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Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an update.
Firering Strategic Minerals plc has increased its stake in Limeco Resources Limited to 30.7% by exercising the second tranche of its option, reflecting confidence in Limeco’s operational performance and growth strategy. This move supports Firering’s aim to enhance production capabilities at Limeco’s quicklime project in Zambia, positioning it to better serve regional industries and copper producers in the Central African Copperbelt.
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 30.7% interest with an option to increase this to 45%. Limeco aims to supply copper producers in the Central African Copperbelt and other regional industries currently relying on imported quicklime from South Africa. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which has significant potential for lithium and tantalum-niobium, supporting the global shift to clean energy technologies.
Average Trading Volume: 1,438,235
Technical Sentiment Signal: Sell
Current Market Cap: £6.28M
See more insights into FRG stock on TipRanks’ Stock Analysis page.