WRAP Retail Offer for up to £250,000

Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £250,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of €0.001 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 8,620,690 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at an issue price ("Issue Price") of 2.9 pence per share.

In addition to the Retail Offer, the Company has also conducted a placing and subscription of new ordinary shares (the "Placing Shares" and "Subscription Shares" respectively) to raise £2.116 million, and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") at the Issue Price (the "Placing and Subscription", and together with the Retail Offer, the "Fundraise"). A separate announcement has been made earlier today regarding the Placing and Subscription and its terms and its terms and sets out the reasons for the Placing and Subscription and use of proceeds. For the avoidance of doubt, the Retail Offer is not part of the Placing and Subscription.

The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription as stated within the Company's previous announcement.

The issue of the WRAP Retail Offer Shares is conditional upon, inter alia, the passing of the necessary resolution to enable the WRAP Retail Offer Shares to be allotted and issued on a non-pre-emptive basis, to be put to shareholders of Firering at a General Meeting, which is expected to be held at the offices of Hill Dickinson LLP at The Broadgate Tower, 20 Primrose Street, London EC2A 2EW at 10.00am on 19 June 2024. Conditional upon the passing of those resolution, and on the New Ordinary Shares being admitted to trading on the Alternative Investment Market ("AIM") of the London Stock Exchange plc ("Admission"), it is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 8.00 a.m. on 20 June 2024.

Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription, however completion of the Placing and Subscription is not conditional on the completion of the WRAP Retail Offer.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Firering, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 8.30pm on 28 May 2024. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed £250,000 unless increased as mutually agreed.

The Company's LEI is 2138005GMF9GR4W9MN36.