Core Vct I Share Discussion Threads

[theonewhoknows2] 05/7/2022 03:42

watch

Jacobs Ladder

[the chairman elect] 04/7/2022 08:01

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining / Atex Lithium Tantalum Project Acquisition: Firering Increases Stake to 77%



Firering, an exploration company focusing on critical minerals, announces that it has increased its stake in its flagship Atex Lithium Tantalum Project ("Atex" or the "Project") in Côte d'Ivoire from 51% to 77%.



Highlights:



· Purchased 10% of the issued shares in Atex in exchange for 1,158,200 shares in the Company (with a value of £76,441 at the closing share price on 1 July 2022 of 6.6p per share; €88,672 based on £1 = €1.16) with a 12-month lock-in period plus orderly market provisions thereafter.

· Pursuant to an existing option agreement between Firering and Atex dated 31 March 2021 and covering 39% of the issued capital of Atex:

o Acquired 16% of the issued share capital of Atex for c.€320,000

o Option to acquire the remaining 23% stake of Atex remains in place to increase ownership of flagship Atex Lithium Tantalum Project to 100% (see terms outlined below)

· Transaction in line with the Company's strategy to focus on critical minerals and develop Atex to feed rampant demand for ethically sourced minerals required for the Net Zero transition.

· Lithium and columbite-tantalite are crucial components of EV batteries - demand to surge fuelled by forecasted 4700% lift in EV penetration by 2030 to 145 million vehicles according to the International Energy Association ("IEA"); also found in mobile phones, laptops.

· Atex is located in the Côte d'Ivoire - a politically stable, proven mining jurisdiction in West Africa, which is underexplored and ripe for mining investment.



Yuval Cohen, Chief Executive of Firering, said:

"We are delighted to have increased our ownership stake at our flagship Atex Lithium Tantalum Project, which we believe has the potential to become a significant lithium resource in West Africa.

"We are making rapid progress at Atex with the commencement of our 3,000m diamond drilling programme with eleven drill targets identified to intercept the potentially lithium-bearing pegmatite veins - marking a huge step forward in our exploration work. Our heightened confidence is reflected in our decision to increase Firering's ownership stake in Atex to 77%.

[noirua] 03/7/2022 12:18

Chairman, What the answer is to present markets I'm unsure. Many a potential gem is on hold as is Ditau. It will come good when the market allows and forecasting that moment is like staring into a crystal ball for a lead. Maybe if it could speak it would say, "Be Patient".

[the chairman elect] 02/7/2022 10:30

Hey Noirua reference both LSE:KAV and LSE:POW you have to say that DITAU is looking extremely interesting!

[noirua] 01/7/2022 22:40

Post removed and if you read it good luck. If not tough luck.

[theonewhoknows2] 01/7/2022 22:20

well LooOKEEI here

[noirua] 01/7/2022 15:27

Post removed and if you read it good luck. If not tough luck.

[theonewhoknows2] 01/7/2022 05:32

"this patsy thinks we wont do anything"


LOL

[theonewhoknows2] 01/7/2022 04:04

Hells Angel who stuck a pistol in Keith Richards' side and told him to play: As founder of biker gang dies aged 83, CHRISTOPHER STEVENS looks back at a tragic night in California that left him with a twisted fame

[theonewhoknows2] 01/7/2022 03:57

THE WINNER

(although wrong colour)

[theonewhoknows2] 01/7/2022 03:56

redd one hasNt got nob on steering wheel