Ferro-Alloy Resources Advances Balasausqandiq Project as R&D Focus Sharpens – Shore Capital

Ferro-Alloy Resources
[shareaholic app="share_buttons" id_name="post_below_content"]

Ferro-Alloy Resources (LON:FAR), the developer of the high-grade Balasausqandiq vanadium deposit in southern Kazakhstan, continues to press ahead with its strategic pivot towards research and development as it prepares for a pivotal 2025.

The company’s final results for 2024 revealed a strong operational focus on preparing the groundwork for the Phase 1 feasibility study of its flagship project. Several key elements, including open-pit geotechnical and hydrogeological drilling, were completed over the past year, while the tailings management design is now nearing conclusion. FAR expects to publish the full feasibility study in the second quarter of 2025.

In a sign of confidence in the project’s future, the company has signed a non-binding offtake term sheet with LL-Resources GmbH to secure sales of its entire vanadium pentoxide production from Phase 1.

Although revenues declined to $4.7 million due to continued softness in vanadium prices, FAR’s cash position remains solid at $3.8 million as of year-end. The company has sensibly decided to de-emphasise production operations for now, instead focusing efforts on refining and optimising its technologies and processes.

Research Analyst Edward Maravanyika at Shore Capital noted, “The plant will now focus on R&D to accelerate the completion and optimisation of the ongoing feasibility study, including the development of markets for the group’s carbon black substitute (CBS) product.” Key R&D efforts will also target the development of high-purity vanadium oxides, production processes for battery-grade materials, and leaching technology enhancements.

Despite a wider adjusted pre-tax loss of $9.4 million in FY24, the company’s decision to prioritise long-term development over short-term gains is seen as a strategic move, especially as demand for battery materials and clean technology metals continues to grow.

On a Final Note, Ferro-Alloy Resources is positioning itself not only as a vanadium producer, but as an innovator in the critical materials sector. With feasibility results due in Q2 2025 and a sharpened focus on process innovation, FAR is setting the stage for long-term value creation.

Share on:
Find more news, interviews, share price & company profile here for:

    Vanadium: The industrial dark horse

    An underappreciated metal is reshaping how we build and power our world by enhancing structural efficiency and enabling durable, recyclable energy storage systems.

    A metal shaping tomorrow’s energy landscape

    An unheralded metal is quietly poised to bridge steelmaking and large-scale energy storage in a way that could reshape investment opportunities.

    Ferro-Alloy Resources raises £1 million through 16.7 million share issue

    Ferro-Alloy has issued 16,666,667 new shares at 6 p each, raising gross proceeds of £1,000,000 with participation from directors and strategic shareholder VBR. Funds will optimise the carbon black substitute element of the Balasausqandiq Project.

    An unseen metal transforming energy storage

    A transition metal long confined to steel production is now emerging as a cornerstone of grid-scale energy storage, offering investors a unique window into the next wave of renewables infrastructure.

    Balasausqandiq deal marks a turning point for Ferro‑Alloy

    Ferro‑Alloy is methodically aligning engineering partners, securing funding channels, and creating early revenue streams as it poises Balasausqandiq for a strategic launch.

    Ferro-Alloy Resources turns mine waste into early-stage advantage

    Ferro-Alloy Resources is progressing a novel carbon black substitute that could generate cash flow well before its main Balasausqandiq processing plant is built.

    Search

    Search