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Firering Strategic Minerals Plc ( (GB:FRG) ) has issued an announcement.
Firering Strategic Minerals has strategically pivoted to prioritize its Limeco project in Zambia, aiming to become a leading quicklime producer with a production target of 200,000 tonnes per annum by 2026. The company has made significant progress, including acquiring a stake in Limeco, achieving initial commercial sales of high-purity quicklime, and establishing complementary revenue streams. This move positions Firering to meet rising domestic demand in Zambia’s expanding copper industry, enhancing its market positioning and long-term growth potential.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is a development company focused on critical minerals, operating primarily in the mining sector. The company is transitioning from exploration to production, with a significant focus on quicklime production in Zambia through its Limeco project. Firering aims to capitalize on the growing demand for quicklime, particularly in the copper production industry, and is also advancing its lithium project in Côte d’Ivoire.
Average Trading Volume: 1,135,308
Technical Sentiment Signal: Sell
Current Market Cap: £5.51M
For a thorough assessment of FRG stock, go to TipRanks’ Stock Analysis page.