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Firering Strategic Minerals Plc ( (GB:FRG) ) has provided an update.
Firering Strategic Minerals plc announced the finalization of a US$1 million settlement with Ricca Resources, following the passing of all resolutions at Ricca’s Extraordinary General Meeting. The settlement resolves all debts and claims owed by Ricca to Firering, which holds a 10.6% shareholding in Ricca. Additionally, Ricca is expected to distribute net proceeds from the sale of a subsidiary asset, with Firering potentially benefiting from this distribution. This development could positively impact Firering’s financial position and strengthen its industry standing.
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, aiming to supply copper producers in the Central African Copperbelt and other regional industries. Firering is also advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which holds significant potential for lithium and tantalum-niobium, supporting the global shift to clean energy technologies.
Average Trading Volume: 910,678
Technical Sentiment Signal: Sell
Current Market Cap: £5.2M
See more insights into FRG stock on TipRanks’ Stock Analysis page.