Business
Issue of Equity
Ferro-Alloy Resources Limited has successfully raised £1,549,886 through the issuance of 28,179,747 ordinary shares at 5.5p per share, a 23.1% discount to the previous day's closing price. This equity raise included subscriptions from strategic shareholder Vision Blue Resources Limited, which now holds 22.5% of the issued share capital, and several company directors who received shares in lieu of fees. The funds will bolster the company's financial position as it continues discussions with strategic investors to advance its Balasausqandiq vanadium project. Admission of the new shares to the London Stock Exchange is anticipated on December 10, 2025, at which point the total issued ordinary share capital will be 559,129,629. Disclaimer*
About this update from Ferro-alloy Resources Ltd.
THIS 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"). 5 December 2025 Ferro-Alloy Resources Limited ("Ferro-Alloy", the "Group" or the "Company") Issue of Equity Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan (the "Project"), is pleased to announce that it has issued a total of 28,179,747 ordinary shares of nil par value in the capital of the Company ("New Shares"), raising gross proceeds of £1,549,886, having received share subscriptions from investors including the Company's strategic shareholder Vision Blue Resources Limited ("VBR") and certain of the Company's directors. The New Shares are being issued under existing shareholder authority granted at the Company's 2025 Annual General Meeting held on 14 November 2025. Commenting, Nick Bridgen, CEO of Ferro-Alloy Resources, said: "Backed by the confidence of our key shareholders, this equity raise will strengthen the Company's funding position while we continue discussions with strategic investors to progress the Project, supported by the positive results of our recent Feasibility Study." Issue of equity The Company has issued a total of 28,179,747 ordinary shares of nil par value in the capital of the Company, raising gross proceeds of £1,549,886. Of the New Shares issued, 24,931,147 shares have been issued in respect of subscriptions received from investors, including the Company's strategic shareholder VBR, for proceeds of £1,371,213. Additionally, 3,248,600 New Shares have been issued to certain of the Company's directors, for proceeds of £178,673. The New Shares are being issued at 5.5p per share representing a 23.1% discount to the Company's closing mid-market share price as at 4 December 2025. The New Shares are being issued under existing shareholder authority granted at the Company's 2025 Annual General Meeting held on 14 November 2025. Material related party transaction Participation by Nicholas Bridgen, Andrey Kuznetsov, Christopher Thomas, James Turian, Petrus Nienaber and VBR in the share issue constitutes a material related party transaction pursuant to the Dis...
View stock analysis, news, and events for Ferro-alloy Resources Ltd.