Firering Strategic Minerals PLC Directorate Change (0113P)
06 October 2023 - 9:55PM
UK Regulatory
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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END
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