Firering Strategic Minerals plc (LON:FRG), a development company focusing on critical minerals, is pleased to announce its Final Results for the year ended 31 December 2023.
OVERVIEW
· Successful alignment of near-term revenue objectives with evolving commodity markets through the acquisition of an initial 20.5% of Limeco Resources Limited (“Limeco”) post period end:
o Limeco owns an ex-Glencore limestone project with historical spend of over US$100m in Zambia which demonstrates immediate growth potential and significant cash flow prospects
o Quicklime is an essential component in various industries including copper production, steel manufacturing, construction, and environmental management
o c£2 million raised post period end to commence funding the acquisition of an initial 20.5% of Limeco, as well as finance the recommissioning of the lime plant and ramp up of its operations
