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Ferro-Alloy Resources 'extremely active' after first commercial sale of calcium molybdate

Ferro-Alloy Resources Ltd's (LON:FAR) Nick Bridgen talks to Proactive London about their first commercial production and sale of calcium molybdate.

Bridgen explains what the product is used for, the production of ferromolybdenum, molybdenum-containing alloys, ceramics and direct alloying of steel and alloys with molybdenum in electric car furnaces.

He says their main focus is the development of the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan and this latest deal will increase revenue with only a small impact on costs he says after managing to 'increase capacity'.

Quick facts: Ferro-Alloy Resources Group

Price: 9.2 GBX

LSE:FAR
Market: LSE
Market Cap: £28.79 m
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Ferro-Alloy Resources raises US$300k and reports 'significant production'...

Ferro-Alloy Resources Limited's (LON:FAR) Nick Bridgen speaks to Proactive London's Andrew Scott soon after announcing they've raised US$300,000 through a bond issue on the Astana Stock Exchange in Kazakhstan. He adds that production from the hydrometallurgical process was restarted on June...

on 16/6/20

2 min read