Ferro-Alloy Resources Ltd's (LON:FAR) Nick Bridgen talks to Proactive London's Katie Pilbeam about entering into a subscription agreement for up to US$12.6mln with Vision Blue Resources.
This firm is led and founded by former Xstrata chief executive Sir Mick Davis who will now join the Ferro Alloys board as chairman following completion of the initial raise.
The proceeds will be used to complete the expansion and completion of the bankable feasibility study for the Ferro Alloys’ large-scale, low-cost Balasausqandiq vanadium project.