Firering Strategic Minerals secures key agreement for Zambia project

Firering Strategic Minerals, an AIM-listed mining company based in Cyprus, has secured a two-year agreement with a major multinational commodity trader, expected to generate USD 600,000 to USD 720,000 in annual revenue. This agreement supports the company’s Limeco quicklime project in Zambia, providing positive cash flow ahead of its expected production start in late 2024.

Firering is ramping up quicklime production and is negotiating offtake agreements with copper producers. The Limeco project is set to become the largest quicklime producer in Zambia, supplying the Copperbelt region’s mining industry, which currently imports quicklime from South Africa. The project has received USD 100 million in investment, and Firering holds a 20.5% stake, with the option to increase this to 45%.

In addition to Limeco, Firering is exploring a Lithium and Tantalum project in Ivory Coast. Despite a decline in share prices, Firering’s strategic developments suggest potential growth, making it a company to watch closely.

Firering Strategic Minerals plc (LON:FRG) is an AIM-quoted mining company focused on becoming a near-term cash generating producer of Quicklime, through their Limeco Project in Zambia, whilst at the same time progressing with the exploration and development of their Atex Lithium Project, Côte d’Ivoire.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Firering Strategic MineralS PLC

More articles like this

Firering Strategic MineralS PLC

Limestone mining and processing

Limestone mining begins with locating and evaluating a suitable deposit, followed by clearing vegetation and topsoil from the identified site. Once the area is prepared, drilling and blasting methods are employed to expose the layers of

Firering Strategic MineralS PLC

Limestone: A foundation of industry and everyday life

Limestone, a sedimentary rock mainly composed of calcite, makes up approximately 15% of the Earth’s sedimentary crust and serves as a cornerstone in construction and various industrial processes. Its prevalence as a primary material extends across

Firering Strategic MineralS PLC

Powering the future of Clean Energy and Technology

The global demand for strategic minerals continues to surge, driven by the accelerating transition towards clean energy technologies and electric vehicles (EVs). This shift is propelling significant growth across various sectors, from lithium-ion battery production to

Firering Strategic MineralS PLC

Coltan: A key mineral in modern technology

Coltan, also known as Columbite-Tantalite, is an ore that yields two important metals: tantalum and niobium. The mineral is composed of both tantalum-dominant and niobium-dominant components, known respectively as tantalite and columbite. These metals are highly

Firering Strategic MineralS PLC

Understanding limestone and its varieties

Limestone is a sedimentary rock primarily made up of calcium carbonate, often in the form of calcite, or a mix of calcium and magnesium, commonly referred to as dolomite. It frequently contains small fossils, shell fragments,

Firering Strategic MineralS PLC

Firering secures new licence to expand Zambia limestone project

Firering Strategic Minerals has successfully secured an additional exploration licence for its limestone project in Lusaka, Zambia. This expansion, carried out through its subsidiary Limeco Resources, is expected to boost the company’s resource estimates significantly, supporting

Firering Strategic MineralS PLC

Limeco Resources secures licence to boost Quicklime production

Firering Strategic Minerals recently announced that its subsidiary, Limeco Resources, has secured a 392.51-hectare exploration licence adjacent to its existing site in Zambia. This expansion is projected to enhance Limeco’s mineral resource estimate (MRE) by an

Firering Strategic MineralS PLC

Limestone’s lasting importance in agriculture

Limestone has long been a crucial component in agriculture, primarily used for soil conditioning and improvement, which directly enhances crop yield and quality. Despite the constant advancements in agricultural technology, limestone remains essential due to its