Ferro-Alloy Resources raises funds to enhance vanadium mining operations
New enhancements are expected to yield quick benefits to production and revenue generation
Company
LON:FAR
Ferro-Alloy Resources Ltd is a Guernsey registered company which holds, through its wholly owned subsidiary undertakings, the rights to explore, develop and exploit the giant Balasausqandiq vanadium deposit in the Kyzlorda Oblast of Southern Kazakhstan.
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New enhancements are expected to yield quick benefits to production and revenue generation
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The vanadium mining and processing company, with operations based in Southern Kazakhstan, said it has applied for a patent for the production of vanadium electrolyte directly from ammonium metavanadate
Ferro-Alloy Resources Limited (LON:FAR) is a Kazakhstan-focused focused on the development of the Balasausqandiq vanadium deposit in the south of the country.
The expansion of the Ferro Alloys project in Kazakhstan will make it a very high margin operation
Ferro Alloy Resources has a very promising vanadium project in Kazakhstan
The vanadium miner said since it restarted operations on June 1 production has been 69% higher than the average for the first quarter of 2020
Ferro-Alloy Resources has a project with an unusual and easier-to-process ore type
Ferro Alloy Resources is undertaking a feasibility study at Balasausqandiq
Output of vanadium pentoxide in concentrate rose to 49.1 tonnes in the first three months of 2021
There are signs now that the Chinese economy is beginning to get back on track
The company is already generating cashflow from the processing of third party ore
The miner is currently in funding talks with banks, sovereign wealth funds, export credit guarantee departments and other providers including the Development Bank of Kazakhstan
Chief executive Nick Bridgen said the completion of its listing marks a “significant milestone” for the company