Firering Strategic Minerals (LON:FRG) , an AIM-Listed emerging quicklime production and critical mineral exploration company in Zambia and the Cote D’Ivoire, is fast tracking its quicklime Limeco project to full production capacity by 3Q25.
In this interview, investors will hear:
- How the company achieved positive cash flow so quickly
- What the estimated revenue from the Limeco business could be
- How long revenue from the existing aggregate stockpile will last
- Why the markets for quicklime are large and diverse
- How ongoing conversations with potential off-takers are progressing
- How plans to rent out heavy fuel oil tanks deliver additional revenue
- When the quicklime kilns are expected to be brought on stream
“We should be fully operational by this time next year, with all eight kilns in production. And by that point in time, on an annualized basis, there will be revenues of well over $30 to $35 million and profits of around $15 million,” commented Firering’s Vassilios Carellas.
“So if you think of the route that an exploration company has to go from exploration through to production, Firering is jumping 10 years ahead with this transaction, this transformation.”
Reasons to add Firering Strategic Minerals plc to your Watchlist:
- 75M tonne fully permitted, fully constructed, self-funding and debt free project
- Strong price dynamics for quicklime with spot prices commanding between $160 to $220 a tonne
- 30-year mine life, with the potential to double to a 60-year life of mine
- Zambia is a mining friendly territory in general and pro-copper mining in particular (Quicklime is essential for that industry)
- Management is on site and has extensive Africa exploration and development experience
- The Atex lithium project in the Cote D’Ivoire is partner ready without the requirement for further funds
Yuval Cohen, Chief Executive of Firering Strategic Minerals and its non executive director Vassilios ‘Vassily’ Carellas were interviewed by Sarah Lowther for focusIR.
