Business
Fundraising and Limeco Operations Update
Firering Strategic Minerals plc has secured US$1 million in settlement of debts from Ricca and raised an additional £0.86 million through a placing and subscription, totaling £0.817 million net. These funds will support increased interest in its Limeco operations in Zambia and the ramp-up of lime production, with Kiln 2 refurbishment complete and cold commissioning expected mid-January. The company is also developing a higher-value limestone powder product and advancing commercial discussions with long-term partners, positioning Limeco as a key supplier to the mining, food, and industrial sectors. Disclaimer*
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nFirering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n24 December 2025\nFirering Strategic Minerals plc\n(\"Firering\" or \"the Company\")\n \nFundraising and Limeco Operations Update; Related Party Transactions\n \nFunded and Scaling Production\n \nFirering Strategic Minerals plc (AIM: FRG), a producer of lime products and explorer of critical minerals, is pleased to announce that it has received US$1m in full and final settlement of all debts and claims owed by Ricca. In addition, Firering announces the closing of a placing and subscription raising a further £0.86 m (the \"Placing\" and \"Subscription\"). The injection of new capital will support continued progress at Firering's flagship asset, Limeco Resources Limited (\"Limeco\") in Zambia, where the ramp up of lime production is advancing in line with the Company's growth strategy.\n \nHIGHLIGHTS\n· US$1m Ricca debt settlement received together with £0.86m raised, support increasing Firering's interest in Limeco and the continued ramp up of operations\n· Kiln 2 refurbishment complete with current activities focussed on connecting it to the gasifier and feed system - cold commissioning to commence in mid-January.\n· Final container for Kiln 3 & 4 expected on site next month allowing for the immediate refurbishment and commissioning of these two additional kilns after bringing Kiln 2 online.\n· Third product stream, a >95% CaCo3 powder, which is expected to achieve multiples of the sales value of the limestone in its current aggregate form, now being developed.\n· Commercial traction accelerating under new Head of Sales, with several long-term partner negotiations advancing through a three to six month testing cycle.\n \nYuval Cohen, Chief Executive Officer of Firering, commented: \"We are pleased to have received th...