Ferro-Alloy Resources Sale of Second Tranche of Exempt Offer Bond Programme

Ferro-Alloy Resources Limited (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced the sale of all bonds issued under the US$5m second tranche (the “Second Tranche”) of the Kazakhstan exempt offer bond programme.

Background

As previously announced, the Company listed the Second Tranche of bonds under the Programme on 19 September 2023, to accelerate the development of the Balasausqandiq project including front-end engineering.

The nominal value of the Second Tranche was US$5m, with a nominal coupon rate of 10%, payable quarterly, and a three year maturity.

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