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Firering Strategic Minerals Plc ( (GB:FRG) ) has provided an update.
Firering Strategic Minerals plc announced that Ricca Resources Limited will hold its EGM on 12 December 2025, after which Firering expects to receive US$1 million as settlement for debts and claims. Additionally, Ricca plans to distribute net proceeds from a subsidiary asset sale to its shareholders, with Firering holding a 10.6% stake in Ricca. This development could positively impact Firering’s financial position and its strategic interests in Ricca.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an emerging producer and explorer in the mining sector, focusing on quicklime and critical minerals. The company is ramping up production at the Limeco quicklime project in Zambia, aiming to supply regional industries, including copper producers in the Central African Copperbelt. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in Côte d’Ivoire, which has significant potential in supporting clean energy technologies.
Average Trading Volume: 923,282
Technical Sentiment Signal: Sell
Current Market Cap: £5.29M
For an in-depth examination of FRG stock, go to TipRanks’ Overview page.