Firering Strategic Minerals PLC Appointment of Joint Broker (1592T)

TIDMFRG

RNS Number : 1592T

Firering Strategic Minerals PLC

13 November 2023

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

13 November 2023

Firering Strategic Minerals plc

("Firering" or "the Company" or "FSM")

Appointment of Joint Broker

Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce that it has appointed Shard Capital Partners LLP to act as joint broker to the Company with immediate effect.

- Ends -

For further information visit: www.fireringplc.com or contact the following:

 
 Firering Strategic Minerals                  Tel: +44 20 7236 1177 
  Yuval Cohen 
 SPARK Advisory Partners Limited (Nominated   Tel: +44 20 3368 3550 
  Adviser) 
  Neil Baldwin / James Keeshan / Adam 
  Dawes 
 Optiva Securities Limited (Joint             Tel: +44 20 3137 1903 
  Broker) 
  Christian Dennis / Daniel Ingram 
 S hard Capital Partners LLP (Joint           Tel: 020 7186 9950 
  Broker) 
  Damon Heath / Erik Woolgar 
 St Brides Partners Limited (Financial        T: +44 20 7236 1177 
  PR)                                          E: firering @stbridespartners.co.uk 
  Ana Ribeiro / Susie Geliher / Isabelle 
  Morris

Notes to Editors:

Firering Strategic Mineral

www.fireringplc.com

Firering Strategic Minerals plc is an AIM-quoted mining company focused on exploring and developing a portfolio of mines producing strategic minerals in Côte d'Ivoire, specifically lithium and tantalum, to support the global transition to net zero emissions. It operates the Atex Lithium-Tantalum Project in northern Côte d'Ivoire, which is prospective for both lithium and tantalum. Firering's main focus is working together with Australian diversified minerals company Ricca Resources to advance development at Atex with a view to establishing a maiden lithium resource and then progressing a Lithium project through to DFS. Firering is also assessing pilot scale production of ethically sourced tantalum and niobium to generate early revenues and support further exploration work. Should pilot production be successful, a large-scale tantalum production facility may be developed, which will be supported by a debt facility of FCFA 5,057,000,000 (approximately EUR7,500,000) currently under negotiation to fund the entire scale-up plan to develop a portfolio of ethically sourced mineral projects in the Côte d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing end markets. Firering also has an option to acquire up to 28.33% of Limeco Resources Limited, the owner of a Limestone project located 22km west of Lusaka in Zambia.

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November 13, 2023 02:00 ET (07:00 GMT)

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