Firering Strategic Minerals (LON:FRG) has secured a $1 million settlement following Ricca’s exit from their joint venture, bringing timely funding and fresh momentum as lithium sentiment starts to recover. Non-Executive Director Vassilios Carellas outlines what this means for their assets in the Ivory Coast, how it positions Firering for future deals, and why the timing could attract third-party interest. This interview breaks down how the company plans to use the funds, their increasing stake in Limeco, and the next steps following Ricca’s asset sale to Skylark Minerals.
Key Moments:
- 00:12 – $1 million settlement from Ricca explained
- 01:03 – Why Ricca pulled out of the JV
- 01:55 – Firering’s full control over Atex and Alliance assets
- 02:26 – Market sentiment shift in lithium sector
- 03:05 – No dividend planned from funds, focus on Limeco
- 03:31 – Ricca’s asset sale to Skylark and Firering’s remaining interest
Company Overview
Firering Strategic Minerals is focused on developing critical mineral assets in West Africa, with interests in lithium, tantalum, and niobium through licences in Côte d’Ivoire.
