Firering Strategic Minerals plc (LON:FRG), a producer of quicklime and explorer of critical minerals, has announced that, further to its update of 19 November 2025, all resolutions at the Extraordinary General Meeting (EGM) of Ricca Resources Limited were passed earlier today. Firering now expects to receive US$1 million in full settlement of all debts and claims owed by Ricca.
As stated previously, Firering also expects that Ricca will make a distribution of net proceeds to Ricca’s shareholders following completion of the sale of a subsidiary asset for A$4.4 million (approximately £2.2 million), subject to an adjustment of up to A$332,000 (approximately £166,000) payable to Skylark Minerals Limited (ASX: SKM) (Skylark). Firering holds a 10.6 percent shareholding in Ricca.
