REG - Firering Strategic - Operations Update

Firering Strategic MineralsAnnouncement

14/01/2026 07:00

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RNS Number : 7767O  Firering Strategic Minerals PLC  14 January 2026

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

14 January 2026

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Operations Update

 

Production momentum accelerating with new potential revenue streams and
portfolio upside

 

Firering Strategic Minerals plc (AIM: FRG), a producer of lime products and
explorer of critical minerals, is pleased to provide an update on operational
progress at its producing lime asset in Zambia, Limeco Resources Limited
("Limeco"), alongside positive developments across its broader portfolio.

 

Highlights

·      Cold commissioning of Kiln 2 commenced with hot commissioning to
follow shortly thereafter.

·      Container with equipment for Kilns 3 and 4 on site allowing rapid
modification once Kiln 2 is operating.

·      Commercial momentum building with strengthening potential demand
from a varied customer base.

·      Fast-tracking the installation of a high-purity calcium carbonate
milling circuit with commissioning currently expected in Q3 2026.

·      Portfolio value reinforced as Atex and Alliance attract
third-party interest amid improving lithium market conditions.

 

Yuval Cohen, Chief Executive Officer of Firering, commented: "Operational
momentum is building across the business. At Limeco, the cold commissioning of
our second kiln marks an important step towards scaling production, while
growing customer engagement, and the acceleration of new potential revenue
streams underline the strength of demand for our lime products. In parallel,
improving lithium market dynamics are drawing renewed third-party interest in
Atex and Alliance, highlighting the strategic value embedded in our wider
portfolio."

 

Limeco Operations

Limeco continues to make good operational progress as it advances towards
higher output from its integrated limestone mining and processing operation.

 

Following on from connecting Kiln 2 to the feed system and gasifier, cold
commissioning has commenced, with hot commissioning and optimisation to
follow. Once commissioned, production from Kiln 2 is expected to ramp during a
three month optimisation period. The final container with equipment for Kilns
3 and 4 is now on site, allowing the Company to move quickly into modifying
these kilns once Kiln 2 is optimised and operating.

 

Kiln 1 remains operational, and over recent months Limeco has built up an
inventory of approximately 5,000 tonnes of finished product, providing
near-term supply flexibility as production scales.

 

In addition, Limeco is fast-tracking the installation of a high-purity calcium
carbonate milling circuit (exceeding 95 percent CaCO₃). This will create a
new revenue stream with applications across construction materials, industrial
products and environmental uses. Commissioning of the milling circuit is
currently expected in Q3 2026.

 

Limeco Sales and Customer Engagement

Commercial momentum continues to build, with a growing pipeline of sales
discussions progressing through the typical three-month qualification process,
including laboratory testing, bulk sampling, site inspections and trial
orders.

 

Notably, Limeco recently hosted a site visit from a major international mining
group operating in Zambia, the country's largest copper and cobalt producer.
Discussions focused on Limeco's production capabilities and the potential
supply of hydrated lime, reflecting increasing demand from large-scale mining
operators for reliable, high-performance lime products critical to their
operations.

 

Atex and Alliance Portfolio Assets

Following the announcement of 19 August 2025 and subsequent confirmation of
full and final settlement (as detailed in the announcements of 12 November
2025, 19 November 2025 and 24 December 2025), Firering now holds a 90 percent
interest in Atex and a 51 percent interest in Alliance, both lithium-tantalum
projects located in Côte d'Ivoire. These assets are fully unencumbered.

 

The Board continues to monitor improving lithium market conditions, which it
believes are increasingly highlighting the compelling value fundamentals of
both projects. In this context, Firering has received third-party interest in
Atex and Alliance, reinforcing their underlying value within the Company's
portfolio.

 

*** ENDS ***

 

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

 

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

 Vassilios Carellas
 SPARK Advisory Partners Limited (Nominated Adviser)  T: +44 20 3368 3550

 Neil Baldwin / James Keeshan
 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 lime project in Zambia, in which it
holds a 30.7% 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 gold producers operating
in Zimbabwe. 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.

 

 

 

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