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Ferro-Alloy Resources Ltd. ( (GB:FAR) ) has issued an update.
Ferro-Alloy Resources Limited has announced a non-binding offtake term sheet with LL-Resources GmbH for the sale of standard vanadium pentoxide from Phase 1 of the Balasausqandiq Project. This agreement, with a six-year initial term, marks a strategic step for Ferro-Alloy in securing a reliable market route as it nears the completion of its feasibility study. This move is expected to enhance the company’s market positioning as it continues to develop expertise in producing various vanadium products, potentially increasing its influence in the global vanadium market.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited is a vanadium producer operating at the Balasausqandiq deposit in Kyzylordinskoye Oblast, Southern Kazakhstan. The company’s primary product is vanadium, along with a carbon black substitute and several by-products. The project benefits from lower capital and operating costs compared to other vanadium projects due to the nature of the ore. The deposit features a significant mineral resource with an indicated reserve and substantial unexplored potential.
YTD Price Performance: 61.74%
Average Trading Volume: 2,376,501
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £44.94M
For an in-depth examination of FAR stock, go to TipRanks’ Stock Analysis page.
