RCS - Firering Strategic - 2025 Statement & New Investor Presentation

Firering Strategic MineralsAnnouncement

08/01/2025 08:00

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RNS Number : 4402S  Firering Strategic Minerals PLC  08 January 2025

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

8 January 2025

Firering Strategic Minerals plc

("Firering" or "the Company")

 

2025 New Year Statement

& Publication of updated Investor Presentation

 

Solid foundation for sustainable growth and long-term value creation

 

Firering Strategic Minerals plc, an emerging quicklime production and critical
mineral exploration company, is pleased to provide a 2025 New Year Statement
from its Chief Executive Officer, Yuval Cohen. Additionally, an updated
Corporate Presentation has been published on the Company's website and can be
viewed at www.fireringplc.com/corporatepresentation. No material new financial
or other information has been provided.

 

"As we embark on 2025, I look back with pride on a transformative year for
Firering. This saw a strategic shift to prioritise Limeco, our near-term
quicklime asset in Zambia, and lay a solid foundation for sustainable growth
and long-term value creation.

 

"Accordingly, throughout the year, we focused on optimising Limeco's plant and
were delighted to commence testing of the first of eight kilns in December
with first production expected in the coming weeks. This milestone brings us
closer to our vision of a fully operational facility during 2025, targeting
daily production of 600-800 tonnes of quicklime over a +50-year life of mine.
Supported by its substantial resource of 45.2 Mt at 95.7% CaCO₃, Limeco is
potentially set to become Zambia's largest producer of high-grade quicklime,
ideally positioned to support the nation's expanding copper industry as well
as other critical sectors such as fertiliser and construction.

 

"Looking ahead, 2025 promises to be a year of execution and growth, with our
key priorities including:

·      Operational ramp-up: Commission all eight kilns to full capacity
during the year.

·      Operational Cash Flow Growth: Commence quicklime revenue stream
and build on the operational cash flow already generated from the production
and sale of aggregate and other ancillary services.

·      Build partnerships: Finalise offtake agreements with copper
producers, cement manufacturers, and agricultural stakeholders.

·      Implement non-dilutive funding strategy: Increase Firering's
interest in Limeco from the current 16.7% to 45%.

·      Create additional value: Explore options to realise the full
value of our Atex Project in North-West Côte d'Ivoire, which includes both
lithium and tantalum-niobium potential.

 

"In closing, I am confident that 2025 will be a year of remarkable
achievements for Firering and would like to thank our team and shareholders
for their support as we work together to realise the Company's full potential.

 

"Wishing you all a happy and prosperous 2025."

 

Yuval Cohen, Chief Executive Officer

 

*** ENDS ***

 

For further information visit www.fireringplc.com or contact:

 

 Firering Strategic Minerals
 Yuval Cohen                                                    info@firering-holdings.com
 SPARK Advisory Partners Limited (Nominated Adviser)
 Neil Baldwin / James Keeshan / Adam Dawes            +44 20 3368 3550
 Optiva Securities Limited (Joint Broker)
 Christian Dennis / Daniel Ingram                     +44 20 3137 1903
 Shard Capital Partners LLP (Joint Broker)
 Damon Heath / Erik Woolgar                           +44 20 7186 9950
 St Brides Partners Limited (Financial PR)
 Isabel de Salis / Susie Geliher / Seb Weller          firering@stbridespartners.co.uk

 

Notes

Firering Strategic Minerals plc is an AIM listed resource company set to
commence commissioning a significant quicklime project in Zambia in Q4 2024 to
produce 600-800 tonnes of quicklime per day along with ancillary products.
With over US$100 million in historical investment, the project is
strategically positioned to support the expanding copper producers in the
Zambian Copper Belt, which are currently reliant on imported quicklime from
South Africa.  Firering currently holds an SPA over a 20.5% stake in Limeco
Resources Limited ("Limeco") with 16.7% already paid and an option to increase
this to 45%. Additionally, the Company is advancing the Atex Lithium-Tantalum
Project in northern Côte d'Ivoire, an exploration project rich in lithium and
tantalum-niobium, with drilling results indicating significant resource
potential in this established mining jurisdiction.

 

 

 

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