REG - Firering Strategic - Directorate Appointment and Grant of Options

Firering Strategic MineralsAnnouncement

18/01/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240118:nRSR0608Aa&default-theme=true

RNS Number : 0608A  Firering Strategic Minerals PLC  18 January 2024

 

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

 

18 January 2024

 

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Directorate Appointment and Grant of Options

 

Firering Strategic Minerals plc, an exploration company focusing on critical
minerals, is pleased to announce it has appointed Remy Welschinger as
Non-Executive Director with effect from today.

 

Rémy Welschinger is the Cofounder and President of Viridian Lithium SAS,
which is focused on building the first lithium refining and conversion plant
in France. Remy was until recently finance director of Arc Minerals Limited,
the Zambia-focused copper explorer (and remains as a non- executive director).
Up until 2018, he was Head of Commodities Sales in Europe for Deutsche Bank
and previously, an Executive Director in the Fixed Income and Commodities
division of Morgan Stanley in London.

 

Commenting on the appointment Yuval Cohen, Chief Executive Officer of
Firering, said:

 

"On behalf of the board I would like to welcome Rémy to the team. He has
extensive, relevant commodity experience gained from his role at Viridian
Lithium, and African experience from Arc Minerals, making him an ideal
addition to our team. I look forward to working closely with Rémy as we
continue to advance our work programme at Atex our flagship lithium project in
Côte d'Ivoire."

 

Grant of Options

As part of his appointment package Mr Welschinger has been granted a total of
868,854 options ("Options"). The Options have a term of five years from the
date of grant and upon exercise entitles the holder to purchase one ordinary
share per Option at an exercise price of 6.5 pence per ordinary share.

 

Additional information:

 

The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies:

 

Remy Jaime Jacques-Henri Welschinger, aged 41, holds or has previously held
the following directorships:

 

 

 

 Current directorships and/or partnerships  Former directorships and/or partnerships (within the last five years):
 Arc Minerals Ltd                           Element-46 Ltd

 Limehouse Capital Ltd                      Chelsea Travel Company Ltd

 Sustineri Group Ltd                        Cosmos Exploration Ltd

 Infinity Lithium Incorporation             Limehouse Asset Management Limited

 Viridian Lithium SAS

 

Mr Welschinger holds 965,000 ordinary shares in the Company representing 0.95%
of the issued share capital. This includes 300,000 ordinary shares held by Mr
Welschinger's spouse.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

*** ENDS ***

 

For further information and updates on Firering's exploration programme, visit
www.fireringplc.com or contact the following:

 

 Firering Strategic Minerals                          Tel: +44 20 7236 1177

 Yuval Cohen

 SPARK Advisory Partners Limited (Nominated Adviser)  Tel: +44 20 3368 3550

 Neil Baldwin / James Keeshan / Adam Dawes
 Optiva Securities Limited (Joint Broker)             Tel: +44 20 3137 1903

 Christian Dennis / Daniel Ingram
 Shard Capital Partners LLP (Joint Broker)            Tel: 020 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Limited (Financial PR)            T: +44 20 7236 1177

 Ana Ribeiro / Susie Geliher / Isabelle Morris        E: firering (mailto:firering) @stbridespartners.co.uk
                                                      (mailto:firering@stbridespartners.co.uk)

Notes to Editors:

 

Firering Strategic Mineral

Firering Strategic Minerals plc is an AIM-quoted mining company focused on
exploring and developing a portfolio of mines producing strategic minerals in
Côte d'Ivoire, specifically lithium and tantalum, to support the global
transition to net zero emissions. It operates the Atex Lithium-Tantalum
Project in northern Côte d'Ivoire, which is prospective for both lithium and
tantalum.  Firering's main focus is working together with Australian
diversified minerals company Ricca Resources to advance development at Atex
with a view to establishing a maiden lithium resource and then progressing a
Lithium project through to DFS.  Firering is also assessing pilot scale
production of ethically sourced tantalum and niobium to generate early
revenues and support further exploration work.  Should pilot production be
successful, a large-scale tantalum production facility may be developed, which
will be supported by a debt facility of FCFA 5,057,000,000 (approximately
€7,500,000) currently under negotiation to fund the entire scale-up plan to
develop a portfolio of ethically sourced mineral projects in the Côte
d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing
end markets.  Firering also has an option to acquire up to 28.33% of Limeco
Resources Limited, the owner of a Limestone project located 22km west of
Lusaka in Zambia.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAQKOBDOBKDQDD