What Firering Strategic Minerals does

Firering Strategic Minerals plc is a Cyprus-incorporated, Abidjan-headquartered mining group quoted on the London AIM market (ticker FRG) with two distinct operating pillars. The first is the Limeco quicklime and aggregates project in Zambia, where a 300 tonnes-per-hour two-stage crushing circuit feeds eight vertical kilns producing 600-800 tonnes of quicklime per day, alongside aggregate production that reached nameplate capacity of 350,000 tonnes per annum in January 2025. The asset is underpinned by a JORC-compliant Mineral Resource Estimate of 145.2Mt at 95.7% CaCO3, supporting a stated 50+ year potential production life and 31.9Mt of potential saleable quicklime reserve. The second pillar is the Atex exploration project in northern Côte d'Ivoire, covering 134.96 km² across two licences, where reverse-circulation drilling has extended a lithium mineralised strike by 122% to 800 metres and where Multi Gravity Separator testwork has produced a 55% Ta2O5 tantalum concentrate.

Revenue mechanics at Limeco are direct offtake sales of quicklime to copper producers in the Central African Copperbelt and aggregate sales to local industrial customers, with a sales-led go-to-market model and no disclosed long-term offtake contracts. Quicklime pricing is industrial-commodity referenced; aggregate pricing is regional and volume-driven. Distribution is centred on Zambia with active expansion into Zimbabwe and Malawi, displacing incumbent South African quicklime imports on a landed-cost basis. At Atex, the only monetisable activity today is small-volume sample exports, capped at 70 tonnes per licence period under Ivorian regulation and valued at approximately €4-5M per period, with a future option to scale lithium and tantalum/niobium concentrate production subject to resource definition and offtake.

The company is led by a board combining AIM-listed governance experience with operational and African mining track records, holds QCA Corporate Governance code compliance, and has structured Atex to meet IFC ESIA, EU Conflict Minerals Regulation, and Dodd-Frank standards — a positioning that reduces buyer-side compliance friction for European and North American end-customers. Capital structure has been augmented in 2025-2026 through a £1.01M directors subscription and a £2.5M placing and subscription, alongside incremental exercise of Limeco option tranches that lifted the company's economic interest to 41.7%.

Name

Firering Strategic Minerals

Legal name

Firering Strategic Minerals plc

Website

https://fireringplc.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Firering Strategic Minerals plc is an AIM-listed mining company producing quicklime and aggregates at the Limeco project in Zambia for Central African Copperbelt copper producers, while exploring lithium and coltan at the Atex project in Côte d'Ivoire.

Ownership category

akta.pro rank

Product category

Industrial Minerals and Mining

NAICS

Lime Manufacturing (32741), Crushed and Broken Limestone Mining and Quarrying (212312)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Metal Mining (1000)

akta.pro primary industry

Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE)

akta.pro secondary industry

Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)

Keywords

• Quicklime production
• Limestone mining
• Critical minerals exploration
• Lithium coltan mining
• Industrial minerals supply

Headquarters

HQ city

Abidjan

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Quicklime sales: Primary revenue stream from production and sale of quicklime to copper producers in Zambia and the Central African Copperbelt. Production ramp-up ongoing with customer base expanding across Zambia, Zimbabwe and Malawi.
2. Aggregate production and sales: Ancillary revenue stream from aggregate production. As of January 2025, reached nameplate capacity of 350,000 tonnes per annum, sold to local industrial companies in Zambia.
3. Lithium concentrate export: Sale of lithium concentrate produced during Atex exploration campaign. Ivorian law allows export of up to 70 tonnes as samples per license period, equivalent to approximately EUR 4-5m per license period before exploitation licence is obtained.
4. Tantalum/Niobium concentrate sales: Production of Tantalum concentrate powder containing 55% Ta2O5 from coltan processing operations. Shipped for export to customers for sampling via Port of Abidjan.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Firering Strategic Minerals is a mining company that produces quicklime (calcium oxide) at its Limeco plant in Zambia, targeting 600-800 tonnes per day for copper producers, cement, and steel industries. The company also produces aggregate as a zero-waste byproduct and is exploring lithium and coltan (tantalum-niobium) resources at its Atex Project in northern Côte d'Ivoire. Revenue is generated primarily from product sales to industrial buyers in the Central African Copperbelt region.

Product overview

Firering Strategic Minerals is a mining company with two core operations: the Limeco Project in Zambia (producing quicklime from limestone) and the Atex Lithium Project in Côte d'Ivoire (exploring lithium and coltan). Limeco produces 600-800 tonnes of quicklime per day along with aggregate byproducts. Atex is an exploration-stage project targeting lithium and tantalum-niobium deposits. The company operates across the critical minerals supply chain, serving copper producers, cement manufacturers, and electronics industries.

Differentiator

Problem solved

Functional benefit

Brands

• Limeco: Quicklime production project in Zambia - positioned to become the largest quicklime producer in Zambia serving the Central African Copperbelt.
• Atex Project

Products and services

• Limeco Quicklime Quicklime (calcium oxide) produced at the Limeco plant in Zambia with a production capacity of 600-800 tonnes per day. Supplied to copper producers for ore processing, cement, and steel industries in the Central African Copperbelt region.
• Limestone Tier 1 limestone deposit at Limeco with JORC-compliant Mineral Resource Estimate of 145.2Mt at 95.7% CaCO3, supporting over 50 years of potential quicklime production. Maiden Mineral Resource: 11.8Mt Measured, 55.4Mt Indicated, 78.0Mt Inferred.
• Aggregate Aggregate product sold as a zero-waste byproduct from limestone processing operations at Limeco. Reached nameplate capacity of 350,000 tonnes per annum as of January 2025 and is sold to local construction and industrial companies in Zambia.
• Atex Lithium Project Lithium exploration project covering 134.96 km² in northern Côte d'Ivoire. Notable drilling intercepts include 15m at 0.74% Li2O and 6m at 1.59% Li2O. Lithium concentrate export permitted at up to 70 tonnes per licence period under Ivorian law.
• Coltan (Columbite-Tantalite) Tantalum and niobium concentrate produced from coltan ore processing using Multi Gravity Separator technology. Targets 55% Ta2O5 concentrate for export to electronics and superalloys manufacturers via the Port of Abidjan. Three-stage mineral separation (JIG, Spiral, MGS) achieves 90-95% coltan recovery.

Quantifiable outcome

• Production capacity of 600-800 tonnes of quicklime per day
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Regional players

• PPC Limited: South African cement and lime producer. Comparable as a Southern African lime/aggregate producer serving regional industrial and construction markets; competes indirectly with Limeco for regional quicklime/aggregate customers.
• Caledonia Mining Corporation: Zimbabwe-focused gold producer listed on AIM. Comparable as a small-cap AIM-listed African mining operator with regional production focus, providing a benchmark for valuation and operational metrics in similar jurisdictions.
• Shanta Gold: East Africa-focused gold producer with operations in Tanzania. Comparable as a small-cap African mining operator with single-jurisdiction production focus, providing operational and valuation benchmarks for similar AIM-listed emerging producers.

Direct peers

• Atlantic Lithium: West Africa-focused lithium explorer/developer with flagship Ewoyaa project in Ghana. Directly comparable to Firering's Atex lithium project given similar West African jurisdiction, exploration stage, and lithium focus with similar critical mineral theme.
• Arc Minerals Limited: African-focused mining exploration and development company with copper and other minerals exposure in Zambia. Directly comparable given shared African mining focus, AIM listing, and overlapping board/executive connections (Vassilios Carellas previously served as Arc Minerals COO).
• Kodal Minerals: West Africa-focused lithium and gold explorer with flagship Bougouni lithium project in Mali. Comparable as a small-cap West African lithium developer at similar exploration/development stage to Firering's Atex project.
• AVZ Minerals: Africa-focused lithium and tin developer with the Manono project in the DRC. Comparable as an Africa-focused critical minerals (lithium) developer serving battery supply chains, similar strategic positioning to Firering's Atex project.

Broad incumbents

• Carmeuse: Global lime producer with operations across Africa, Europe and Americas. Directly comparable as a lime/quicklime producer serving industrial customers, though much larger and more diversified than Firering's Limeco operation.
• Lhoist Group: Belgian multinational and one of the world's largest lime producers. Comparable as a global quicklime/lime producer serving industrial and metallurgical markets, including copper processing applications that compete directly with Limeco's customer base.
• Graymont: Canadian-based global lime producer with operations across North America, Asia-Pacific and Africa. Comparable business model as a lime/quicklime producer serving metallurgical and industrial customers in similar end-markets to Limeco.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/FireRing_SM
• YouTubeyoutu.be/IZsXpA6LvXw
• LinkedInlinkedin.com/company/firering-strategic-minerals

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Firering Strategic Minerals