Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1445S\n Firering Strategic Minerals PLC\n 12 November 2021\n \n \n \n \n NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE (IN WHOLE OR IN PART), DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH, DISTRIBUTE OR RELEASE THIS ANNOUNCEMENT.\n \n \n \n \n \n Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n \n 12 November 2021\n \n \n Firering Strategic Minerals plc \n \n \n \n \n \n Admission to AIM & First Day of Dealings\n \n \n \n \n \n Firering Strategic Minerals plc ('Firering' or 'the Company'), an exploration company focusing on the production of critical minerals, is pleased to announce that at 8.00 a.m. today its ordinary shares will be admitted to trading on AIM (\"Admission\") under the ticker FRG and ISIN CY0109692117. As part of the Admission process, the Company has raised gross proceeds of £4.0 million through the issue of 30,769,230 Placing Shares priced at 13p each, giving a market capitalisation of £11.3 million on Admission. \n \n \n \n \n \n The Company's Admission Document is available on the Company's website at: www.fireringplc.com\n \n \n \n \n \n Overview\n \n \n · \n Firering intends to become an ethical producer of strategic minerals required for the transition to net zero including lithium and columbite-tantalite - supplying EV, high tech electronics and other fast-growing markets.\n \n \n · \n Portfolio of projects in Côte d'Ivoire including the flagship Atex Lithium-Tantalum Project, which has a lithium exploration licence already in place - 2021 grab samples indicate high-grade lithium oxide (up to 4.91%) and tantalum (up to 1,610 ppm).\n \n \n · \n Lithium and columbite-tantalite are crucial components of EV batteries - demand to surge fuelled by forecasted 900% lift in EV penetration by 2030; also found in mobile phones and laptops.\n \n \n · \n Tantalum and niobium classified as strategic minerals of critical importance by the US and EU. \n \n \n · \n Côte d'Ivoire is a politically stable, proven mining jurisdiction, which is underexplored.\n \n \n · \n Short timelines anticipated to increase exploration and production activities at flagship Atex ...