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Firering Strategic Minerals Plc ( (GB:FRG) ) has shared an announcement.
Firering Strategic Minerals plc has increased its stake in Limeco Resources Limited to 26.9% by exercising the first tranche of an option to acquire an additional 6.4% shareholding. This move reflects Firering’s confidence in the quicklime market’s strong fundamentals and its strategy to become a key player in the industry. The acquisition is part of a broader plan to potentially increase its interest in Limeco to 45%, leveraging the project’s strategic location to supply regional industries that currently depend on imported quicklime. The investment underscores Firering’s commitment to enhancing its operational capabilities and market positioning.
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 increasing production at the Limeco quicklime project in Zambia, where it holds a 26.9% interest, with an option to increase this to 45%. The project aims to supply copper producers in the Central African Copperbelt and other regional industries. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which has significant potential for lithium and tantalum-niobium, supporting clean energy technologies.
Average Trading Volume: 1,295,303
Technical Sentiment Signal: Sell
Current Market Cap: £3.49M
For an in-depth examination of FRG stock, go to TipRanks’ Overview page.