Update on Ricca EGM Date & Settlement

Summary by AI BETAClose X

Firering Strategic Minerals plc anticipates receiving US$1 million in full settlement of debts and claims from Ricca Resources Limited, with payment expected five business days after Ricca's EGM on December 12, 2025. This settlement is linked to Ricca's sale of a subsidiary asset for A$4.4 million (approximately £2.2 million), subject to a potential A$332,000 adjustment payable to Skylark Minerals Limited. Firering holds a 10.6 percent shareholding in Ricca, which is expected to distribute net proceeds to its shareholders following the asset sale.

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