Update on Ricca EGM Date & Settlement

Firering Strategic Minerals plc (AIM: FRG), a strategic minerals producer and explorer, announces that, further to the RNS dated 12 November 2025, Ricca Resources Limited ("Ricca") has confirmed that its EGM will be held on 12 December 2025. Consequently, Firering expects to receive US$1 million in full settlement of all debts and claims owed by Ricca, with payment anticipated five business days after the EGM.

As stated previously, Firering also expects that Ricca will make a distribution of net proceeds to its shareholders following completion of the sale of a Ricca 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.

Firering Strategic Minerals plc (AIM: FRG) is an emerging producer of quicklime and explorer of critical minerals. The Company is currently focused on ramping up production at the Limeco quicklime project in Zambia, in which it holds a 30.7% interest with an option to increase this to 45%. Targeting daily output of 600-800 tonnes, Limeco is well positioned to supply copper producers operating within the Central African Copperbelt and other regional industries that currently rely on imported quicklime from South Africa. Additionally, Firering is progressing the Atex Lithium-Tantalum Project in northern Côte d'Ivoire, a highly prospective asset with significant lithium and tantalum-niobium potential, supporting the global shift to clean energy technologies.

* Further details of these agreements are set out on Skylark's website: https://skylarkminerals.com/