Ferro-Alloy Resources Posts 2024 Results as It Refocuses on Strategic Growth

 

Ferro-Alloy Resources Limited (LSE:FAR) has released its full-year financial results for 2024, reporting a 23.3% drop in revenue, primarily driven by weaker vanadium market prices. In response, the company is accelerating progress on the feasibility study for its flagship Balasausqandiq project in southern Kazakhstan. A key milestone includes signing a non-binding offtake term sheet for future vanadium pentoxide production, signaling steps toward long-term commercialization.

Despite posting financial losses for the year, Ferro-Alloy is continuing to invest in innovation. It is advancing the development of a carbon black alternative—a product with potential applications in the rubber industry—which could emerge as a valuable revenue stream. The company is also ramping up research and development efforts aimed at improving operational efficiency and expanding market opportunities.

Company Overview: Ferro-Alloy Resources Ltd.

Ferro-Alloy Resources is engaged in the production and development of vanadium and other critical metals, with operations centered on the large-scale Balasausqandiq deposit in Kazakhstan. In addition to vanadium, the company is involved in extracting molybdenum and nickel, and is actively developing a carbon black substitute product for industrial use. The company’s diversified strategy supports both near-term resilience and long-term growth in the specialty materials market.

• Year-to-Date Share Performance: -39.22%

• Average Daily Trading Volume: 538,945 shares

• Technical Sentiment: Buy

• Current Market Capitalisation: £30.61 million

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