Ferro-Alloy Resources Limited (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced that it has entered into a non-binding offtake term sheet with LL-Resources GmbH for the sale of standard vanadium pentoxide from Phase 1 of the Balasausqandiq Project.
· The Company has entered into a non-binding offtake term sheet with LLR for sale of the entire production of standard vanadium pentoxide from Phase 1 of the Balasausqandiq Project
· The initial term will be for a period of six years commencing from the start of production, with the option for subsequent terms
· Headquartered in Graz, Austria, and founded in 2011 as a trading company, LLR has a significant presence in the global commodities sector serving more than 300 steel mills, foundries, traders and other end users. With a worldwide turnover of €550 million in 2023, LLR is a trading and producing company for a wide variety of ferro-alloys and metals, with production sites in Germany (aluminium), Sweden (ferro-titanium), Slovenia (cored wire), Latvia (ferro-vanadium / ferro-titanium), Oman (ferro-chrome) and Albania (chrome ore). Further information on LLR can be found at www.ll-resources.com
