REG - Firering Strategic - Directors’ subscription; Further subscription

Firering Strategic MineralsAnnouncement

29/07/2025 11:00

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RNS Number : 0103T  Firering Strategic Minerals PLC  29 July 2025

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

29 July 2025

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Directors' subscription for shares; Further subscription

 

Further to the announcement issued at 7.34 a.m. earlier today, Firering
Strategic Minerals plc (AIM: FRG), an emerging producer of quicklime and
explorer of critical minerals, confirms the following subscriptions to raise a
further £279,500.

 

Youval Rasin, Chairman of the Company, and Shai Kol, director, have subscribed
for 11,666,666 new ordinary shares of €0.001 each in the Company ("Shares")
at an issue price of 1.5 pence per share (the "Issue Price") to raise
£175,000. Additionally, a further £104,500 has been raised by the issue of
6,966,666 Shares to other subscribers at the Issue Price.

 

Related Party Transactions

 

Youval Rasin has subscribed £125,000 for 8,333,333 shares at the Issue Price.
This subscription constitutes a related party transaction under AIM Rule 13 of
the AIM Rules for Companies. 1,666,667 shares have been subscribed in his own
name and 6,666,666 have been subscribed through Clearglass Investments Limited
("Clearglass"). Clearglass is a Cypriot company (Company number HE351995), in
which Mr Rasin is a director and 40% shareholder.

 

Shai Kol has subscribed £50,000 for 3,333,333 shares at the Issue Price. This
subscription constitutes a related party transaction under AIM Rule 13 of the
AIM Rules for Companies.

 

The Independent Directors (being Yuval Cohen, Vassilios Carellas and Remy
Welschinger) consider, having consulted with SPARK Advisory Partners Limited,
the Company's nominated adviser, that the terms of the subscription by Youval
Rasin are fair and reasonable in so far as Shareholders are concerned.

 

Admission

 

Application will be made shortly to the London Stock Exchange plc for
18,633,332 Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and that dealings in these
Shares on AIM will commence at 8:00 a.m. on or around 4 August 2025.

 

Total voting rights

 

On Admission, the Company's issued ordinary share capital will consist of
330,354,292 Ordinary Shares, with one vote per share. The Company does not
hold any Ordinary Shares in treasury. Therefore, on Admission, the total
number of Ordinary Shares and voting rights in the Company will be
330,354,292. With effect from Admission, this figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

ENDS

 

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

 

 Firering Strategic Minerals                          E: info@firering-holdings.com

 Yuval Cohen
 SPARK Advisory Partners Limited (Nominated Adviser)  T: +44 20 3368 3550

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

 Christian Dennis / Daniel Ingram
 Shard Capital Partners LLP (Joint Broker)            T: +44 20 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Limited (Financial PR)            E: firering@stbridespartners.co.uk

 Isabel de Salis / Susie Geliher / Seb Weller

 

Notes

Firering Strategic Minerals plc (AIM: FRG) is an emerging producer of
quicklime and explorer of critical minerals. The Company is currently focused
on ramping up production at the Limeco quicklime project in Zambia, where it
holds a 20.5% interest with an option to increase this to 45%. Targeting daily
output of 600-800 tonnes, Limeco is well positioned to supply copper producers
operating within the Central African Copperbelt and other regional industries
that currently rely on imported quicklime from South Africa. Additionally,
Firering is progressing the Atex Lithium-Tantalum Project in northern Côte
d'Ivoire, a highly prospective asset with significant lithium and
tantalum-niobium potential, supporting the global shift to clean energy
technologies

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                    Youval Rasin

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chairman

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Firering Strategic Minerals PLC

 b)   LEI                                                          213800WAVVOPS85N2205 (https://www.lei-lookup.com/record/213800WAVVOPS85N2205/)

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of €0.001 each in the share capital of Firering Strategic

                                                                 Minerals PLC

      Identification code

 b)   Nature of the transaction                                    Subscription for Ordinary Shares

                                                                   1,666,666 shares have been subscribed in the name of Yuval Rasin and 6,666,667

                                                            by Clearglass Investments Limited, a company in which Mr Rasin is a director
                                                                   and shareholder
 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         1.5 pence             8,333,333

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      29 July 2025

 f)   Place of the transaction                                     Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   Shai Kol

 2    Reason for the notification

 a)   Position/status                                              Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Firering Strategic Minerals PLC

 b)   LEI                                                          213800WAVVOPS85N2205 (https://www.lei-lookup.com/record/213800WAVVOPS85N2205/)

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of €0.001 each in the share capital of Firering Strategic

                                                                 Minerals PLC

      Identification code

 b)   Nature of the transaction                                    Subscription for Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         1.5 pence             3,333,333

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      29 July 2025

 f)   Place of the transaction                                     Outside a trading venue

 

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