Firering Strategic Minerals Plc (GB:FRG) has released an update.
Firering Strategic Minerals Plc is accelerating its quicklime project in Zambia through a strategic non-dilutive funding approach, including an 18-month unsecured bridge loan of up to £1,000,000. The move aims to increase its stake in Limeco from 10% to 45%, leveraging strong shareholder participation and securing additional financing from a Zambian bank. This strategy is set to enhance shareholder value and generate substantial cash flow as Limeco’s production ramps up.
For further insights into GB:FRG stock, check out TipRanks’ Stock Analysis page.
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