REG - Firering Strategic - Operations Update

Firering Strategic MineralsAnnouncement

10/02/2026 07:00

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RNS Number : 3017S  Firering Strategic Minerals PLC  10 February 2026

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

10 February 2026

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Operations Updates

 

Kiln 2 Hot Commissioned & Commercial Momentum Building

 

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

 

Highlights

·    Completed hot commissioning of Kiln 2, which is now entering the
optimisation phase.

·    Progression toward sustained multi-kiln production, strengthening
operating leverage, cash generation potential and strategic and financing
optionality.

·    Growing commercial momentum underpinned by successful product
validation, international orders, and further opportunities under discussion.

·    Completed the exercise of the third tranche of the Option to acquire
a further 5.5% interest in Limeco, taking its interest to 36.2%.

 

Firering Chairman and Interim CEO, Youval Rasin, commented: "Hot commissioning
of Kiln 2 is a further delivery milestone for Limeco and demonstrates the
operational discipline now in place across the site. Applying the learnings
from Kiln 1 enables us to have a more predictable, repeatable ramp-up as we
scale to a multi-kiln operation. Notably, each additional kiln brought into
stable production, materially strengthens the business and expands its
strategic optionality."

 

DETAILS

Limeco Operations

Limeco has completed the hot commissioning of Kiln 2, during which saleable
material was produced. As with the first kiln, production from Kiln 2 is
expected to ramp up over an approximate three-month optimisation period,
during which operating parameters will be progressively refined to achieve
consistent output with consistent quality and reliability. This optimisation
phase is standard practice in the industry.

 

Kiln 2 incorporates the operational learnings from the ramp-up of Kiln 1, with
targeted improvements to the burner system, airflow management, heat
distribution and monitoring protocols, supporting a faster and more
predictable path to steady-state production.

 

Each additional kiln brought into stable operation materially strengthens
operating leverage, cash generation potential and the overall resilience of
the Project. In this context, the successful hot commissioning of Kiln 2
represents a further step in strengthening Firering's strategic and financing
optionality as production capacity continues to increase.

 

Limeco Sales and Customer Engagement

Commercial momentum continues to build, with growing interest in Limeco's
product range and encouraging developments across local and regional markets.
Following a stringent validation process involving laboratory testing, bulk
sampling, site inspections and trial orders, Limeco secured a 600t order from
a major international mining group operating in Zambia. This order is
currently being fulfilled, alongside a similar-sized order for material
destined for clients in Zimbabwe. Engagements with additional prospective
customers are ongoing, and Limeco is now well positioned to compete in tenders
for longer-term supply contracts.

 

Limeco Option Agreement

In line with the Limeco Option Agreement (the "Option") (see RNS dated 28 May
2024), Firering has completed the exercise of the third tranche of the Option
to acquire a further 5.5% interest in Limeco, taking its shareholding in
Limeco to 36.2%.

 

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

 

Notes

Firering Strategic Minerals plc (AIM: FRG) is an Africa-focused producer and
developer of industrial and critical minerals. The Company's near-term focus
is the ramp-up of production at the Limeco lime project in Zambia, where
Firering holds a 36.2% interest with an option to increase this to 45%. Once
fully optimised, Limeco is expected to be among the largest lime operations in
the region, supplying major copper producers in the Central African Copperbelt
and gold producers in Zimbabwe. Firering's portfolio also includes the highly
prospective Atex Lithium-Tantalum Project in northern Côte d'Ivoire.

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