REG - Firering Strategic - Ricca Resources US$1M Settlement Finalised

Firering Strategic MineralsAnnouncement

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RNS Number : 3644L  Firering Strategic Minerals PLC  12 December 2025

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

12 December 2025

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Ricca Resources US$1M Settlement Finalised

 

Firering Strategic Minerals plc (AIM: FRG), a producer of quicklime and
explorer of critical minerals, announces that, further to its update of 19
November 2025, all resolutions at the Extraordinary General Meeting ("EGM") of
Ricca Resources Limited ("Ricca") were passed earlier today.  Firering now
expects to receive US$1 million in full settlement of all debts and claims
owed by Ricca.

 

As stated previously, Firering also expects that Ricca will make a
distribution of net proceeds to Ricca's shareholders following completion of
the sale of a subsidiary asset for A$4.4 million (approximately £2.2
million), subject to an adjustment of up to A$332,000 (approximately
£166,000) payable to Skylark Minerals Limited (ASX: SKM) (Skylark). Firering
holds a 10.6 percent shareholding in Ricca.

 

*** 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
 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, 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 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.

 

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