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Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an update.
Firering Strategic Minerals plc has announced a further subscription to raise £279,500 through the issuance of new ordinary shares. This includes significant subscriptions by the company’s chairman, Youval Rasin, and director, Shai Kol, which are considered related party transactions. The new shares will be admitted to trading on AIM, increasing the company’s total voting rights and share capital. This move is expected to strengthen Firering’s financial position as it advances its projects in Zambia and Côte d’Ivoire, potentially impacting its market positioning and stakeholder interests.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an emerging company in the mining sector, primarily focused on the production of quicklime and exploration of critical minerals. The company is actively working on the Limeco quicklime project in Zambia, aiming to supply copper producers in the Central African Copperbelt, and is also developing the Atex Lithium-Tantalum Project in Côte d’Ivoire to support clean energy technologies.
Average Trading Volume: 1,225,296
Technical Sentiment Signal: Sell
Current Market Cap: £3.5M
Learn more about FRG stock on TipRanks’ Stock Analysis page.