Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Increases its stake in the Atex lithium-tantalum project in the Ivory Coast to 77% from 51%. The additional 16% stake was acquired by a cash payment of EUR320,122. The option to acquire the remaining 23% stake of Atex remains in place to gain full ownership of the project.
Chief Executive Yuval Cohen says: "We are making rapid progress at Atex with the commencement of our 3,000 metre diamond drilling programme with eleven drill targets identified to intercept the potentially lithium-bearing pegmatite veins - marking a huge step forward in our exploration work."
Current stock price: 6.50 pence, down 1.6% in London on Monday
12-month change: down 55%
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Firering Strategic Minerals (FRG)