Business
2025 Final Results
Ferro-Alloy Resources Limited announced its 2025 final results, highlighting a completed feasibility study for Phase 1 of its Balasausqandiq vanadium deposit, which projects a net present value of US$931.6 million and an internal rate of return of 31%, with a revised funding requirement of US$311.9 million. The company reported revenues of US$4.53 million, a slight decrease from US$4.72 million in 2024, and a net loss of US$8.42 million, an improvement from the previous year's loss of US$9.43 million. Cash reserves stood at US$1.68 million at year-end. The company also advanced research into vanadium redox flow batteries and carbon black substitute products, and is exploring ferro-nickel and ferro-tungsten production. Disclaimer*
About this update from Ferro-alloy Resources Ltd.
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (INCLUDING AS IT FORMS PART OF THE LAWS OF ENGLAND AND WALES BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\").\n \n \n30 April 2026\nFerro-Alloy Resources Limited\n(\"Ferro-Alloy\" or the \"Group\" or the \"Company\")\n \n2025 Final Results\n \nFerro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan (the \"Project\"), announces its final results for the year ended 31 December 2025 (\"FY25\" or the \"Period\").\nOperational Highlights\n· During the Period, the Company announced the results of its feasibility study (the \"Feasibility Study\") on Phase 1 of the Balasausqandiq vanadium deposit. The Feasibility Study identified the strategic nature of the Project and its potential to become one of the largest and lowest cost vanadium producers globally.\n \n· The results of the Feasibility Study confirmed a net present value for the Phase 1 of the Project of US$748 million (after tax, discount rate of 8%), an internal rate of return of 22% and a funding requirement of US$520 million to enter production.\n \n· Following the signing of a framework agreement in June 2025, the Company subsequently announced in November 2025 that it had received an indicative cost estimate of US$261 million from China National Chemical Engineering Sixth Construction Co., Ltd (\"CC6\") for the engineering, procurement and construction (\"EPC\") for the Project (excluding the relatively minor costs of the equipment relating to uranium and molybdenum sorption).\n \n· Taking into account the CC6 EPC cost estimate and the results of the Feasibility Study, the revised compelling headline economics for Phase 1 of the Project are as follows:\n \n\n\n\n\n\n\n\nUS$m\n\n\n\n\nCapital expenditure (including working capital, strategic spares, owner's costs, insurance etc.)\n\n\n313.2\n\n\n\n\nContingency\n\n\n42.4\n\n\n\n\nPre-production income, less costs\n\n\n(43.7)\n\n\n\n\nRevised funding required to get into production\n\n\n311.9\n\n\n\n\n\n\n\n\n\n\n\n\nNet Present Value (after tax, discount rate of 8%)\n\n\n931.6\n\n\n\n\nProject Inter...
View stock analysis, news, and events for Ferro-alloy Resources Ltd.