Fieldfisher’s Band 1-ranked Equity Capital Markets team has acted for Liberum Capital and Shore Capital Stockbrokers, on Ferro Alloy Resources Ltd’s US$10 million secondary fundraising.
Ferro-Alloy Resources Limited is a Guernsey registered company, formed in 2000, which is the 100% owner of Firma Balausa LLP, the holder of the rights to develop and exploit the giant Balasausqandiq vanadium deposit in Southern Kazakhstan (Kyzylordinskaya Oblast). The funds raised will be used to complete an expanded feasibility study for the Balasausqandiq vanadium deposit.
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.