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Ferro-Alloy Resources Ltd. ( (GB:FAR) ) has issued an update.
Ferro-Alloy Resources Limited has announced progress in developing a new carbon black substitute (CBS) product and updates on the feasibility study for Phase 1 of the Balasausqandiq Project. The new CBS product, derived from high-carbon waste rock, has undergone successful laboratory testing, opening potential revenue streams before the main processing plant’s construction. A 20-tonne sample is being sent to a Chinese customer for industrial testing, potentially leading to offtake agreements. The feasibility study, nearly complete, includes a 1.65 Mtpa process plant design and plans to defer its publication to optimize the CBS elements, which could significantly enhance the project’s financial prospects.
Spark’s Take on GB:FAR Stock
According to Spark, TipRanks’ AI Analyst, GB:FAR is a Neutral.
Ferro-Alloy Resources Ltd. faces significant financial difficulties, which are the primary concern impacting the overall score. Despite some positive technical indicators and strategic corporate events that may bolster future prospects, the negative financial performance and valuation issues limit the stock’s attractiveness.
To see Spark’s full report on GB:FAR stock, click here.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited is a vanadium producer and developer based in Southern Kazakhstan, focusing on the large Balasausqandiq vanadium deposit. The company is involved in producing vanadium as the principal product, along with a carbon black substitute (CBS) and several by-products. The operations benefit from lower capital and operating costs compared to other vanadium projects due to the nature of the ore.
Average Trading Volume: 378,669
Technical Sentiment Signal: Buy
Current Market Cap: £49.36M
See more insights into FAR stock on TipRanks’ Stock Analysis page.