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An update from Ferro-Alloy Resources Ltd. ( (GB:FAR) ) is now available.
Ferro-Alloy Resources Limited reported its final results for 2024, highlighting a 23.3% revenue decline due to falling vanadium prices. The company is focusing on completing a feasibility study for its Balasausqandiq project and has entered a non-binding offtake term sheet for vanadium pentoxide production. Despite financial losses, the company is advancing its carbon black substitute product, which could generate significant revenue, and is investing in research and development to enhance its operations and market positioning.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited is a vanadium producer and developer, focusing on the large Balasausqandiq vanadium deposit in Southern Kazakhstan. The company is involved in the extraction of vanadium, molybdenum, and nickel, and is also developing a carbon black substitute product, which has potential applications in the rubber industry.
YTD Price Performance: -39.22%
Average Trading Volume: 538,945
Technical Sentiment Signal: Buy
Current Market Cap: £30.61M
See more data about FAR stock on TipRanks’ Stock Analysis page.