Firering Strategic Minerals Plc ( (GB:FRG) ) has shared an announcement.
Firering Strategic Minerals plc has announced a conditional fundraise through a placing and subscription of new ordinary shares, aiming to raise over £1.5 million. This move is part of their strategy to secure funding for increasing their stake in Limeco, a project with a Tier 1 limestone deposit in Zambia, which is expected to reach full production capacity by Q1 2026. The project is strategically positioned to supply the growing demand for quicklime in the copper industry, especially as Zambia plans to significantly increase its copper output. Firering’s operations at Limeco are progressing well, with initial production milestones achieved and first sales expected shortly, positioning the company to capitalize on the rising demand for quicklime.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is a company involved in quicklime production and critical mineral exploration. It focuses on the mining industry and aims to meet the growing demand for quicklime, particularly driven by the surge in copper mining activities in the Central African Copperbelt region.
YTD Price Performance: -5.13%
Average Trading Volume: 1,348,997
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.92M
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