REG - Firering Strategic - Directorate Change

Firering Strategic MineralsAnnouncement

06/10/2023 12:00

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RNS Number : 0113P  Firering Strategic Minerals PLC  06 October 2023

 

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

 

6 October 2023

Firering Strategic Minerals Plc

 ("Firering" or the "Company")

Directorate Change

 

Firering, an exploration company focusing on critical minerals, announces that
Mr Neil Herbert has informed the Board of his decision to step down as Senior
Independent Non-Executive Director, effective today due to his increased
commitments, most notably his appointment as Executive Chairman of AIM and ASX
listed Atlantic Lithium Limited.

The Board would like to thank Mr Herbert for his substantial contribution to
the development of Firering since he joined the Company in 2021.  The Company
intends to appoint a new Senior Independent Non-Executive Director in due
course and a further announcement will be made as appropriate.

 

On behalf of the Board, Youval Rasin, Non- Executive Chairman of Firering,
said:

"We would like to take this opportunity to thank Neil for his valued
contribution to the progress Firering has made since its IPO in 2021.  We
have been fortunate to benefit from his extensive experience over the past two
years, however we understand that Neil's role at Atlantic Lithium has evolved
significantly over the last 12 months, and indeed, as Atlantic Lithium moves
into the next phase of development, the demands on his time will grow ever
more."

"We are very grateful for all of Neil's contribution to the Company and wish
him all the best for the future."

 

*** ENDS ***

 

The information contained within this announcement was deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014, as amended by regulation 11 of the Market Abuse (Amendment) (EU
Exit) Regulations 2019/310, prior to release of this announcement. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

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

 Vassilios Carellas

 SPARK Advisory Partners Limited                 Tel: +44 20 3368 3550

 Nominated Adviser

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

 Broker

 Christian Dennis / Daniel Ingram
 St Brides Partners Limited                      T: +44 20 7236 1177

 Financial PR                                    E: firering (mailto:firering@stbridespartners.co.uk) @stbridespartners.co.uk

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

 

Notes to Editors:

 

Firering Strategic Minerals

Firering Strategic Minerals plc is an AIM-quoted mining company focused on
exploring and developing a portfolio of mines producing critical minerals in
the Côte d'Ivoire focused on 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.

 

 

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