with a Zambian bank to secure funding to increase its stake in Limeco and repay a bridge loan.

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, where it holds a 20.5% interest with an option to increase this to 45%. Firering is also advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which has significant lithium and tantalum-niobium potential.

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Technical Sentiment Signal: Sell

Current Market Cap: £7.35M

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