Business
Non-Executive Director Share Sale
Ferro-Alloy Resources Limited announced that non-executive director James Turian sold 512,765 ordinary shares for gross proceeds of £27,424, at an average price of 5.35 pence per share, to cover personal tax liabilities. Following this disposal, Mr. Turian holds 1,150,000 shares, representing 0.2% of the company's issued share capital. These shares were previously received in lieu of cash fees for services rendered. Disclaimer*
About this update from Ferro-alloy Resources Ltd.
6 May 2026 Ferro-Alloy Resources Limited ("Ferro-Alloy" or the "Group" or the "Company") Non-Executive Director Share Sale Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan (the "Project"), announces that James Turian, one of the Company's non-executive directors, has sold 512,765 shares in the Company for gross proceeds of £27,424. Summary As previously announced, James Turian, one of the Company's non-executive directors, has accepted on a number of occasions, Company shares in lieu of cash in settlement of fees owed to him by the Company with respect to services provided. Mr Turian has sold 512,765 shares in the Company for gross proceeds of £27,424 to cover his local personal tax and social security liabilities. Following the disposal, Mr Turian holds 1,150,000 shares in the Company, representing 0.2% of the Company's issued share capital. The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail. ENDS For further information, visit www.ferro-alloy.com or contact: Ferro-Alloy Resources Limited Nick Bridgen (CEO) / William Callewaert (CFO) [email protected] Shore Capital (Joint Corporate Broker) Panmure Liberum Limited (Joint Corporate Broker) BlytheRay (Financial PR) Toby Gibbs / Lucy Bowden Scott Mathieson / John More Megan Ray / Will Jones +44 207 408 4090 +44 20 3100 2000 +44 20 7138 3204 [email protected] Notes to Editors About Ferro-Alloy Resources Limited: The Company's operations are all located at the Balasausqandiq deposit in Kyzylordinskoye Oblast in the South of Kazakhstan. Balasausqandiq is a very large deposit, with vanadium as the principal product together with the carbon black substitute and several by-products. Owing to the nature of the ore, the capital and operating costs are very much lower than for other vanadium projects. The most recent mineral resource estimate for ore-body one (of seven) provided an Indicated Mineral Resource of 32.9 million tonnes at a mean grade of 0.62% vanadium pentoxide ("V2O5") equating to 203,364 contained tonnes of V2O5. In the sys...
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