Ferro-Alloy Resources Teams Up with CC6 to Advance Balasausqandiq Project Phase 1

PUBLISHED: 02 Jun 2025 @ 18:17 | Comments (0) | More info about Fiona Craig

Ferro-Alloy Resources Limited (LSE:FAR) has signed a non-binding framework agreement with China National Chemical Engineering Sixth Construction Co., Ltd (CC6) to oversee the design and construction of Phase 1 of the Balasausqandiq Project. This potential partnership aims to accelerate the project timeline while optimizing costs through CC6’s proven expertise in vanadium-related engineering and construction, particularly within Kazakhstan.

Leveraging CC6’s local experience and technical capabilities could strengthen Ferro-Alloy’s competitive position and operational efficiency in the vanadium market.

Despite this strategic collaboration, Ferro-Alloy Resources continues to face significant financial challenges. Declining revenues, negative equity, and weak cash flow severely impact the company’s overall financial health. While some technical indicators offer mild optimism, they are largely outweighed by poor valuation and ongoing fiscal difficulties. Recent corporate moves hint at efforts to realign management and improve financial governance, though these measures have yet to reverse the company’s financial struggles.

More about Ferro-Alloy Resources Limited

Ferro-Alloy Resources Limited is a vanadium producer and developer focused on the Balasausqandiq deposit in Southern Kazakhstan. Operating within the mining sector, the company specializes in vanadium extraction, alongside producing carbon black substitutes and other by-products. The Balasausqandiq Project is distinguished by its large-scale deposit and relatively lower capital and operational expenditures compared to other vanadium ventures.

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