REG - Ferro-Alloy Resrcs. - Non-Executive Director Share Sale

Ferro-Alloy ResourcesAnnouncement

06/05/2026 07:00

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RNS Number : 1255D  Ferro-Alloy Resources Limited  06 May 2026

 

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)  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 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 ("V(2)O(5)") equating to 203,364 contained tonnes of
V(2)O(5). 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                                                                        James Turian
 2.                    Reason for the notification
 a.                    Position/status                                                             Non-executive director
 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                                                   Sale of shares
 c.                    Price(s) and volume(s)

Price   Volume
                                                                                                   5.20p   100,000

                                                                                                   5.22p   102,765

                                                                                                   5.41p   55,000

                                                                                                   5.42p   105,000

                                                                                                   5.46p   150,000

 

 d.                    Aggregated information

                       -      Aggregated volume                                                    512,765

                                                                                                   5.35 pence

                       -      Price
 e.                    Date of the transactions                                                    5 May 2026
 f.                    Place of the transactions                                                   London

 

 

d.

Aggregated information

-      Aggregated volume

 

-      Price

 

512,765

5.35 pence

e.

Date of the transactions

5 May 2026

f.

Place of the transactions

London

 

 

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