FRG Firering Strategic Minerals Plc

TIDMFRG

RNS Number : 0113P

Firering Strategic Minerals PLC

06 October 2023

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

6 October 2023

Firering Strategic Minerals Plc

("Firering" or the "Company")

Directorate Change

Firering, an exploration company focusing on critical minerals, announces that Mr Neil Herbert has informed the Board of his decision to step down as Senior Independent Non-Executive Director, effective today due to his increased commitments, most notably his appointment as Executive Chairman of AIM and ASX listed Atlantic Lithium Limited.

The Board would like to thank Mr Herbert for his substantial contribution to the development of Firering since he joined the Company in 2021. The Company intends to appoint a new Senior Independent Non-Executive Director in due course and a further announcement will be made as appropriate.

On behalf of the Board, Youval Rasin, Non- Executive Chairman of Firering, said:

"We would like to take this opportunity to thank Neil for his valued contribution to the progress Firering has made since its IPO in 2021. We have been fortunate to benefit from his extensive experience over the past two years, however we understand that Neil's role at Atlantic Lithium has evolved significantly over the last 12 months, and indeed, as Atlantic Lithium moves into the next phase of development, the demands on his time will grow ever more."

"We are very grateful for all of Neil's contribution to the Company and wish him all the best for the future."

*** ENDS ***

The information contained within this announcement was deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310, prior to release of this announcement. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information and updates on Firering's exploration programme, visit www.fireringplc.com or contact the following:

 
 Firering Strategic Minerals               Tel: +44 20 7236 
  Yuval Cohen                               1177 
  Vassilios Carellas 
 SPARK Advisory Partners Limited           Tel: +44 20 3368 
  Nominated Adviser                         3550 
  Neil Baldwin / James Keeshan / Adam 
  Dawes 
 Optiva Securities Limited                 Tel: +44 20 3137 
  Broker                                    1903 
  Christian Dennis / Daniel Ingram 
 St Brides Partners Limited                T: +44 20 7236 1177 
  Financial PR                              E: firering @stbridespartners.co.uk 
  Ana Ribeiro / Susie Geliher / Isabelle 
  Morris 
 

Notes to Editors:

Firering Strategic Minerals

Firering Strategic Minerals plc is an AIM-quoted mining company focused on exploring and developing a portfolio of mines producing critical minerals in the Côte d'Ivoire focused on Lithium and Tantalum to support the global transition to net zero emissions. It operates the Atex Lithium-Tantalum Project in northern Côte d'Ivoire, which is prospective for both lithium and tantalum. Firering's main focus is working together with Australian diversified minerals company Ricca Resources to advance development at Atex with a view to establishing a maiden lithium resource and then progressing a Lithium project through to DFS. Firering is also assessing pilot scale production of ethically sourced tantalum and niobium to generate early revenues and support further exploration work. Should pilot production be successful, a large-scale Tantalum production facility may be developed, which will be supported by a debt facility of FCFA 5,057,000,000 (approximately EUR7,500,000) currently under negotiation to fund the entire scale-up plan to develop a portfolio of ethically sourced mineral projects in the Côte d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing end markets.

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October 06, 2023 06:55 ET (10:55 GMT)

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