REG - Ferro-Alloy Resrcs. - Grant of Share Options

Ferro-Alloy ResourcesAnnouncement

01/05/2026 07:01

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RNS Number : 6933C  Ferro-Alloy Resources Limited  01 May 2026

 

1 May 2026

Ferro-Alloy Resources Limited

("Ferro-Alloy" or the "Group" or the "Company")

 

Grant of Share Options

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer
of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, today
announces that it has granted options over 1,000,000 ordinary shares of nil
par value in the Company ("Options") under the Company's previously approved
share option scheme to both William Callewaert, Chief Financial Officer of the
Company, and Andrey Andreyevich Kuznetsov, Deputy Director General of the
Company's operating subsidiary, TOO Firma Balausa, and part of the Group's
senior management team.

The Options are exercisable on the third anniversary from the date of grant
("Exercise Date") and are exercisable for a period of two years commencing on
the Exercise Date. The Options have an exercise price of 5.5 pence being the
closing mid-market price of the Company's ordinary shares as quoted on the
main market of the London Stock Exchange on the last business day before the
date of grant (30 April 2026).

The Options do not carry any performance-related vesting conditions other than
the passage of time and continued employment by the Group.

The grant of the Options, in aggregate, represents approximately 0.34% of the
Company's currently issued share capital.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

 Name                           Options Granted  Exercise Price  Exercise Date  Total options held post grant

 William Callewaert             1,000,000        5.5p            1 May 2029     2,000,000

 Andrey Andreyevich Kuznetsov   1,000,000        5.5p            1 May 2029     2,000,000

 

ENDS

 

 

For further information, visit www.ferro-alloy.com or contact:

 

 Ferro-Alloy Resources Limited  Nick Bridgen (CEO) / William Callewaert (CFO)  info@ferro-alloy.com

 Shore Capital                  Toby Gibbs / Lucy Bowden                       +44 207 408 4090

 (Joint Corporate Broker)

 Panmure Liberum Limited        Scott Mathieson / John More                    +44 20 3100 2000

 (Joint Corporate Broker)

 BlytheRay (Financial PR)       Megan Ray / Will Jones                         +44 20 7138 3204

                                                                               ferro-alloy@blytheray.com

 

 

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 ("CBS") 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 system of reserve estimation used in Kazakhstan the reserves are estimated
to be over 70 million tonnes in ore-bodies 1 to 5, but this does not include
the full depth of ore-bodies 2 to 5, or the remaining ore-bodies which remain
substantially unexplored.

The grade of carbon in the deposit is over 8%. The carbon flows through to the
tailings from where it is concentrated, in a simple low-cost operation, into a
40% carbon product, the CBS, that can be used in place of carbon black as a
reinforcing filler in the making of rubber.

The Project will be developed in two phases, Phase 1 and Phase 2, with Phase 1
treating 1.65 million tonnes per year.

There is an existing concentrate processing operation at the site of the
Balasausqandiq deposit. The production facilities were originally created from
a 15,000 tonnes per year pilot plant, which was then expanded and adapted to
recover vanadium, molybdenum and nickel from purchased concentrates.
Alongside this operation, there is a well-equipped laboratory and highly
skilled technical team, who have already developed the technology that is
being built into the feasibility study and is further developing and
optimising processes needed for future vanadium and carbon operations. The
plant will operate only when profitable concentrates are available and, when
not operating as a production facility, will operate on an expanded basis as
an R&D centre.

The notification below is made in accordance with the requirements of article
19 of MAR and provides further details, including as to awards granted to
persons discharging managerial responsibility, which has been updated
accordingly.

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        William Callewaert
 2.                          Reason for the notification
 a.                          Position/status                                                             Executive director / Chief Financial Officer
 b.                          Initial notification/Amendment                                              Initial notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        Ferro-Alloy Resources Limited
 b.                          LEI                                                                         2138003T5CF6U9W7Z780
 4.                          Details of the transaction(s): section to be repeated for (i) each type of
                             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                             place where transactions have been conducted
 a.                          Description of the Financial instrument, type of instrument Identification  Ordinary Shares NPV
                             code

                                                                                                         GG00BGDYDZ69
 b.                          Nature of the transaction                                                   Grant of Share Options
 c.                          Price(s) and volume(s)

Price  Volume
                                                                                                         5.5p   1,000,000

 

 d.                          Aggregated information

                             -      Aggregated volume                                                    1,000,000

                             -      Price                                                                5.5 pence
 e.                          Date of the transactions                                                    1 May 2026
 f.                          Place of the transactions                                                   Outside a trading venue

 

 

d.

Aggregated information

-      Aggregated volume

-      Price

 

1,000,000

5.5 pence

e.

Date of the transactions

1 May 2026

f.

Place of the transactions

Outside a trading venue

 

 

 

The notification below is made in accordance with the requirements of article
19 of MAR and provides further details, including as to awards granted to
persons discharging managerial responsibility, which has been updated
accordingly.

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        Andrey Andreyevich Kuznetsov
 2.                          Reason for the notification
 a.                          Position/status                                                             Senior management team
 b.                          Initial notification/Amendment                                              Initial notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        Ferro-Alloy Resources Limited
 b.                          LEI                                                                         2138003T5CF6U9W7Z780
 4.                          Details of the transaction(s): section to be repeated for (i) each type of
                             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                             place where transactions have been conducted
 a.                          Description of the Financial instrument, type of instrument Identification  Ordinary Shares NPV
                             code

                                                                                                         GG00BGDYDZ69
 b.                          Nature of the transaction                                                   Grant of Share Options
 c.                          Price(s) and volume(s)

Price  Volume
                                                                                                         5.5p   1,000,000

 

 d.                          Aggregated information

                             -      Aggregated volume                                                    1,000,000

                             -      Price                                                                5.5 pence
 e.                          Date of the transactions                                                    1 May 2026
 f.                          Place of the transactions                                                   Outside a trading venue

 

 

d.

Aggregated information

-      Aggregated volume

-      Price

 

1,000,000

5.5 pence

e.

Date of the transactions

1 May 2026

f.

Place of the transactions

Outside a trading venue

 

 

 

 

 

 

 

 

 

 

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