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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Firering Strategic Minerals Plc | FRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.10 | 2.70% | 3.80 | 08:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.70 | 3.70 | 3.80 | 3.70 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
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Posted at 19/2/2025 09:49 by jbe81 Frg at 55.20 for new investors who haven't seen it |
Posted at 08/1/2025 08:30 by pangrati 2025 New Year Statement& Publication of updated Investor Presentation Solid foundation for sustainable growth and long-term value creation Firering Strategic Minerals plc, an emerging quicklime production and critical mineral exploration company, is pleased to provide a 2025 New Year Statement from its Chief Executive Officer, Yuval Cohen. Additionally, an updated Corporate Presentation has been published on the Company's website and can be viewed at www.fireringplc.com/ "As we embark on 2025, I look back with pride on a transformative year for Firering. This saw a strategic shift to prioritise Limeco, our near-term quicklime asset in Zambia, and lay a solid foundation for sustainable growth and long-term value creation. "Accordingly, throughout the year, we focused on optimising Limeco's plant and were delighted to commence testing of the first of eight kilns in December with first production expected in the coming weeks. This milestone brings us closer to our vision of a fully operational facility during 2025, targeting daily production of 600-800 tonnes of quicklime over a +50-year life of mine. Supported by its substantial resource of 45.2 Mt at 95.7% CaCO₃, Limeco is potentially set to become Zambia's largest producer of high-grade quicklime, ideally positioned to support the nation's expanding copper industry as well as other critical sectors such as fertiliser and construction. "Looking ahead, 2025 promises to be a year of execution and growth, with our key priorities including: · Operational ramp-up: Commission all eight kilns to full capacity during the year. · Operational Cash Flow Growth: Commence quicklime revenue stream and build on the operational cash flow already generated from the production and sale of aggregate and other ancillary services. · Build partnerships: Finalise offtake agreements with copper producers, cement manufacturers, and agricultural stakeholders. · Implement non-dilutive funding strategy: Increase Firering's interest in Limeco from the current 16.7% to 45%. · Create additional value: Explore options to realise the full value of our Atex Project in North-West Côte d'Ivoire, which includes both lithium and tantalum-niobium potential. "In closing, I am confident that 2025 will be a year of remarkable achievements for Firering and would like to thank our team and shareholders for their support as we work together to realise the Company's full potential. "Wishing you all a happy and prosperous 2025." Yuval Cohen, Chief Executive Officer |
Posted at 02/12/2024 12:12 by someuwin Pro-mining Zambia Government pulling out all the stops to increase copper production nearly four-fold from the current 800,000 metric tonnes to 3 million metric tonnes by 2031. they're going to need an awful lot more quicklime to process all that copper..."Zambia working on mining law reform to boost copper production The two mining reform bills will support the government's goal of increasing copper output to 3 million metric tonnes per annum by 2031 Anoop Menon, Zawya Projects November 28, 2024 Zambia is working on two mining reform bills that will be signed into law by its President once approved by the parliament after a muti-stakeholder consultative process, a senior government official said. The Mining Regulations Commission Bill and Geological and the Minerals Development Bill will replace the existing Mines and Minerals Development Act of 2015 and are central to southern African country’s strategy to increase annual copper production nearly four-fold from the current 800,000 metric tonnes to 3 million metric tonnes by 2031. Chaanza Chifwepa, Principal Exploration Geologist, Ministry of Mines and Minerals Development said the reforms aim to increase transparency, attract investment, and strengthen compliance within the sector. “The Mining Regulations Commission Bill will regulate the sector and provide visibility for compliance and investment protection, while the Geological and Minerals Development Bill addresses policy aspects,” he explained at The Mining Show in Dubai on Tuesday. An Investment Promotion Department, which will be formally created once the Ministry is restructured, will work with a Special Purpose Vehicle (SPV) established by the Ministry to facilitate public-private partnerships (PPPs) for mining projects, starting from the exploration stage. “We want to see the transformation of our economy where the government has a participatory role but one that also protects the interests of the investors,” Chifwepa said. Certain areas have been restricted for government investment and with potential partners under the PPP model. “We're trying to do away with speculative holding of licenses. If there's any that has been non-compliant we either cancel and reserve those good looking areas that we can market through a bidding process,” he explained. Last month, Bloomberg had reported that more than 40 permits for critical minerals reserved by the ministry will be transferred to SPV, which will then negotiate agreements with partners. Chifwepa also stated that the Zambian government has initiated a Country-wide High Resolution Aerial Geophysical Survey (CHRAGS) that it will spend about $100 million to complete. The survey, which began in July 2023, is expected to be completed by 2026, and aims to attract private investors and expedite the timeline for discovering and mining new resources." |
Posted at 27/11/2024 08:45 by altom Good news ! Once again the Board has kept to time table. Plenty more good news before Christmas, and then into the New Year. 20p before Easter.Must be traders selling. Made their profit and gone. As an investor I picked up another 50000+ this morning. GLA. |
Posted at 16/11/2024 23:06 by lithian72 This interview with Vassilios Carellas was published on the 7th November.....but I don't think news of it made it on to this thread:For newbies looking in, the best and most comprehensive recent report was the Corporate Presentation, which went live on Investor Meet Company (3rd October). This is now available on the company website as a PDF: hxxps://www.firering |
Posted at 15/11/2024 08:50 by jaylett Anything that doesn't end up with confetti share placings in the hands of bucket shop outfits is a good thing. Overhangs and dilution are a killer for any early investor. If they generate the cash they expect then this is the right way to do it. Of course the interest is high; it's an early stage venture for an unproven business. Get the bridge loan paid off ASAP and proper bank financing and we're in business. |
Posted at 30/10/2024 20:21 by lithian72 Recent Write-Up, courtesy of smallcappix:Firering Strategic Minerals Near-term Quicklime Producer set to benefit from a rising Copper Market Firering Strategic Minerals 24 Oct 2024 313 Thom Hudson Mining With a strategic shift toward quicklime production, guided by a strong copper-aligned market, Firering is set to supply Zambia’s booming copperbelt this quarter. For the past few years, Firering Strategic Minerals (FRG) have primarily been known for their exploration activities at the Atex Lithium & Tantalum Project in Cote d'Ivoire. However, with faltering Lithium prices, last summer they pulled off a deal that went relatively unnoticed, but would change the trajectory, and fortunes of the company, immeasurably. The acquisition in question was for a 20.5% stake in Limeco, Zambia. Limeco, Zambia – An Overview Limeco, an ex-Glencore Quicklime project, was initially built to supply Quicklime to their nearby copper plant. However, having moved out of Zambia with the closure of the Copper plant, Glencore only fired up one of the eight fully constructed kilns before suspending operations and divesting to a local vendor, now Firering's counterparty. FRG has taken a 20.5% stake in the project but has an SPA & option agreement in place to acquire 45%. Limeco is a fully constructed, fully permitted, near-term plant made up of eight kilns for burning crushed limestone to produce 600-800 tonnes of Quicklime per day. Situated next to the kiln complex is a Limestone stockpile of c.150,000 tonnes for immediate production once the first kiln has been recommissioned. This stockpile has in itself a value of $33-35m once processed. In addition, there is an aggregate rock stockpile of c.250,000 tonnes for at “the gate sales” (recent re-appraisal has upgraded this from a waste pile to one of significant material quality & value). Adjacent to the main plant is a quarry with an in situ mineral resource of 73.7Mt @ 95.3% CaCO and a 30-year lifespan. Although, as per the RNS dated 3rd September 2024 an additional license area has been permitted and has the potential to upgrade and double the resource to a 60-year lifespan and the MRE by an extra 60-70mt of similar-grade material. There is also scope for significant increases to the resource estimates with further mining activity, as the primary asset has only been quarried to a depth of 80 metres. A ballpark NPV of $100-150m has been floated but has to be firmed up with pricing from upcoming offtake agreements. It’s worth noting that the offtake partners have confirmed the commercial quality of the material they’ve assessed and negotiations are in advanced stages. At full capacity, FRG is set to produce 600-800 tonnes of quicklime daily by Q3 2025. To contextualise, quicklime prices have ranged from US$160 to US$218 per tonne over the past 2 years, so at a mid-forecast price of $180 p/t and production of 700 tonnes per day revenues of $46,000,000 pa could be achievable from Quicklime production alone. Limeco, Zambia - Commissioning and Production Timeline: Since the acquisition, FRG has worked steadily and efficiently to commission the plant with the aim of going into Quicklime production by the end of 2024. A year on, that timeline hasn’t changed. Primary commissioning of the two-stage crushers was completed toward the end of last year, and further modifications to the crushing plant to enhance the correct limestone size fraction for the kilns and the production of aggregate from its waste stream were concluded this summer. Other key improvements have been added throughout the year, but the most ambitious and time-consuming task has been to transition the plant away from its reliance on heavy fuel oil to the far greener and more economical power source of coal gasification. With groundworks completed and much of the equipment on site, the final stage before production can begin is the commissioning of the coal gasifier. With this completed, FRG should be on track to fire up the first kilns later this quarter. Atex Project, North-West Cote d'Ivoire It is worthwhile to note FRG’s other key asset, of which they hold a 90% interest in the licence, focussing on both lithium & tantalum-niobium. The site is well positioned with access by air, high-quality road and rail, as well as by the Ports of San Pedro & Abidjan. The first DD scout drilling campaign was completed in 2022 with 3,009m drilled over 19 holes. The first RC drilling campaign was completed in March 2024 with 8,753m drilled over 23 holes (See accompanying slide for grades) FRG – Generating Revenues: Operationally FRG are already cashflow positive even before the first kilns are fired up, and they have done this in a very astute manner. With aggregate stockpiles of some 250,000 tonnes and more produced during the commissioning of the crushers, FRG has been selling aggregate “at the gate” for the best part of a year and has aggregate offtake agreements drawn up. Aside from this, the recently redundant heavy fuel tanks have been leased and equipment from Glencore’s historical $104m spend is currently generating revenue. As per the RNS Aug 2024, FRG has entered into a 2-year agreement providing expected revenue of $600,000- $720,000 per annum. It is also worth noting that due to the Limeco acquisition, FRG has a significant tax umbrella in place. Why Quicklime? Why FRG? Quicklime has a wide range of applications, as an agricultural fertiliser, in the chemical industry & crucially it has key chemical properties that make it essential for copper production. Lime is used to adjust the pH of ore processing solutions, optimising conditions for copper extraction and is also a tremendous remover of impurities, therefore improving the quality and purity of extracted copper. The global quicklime price has strengthened over the past 2 years, trading between $160-$218/tonne, and the global lime market, valued at $55.9bn in 2022, is projected to grow at a CAGR of 5.4% from 2023 to 2031 to reach $89.8bn. Quicklime demand and pricing are closely linked to the copper market, which is forecast to reach $40,000 a tonne in the next 4 years, up from $11,000 a tonne in May 2024. FRG already has direct & extensive experience in Quicklime production due to strong BOD connections with NEGEV Minerals (one of Israel's largest Quicklime producers). CEO Yuval Cohen is highly experienced boots on the ground in Zambia, and they have a small but focused team in place. Risk Factors: Normally this is a much lengthier section to any investment case, however, the fast-tracked nature of the project, the fact the plant is fully constructed, permitted and funded, and the relatively simple process of Quicklime production make FRG all rather low-risk. The primary pitfalls appear to sit with Quicklime prices and potentially unforeseen geopolitical events in Zambia and the surrounding jurisdictions. However, with lime prices heavily influenced by the copper market and Zambia a relatively safe jurisdiction focused on developing its copper industry, I’d say these risks are manageable. Investors have expressed concerns about further fundraises to fulfil the necessary payments to increase the FRG stake in Limeco to 45%, however, as production ramps up and revenue increases, so does the access to debt facilities, and in my opinion, this rules out further large dilutive placings. Other Points of Interest: Concrete Processing Plant: Part of the historic Glencore spend was on a concreterocessing facility, which is currently stored, ready for assembly, in containers on site. Once the eight kilns are fully up and running, FRG plans to build and commission the concrete plant to further monetise the waste aggregate generated from quicklime production. Once operational, the concrete processing plant has the potential to generate an additional $20m per annum, subject to the outcome of the offtake agreement. Recent Capital Raise: The recent placing on 28th June 2024 generated £2.13m to progress the Limeco plant to revenue-generating production by the end of the year. A target that appears to be on schedule and on budget. It is worth noting that in this fundraise, the BOD bought £230,000 of FRG stock, a significant vote of confidence for investors. Also, during the placing, well-regarded Fund Manager Nick Grace bought a 4.96% stake in the company. With nearly 50% of the issued shares not in public hands, the share price tends to move rather nimbly even on low volumes. Zambia and the Copperbelt Boom: Limeco is situated 20km west of Lusaka, with existing infrastructure in place, including main access roads, power and water. As one of the most stable political environments in Africa, Zambia is pro-mining and committed to boosting the copper industry by 2-3x, as it makes up 70% of the nation’s revenues. This means that domestic demand is and will continue to be high, and it is anticipated that little, if any, FRG quicklime will need to be exported. Conclusion With a strategic shift towards quicklime production, guided by a strong Copper-aligned market, FRG has shown itself to be focused, on time and on budget in recommissioning the Limeco Plant. FRG have made some astute decisions, such as early revenue generation from the Logistics Service Agreement and aggregate sales, as well as the idea to utilise coal gasification to improve cost efficiency and environmental impact. They are also proactive on social media, and many investors have been impressed with their investor relations and PR offering. Critically, they have extensive experience in the Quicklime industry through their ties and contacts with NEGEV Israel, and the BOD have significant skin in the game with £230,000 of buying in the last placing. Also, with shows of confidence from the likes of Nick Grace and nearly 50% of the issued shares not in public hands, the price tends to move rather well even on low volumes. Content Contributed by Thom Hudson |
Posted at 22/10/2024 13:54 by smackeraim I'm unsure people realise what it is we are mining here, and how crucial it is to Zambias copper industry..Just look at their plans.. (link)https://www.mi |
Posted at 25/9/2024 06:31 by apotheki Interim Results& Investor Presentation Firering Strategic Minerals plc, a development company specialising in critical minerals, is pleased to announce its Interim Results for the six months ended 30 June 2024. OVERVIEW Focused on advancing quicklime asset in Zambia having raised c.£2 million of equity funding in May: · Fully permitted, project with an estimated resource of 73.7 million tonnes (Mt) at 95.3% CaCO3. · On track to start phased production in Q4 2024 and ramp up to full capacity by mid-2025 to become one of the largest quicklime producers in the region. · Strategic decision driven by quicklime's strong alignment with the robust copper market. Limeco is already generating positive cash flow: · Sales of aggregate commenced in October 2023. · Two-year logistics services revenue agreement signed in August 2024. · Other ancillary revenue streams expected to come online in due course. Enhancing Limeco's strong economic foundation: · Currently targeting daily production of 600-800 tonnes of quicklime projected to sustain operations for around 30 years. · Granted an additional exploration licence, which could expand existing Mineral Resource Estimate by an additional 60 to 70Mt of similar-grade material. Progress in advancing the Atex Project in north-west Côte d'Ivoire: · Expanded known lithium mineralisation 122% following first reverse circulation campaign in March 2024. INVESTOR PRESENTATION Firering will provide a live Investor Presentation via Investor Meet Company (IMC) on Thursday 3 September at 12.00pm BST. This is open to all existing and potential shareholders; to sign up visit: hxxps://www.investor The Investor Presentation will be published on the Company's website from the same time as the IMC presentation commences: hxxps://www.firering |
Posted at 30/8/2024 10:56 by someuwin Big news out yesterday - Zambia to invest heavily in critical minerals production to ramp up copper production."Africa’s second-largest copper producer aims to more than quadruple output of the metal by early in the next decade" "The state will set up a special purpose vehicle to invest in critical minerals under a design framework that includes a “production sharing mechanism” setting aside a minimum 30% of the output from new mining projects, according to the document unveiled by Kabuswe in Zambia’s capital, Lusaka. Miners including Barrick Gold Corp., First Quantum Minerals Ltd. and China Nonferrous Mining Corp. are investing in their Zambian copper projects. Zambia is also counting on the Konkola and Mopani copper mines — under the control of Vedanta Resources Ltd. and Abu Dhabi’s International Resources Holding respectively — to ramp up production. The government’s goal of producing 3 million tons of copper a year by 2031 requires existing assets to double their output to about 1.4 million tons, according to a separate document prepared by Kabuswe’s ministry. Sites currently in the exploration phase – such as the Bill Gates-backed KoBold Metals’ Mingomba project – are expected to provide an ambitious 1.2 million tons annually. The government also intends to make investors in the critical minerals sector allocate at least 35% of procurement costs to local suppliers, according to the strategy. It will also review Zambia’s policy and regulatory environment to restrict the export of unprocessed materials." ...So huge increase in copper mining in Zambia. ...Local resources to be prioritised. ...Restricting unprocessed ore export means more processing in country. All of which can only mean much more demand for locally produced quicklime. i.e FRG. |
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