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Ferro-Alloy Resources Ltd. ( (GB:FAR) ) just unveiled an announcement.
Ferro-Alloy Resources Limited has issued 8,657,115 ordinary shares to a supplier in lieu of cash payment, valued at £678,501.37. This move, approved at the 2024 Annual General Meeting, reflects the company’s strategic financial management and is expected to impact its share capital and market operations positively. The new shares will be admitted to the London Stock Exchange, increasing the company’s total voting rights to 493,644,336 shares, which may influence shareholder interests and regulatory notifications.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited is a vanadium producer and developer located at the Balasausqandiq deposit in Southern Kazakhstan. The company focuses on vanadium as its principal product, alongside a carbon black substitute and several by-products. The Balasausqandiq deposit is notable for its large size and low capital and operating costs compared to other vanadium projects.
YTD Price Performance: -19.12%
Average Trading Volume: 1,287,545
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £41.22M
Find detailed analytics on FAR stock on TipRanks’ Stock Analysis page.