REG - Firering Strategic - Update on Ricca EGM Date & Settlement

Firering Strategic MineralsAnnouncement

19/11/2025 07:00

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RNS Number : 0578I  Firering Strategic Minerals PLC  19 November 2025

 

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

19 November 2025

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Update on Ricca EGM Date & Settlement

 

Firering Strategic Minerals plc (AIM: FRG), a strategic minerals producer and
explorer, announces that, further to the RNS dated 12 November 2025, Ricca
Resources Limited ("Ricca") has confirmed that its EGM will be held on 12
December 2025. Consequently, Firering expects to receive US$1 million in full
settlement of all debts and claims owed by Ricca, with payment anticipated
five business days after the EGM.

 

As stated previously, Firering also expects that Ricca will make a
distribution of net proceeds to its shareholders following completion of the
sale of a Ricca 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.

 

* Further details of these agreements are set out on Skylark's website:
https://skylarkminerals.com/ (https://skylarkminerals.com/)

 

 

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