FireRing Strategic Minerals

Firering Strategic Minerals plc (AIM: FRG) is a mining company focused on advancing high-potential projects that supply critical minerals for global industries.

[FireRing Strategic Minerals @FireRing_SM]

Firering’s Limeco asset in Zambia is being developed as a long-life industrial minerals platform supplying lime products into Southern Africa’s mining sector.

#FRG #IndustrialMinerals #Quicklime #HydratedLime

[FireRing Strategic Minerals @FireRing_SM]

Zambia State Mining Firm Strikes Lime Deal With Chinese Operator reports Bloomberg @business.

Zambia’s state-controlled mining investment company, ZCCM Investments Holdings Plc, agreed to sell a majority stake in a lime and cement venture to a privately held Chinese company.

Wonderful Group of Companies Ltd. will buy a 55% stake in Ndola Lime for $25 million, while also providing the company with a $5 million loan, ZCCM said in an emailed statement. The investment will revive the asset that entered insolvency in 2018, it said.

The deal demonstrates how Zambia’s mining revival is rippling through industries such as copper processing and construction materials, while drawing renewed interest from Chinese investors seeking exposure to the nation’s resources sector.

The purchase is Wonderful Group’s latest Zambian investment. The company has grown to become one of the biggest conglomerates in the southern African nation since its founding in 2011, and has built facilities from fertilizer plants to tile factories and even a sprawling silk farm.

Read in full: https://t.co/0iZjVos0Pq

#Lime #Mining #FRG

[FireRing Strategic Minerals @FireRing_SM]

Zambia's state-operated mining investment company, ZCCM Investments Holdings Plc has agreed to sell a controlling stake in Ndola Lime to a Chinese investor as Zambia continues efforts to revive industrial assets linked to its mining sector expansion, reports @africaneconomy_

Under the agreement, Wonderful Group Zambia will acquire a 55% shareholding in the lime and cement producer for $25 million while also extending a further $5 million loan facility to support operations.

The investment reflects growing momentum across Zambia’s broader mining value chain as renewed copper sector activity increases demand for industrial processing materials and construction-related products.

Read the full article here: https://t.co/12lzQp0vMc

[FireRing Strategic Minerals @FireRing_SM]

Wonderful Group acquiring 55% of Ndola Lime for US$30m (incl. working capital) is another strong signal for the value of quality lime assets in Africa.

For context, Firering acquired 45% of Limeco for US$8.2m, with Limeco targeting up to 800tpd at full production capacity. On a like-for-like basis, the Ndola Lime transaction values a business with a current capacity to operate at ~500tpd at around 3x the implied valuation of Limeco.

#FRG #Lime #Mining

[FireRing Strategic Minerals @FireRing_SM]

The vast majority of global lime consumption is tied to industrial and chemical processes.

From metals refining to environmental treatment, lime plays an important role across modern industry.

#criticalminerals #indsutrialminerals #quicklime

[FireRing Strategic Minerals @FireRing_SM]

Thanks to @MiningOnline for highlighting our news today re our increased investment in Limeco.

This comes at a pivotal time for the operation as it continues to build production, expand its customer base, and strengthen underlying project economics.

Read the article here - https://t.co/jBzvXbZSgX

#FRG #CriticalMinerals #Quicklime

[FireRing Strategic Minerals @FireRing_SM]

Fourth Tranche of Option has been exercised to increase shareholding in Limeco to 41.7%.

Production ramps up with Kiln 2 operating above the planned initial output and modifications to Kilns 3 and 4 progressing well, with commissioning targeted for H2 2026.

Product sales are building momentum, supported by increasing customer engagement across the mining and industrial sectors in Zambia and the wider Southern African region.

Read the full announcement here – https://t.co/isDu1mrHVh

#FRG #CriticalMinerals #Quicklime

[FireRing Strategic Minerals @FireRing_SM]

Firering Strategic Minerals is pleased to announce an extension and amendment to its Bridge Loan Notes.

Youval Rasin, Chairman and Interim CEO commented: “The Board appreciates the continued support of its noteholders, with the amended terms providing the Company with additional financial flexibility as its key asset, Limeco, continues to scale production and advance towards its next phase of operational growth.”

Full announcement here: https://t.co/k9VRZOEs9X

#FRG #CriticalMinerals

[FireRing Strategic Minerals @FireRing_SM]

Firering is pleased to announce that all resolutions were passed at a General Meeting held earlier today.

An application has been made to the London Stock Exchange for admission of a number of New Shares to trade on AIM.

See the full announcement here: https://t.co/9yuDgC0DAs

#FRG #CriticalMinerals

[FireRing Strategic Minerals @FireRing_SM]

Lime demand goes well beyond copper.

Quicklime and hydrated lime are widely used in:

- gold processing
- water treatment
- infrastructure and construction
- environmental management

#FRG #criticalminerals #quicklime #hydratedlime

[FireRing Strategic Minerals @FireRing_SM]

Zambia has ambitious plans to increase copper production in the coming years.

As copper output grows demand for industrial inputs used during metal processing is also expected to rise.

#criticalminerals #copper #lime

[FireRing Strategic Minerals @FireRing_SM]

Copper operations typically require substantial quantities of lime during processing.

As mining throughput increases, demand for lime products rises alongside it.

#criticalminerals #lime

[FireRing Strategic Minerals @FireRing_SM]

Quick Fact:
Quicklime is a key input in copper production.
It helps control pH levels during flotation and refining processes used to separate copper from ore.

#CriticalMinerals #Lime

[FireRing Strategic Minerals @FireRing_SM]

Firering has announced a £2.5m fundraising to increase the Company’s stake in its integrated Limeco project in Zambia, which has reached breakeven and secured its first major customer contract.

View announcement here: https://t.co/nbAutOPVBP

#FRG #Lime #CriticalMinerals

[FireRing Strategic Minerals @FireRing_SM]

Commercial and Operational Update.
Limeco has been awarded a 2-year offtake contract with one of the largest copper producers in Zambia, while developing a commercial pipeline with further prospective clients.

Operating performance continues to strengthen - reaching effectively breakeven in March through increased production ramp-up, product diversification and operational efficiency across Limeco.

#FRG #Lime

[FireRing Strategic Minerals @FireRing_SM]

“Firering is pursuing a phased ramp-up strategy … Limeco will become one of the largest producers of lime products in Zambia, strengthening its position as a key player in the country’s industrial & mining sectors” reports @mining_modern

Full article here: 
https://t.co/G6miZT4hu1

#Lime #Mining #FRG

[FireRing Strategic Minerals @FireRing_SM]

Firering Strategic Minerals plc is pleased to provide an operational update from its Limeco project in Zambia.

Kiln 2 discharge performance is continuing to increase, supporting accelerated ramp-up across Limeco.

#FRG #Lime #CriticalMinerals

[FireRing Strategic Minerals @FireRing_SM]

It’s not just oil at risk in the Strait of Hormuz says @thetimes. Entire industries are exposed, including limestone, a critical input for steel, cement & water treatment, with 50% of seaborne supply coming from the Gulf.

Firering’s Zambia quicklime asset offers supply beyond this chokepoint.

Read more: https://t.co/0RTr4pnOCg

#LimeCo #CriticalMinerals