Ferro-Alloy Resources Raises £1 Million Through Share Placement
The vanadium producer is issuing new shares to raise £1 million, with participation from directors and a strategic shareholder.
The vanadium producer is issuing new shares to raise £1 million, with participation from directors and a strategic shareholder.
The mining company announces progress in developing a new carbon black substitute product and an update on the Feasibility Study for its vanadium project.
The vanadium producer has appointed Northcott Capital and Oval Advisory as lead financial advisers for the financing of Phase 1 of its Balasausqandiq project in Kazakhstan.
The vanadium producer has signed a non-binding framework agreement with a major construction firm to design and build Phase 1 of its key Balasausqandiq project in Kazakhstan.
The vanadium producer has granted share options to its Chief Financial Officer and a senior management team member.
The vanadium producer reported widening losses and declining revenue, shifting focus to R&D amid difficult market conditions. Progress on key projects is offset by immediate financial challenges and funding needs.
The vanadium producer has issued new shares to settle a supplier balance, in a modest 5% discounted raise that suggests reasonable investor appetite.
Mining firm issues shares at par
Vanadium producer secures offtake deal for key product
The mining company is refocusing its efforts on developing and commercializing a carbon black substitute product, while optimizing its production operations.