Ferro-Alloy Resources has appointed Peter Secker as Chief Executive Officer as the company moves towards financing and constructing the Balausa vanadium project in Kazakhstan.
Secker will take up the role in mid-October 2026. Current chief executive Nick Bridgen will become non-executive deputy chairperson, retaining his knowledge of the project while Secker takes responsibility for funding, construction planning and delivery.
The change is designed to match the company’s leadership with the next stage of Balausa’s development. Ferro-Alloy Resources has completed much of the technical work required to define the opportunity.
Secker brings experience from capital-intensive resource projects, including board-level involvement with Bacanora Lithium. Balausa is entering a phase in which financing strategy, cost control, project execution and commercial partnerships will become increasingly important.
The company has also granted three million share options to Secker. A further one million options have been allocated across incoming and senior management. The awards link management incentives to the company’s ability to advance the project and create value from the asset.
Balausa is Ferro-Alloy Resources’ main development project. It is based on the Balasausqandiq deposit in Kazakhstan and is intended to produce vanadium at scale.
Ferro-Alloy Resources Ltd (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.
