REG - Ferro-Alloy Resrcs. - Total Voting Rights & Admission of Shares

Ferro-Alloy ResourcesAnnouncement

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RNS Number : 9123Y  Ferro-Alloy Resources Limited  01 April 2026

1 April 2026

Ferro-Alloy Resources Limited

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

 

Total Voting Rights

Notification of Admission of Equity Securities to Trading

 

On 10 March 2026, the Company announced that it had issued and allotted
28,621,701 new ordinary shares of nil par value ("New Ordinary Shares"),
raising gross proceeds of £1,574,193.55.

 

The following notification is made in accordance with Rule 5.6 of the FCA's
Disclosure Guidance and Transparency Rules.

 

As at close of business on 31 March 2026, the Company confirms that its issued
ordinary share capital consists of a total of 587,751,330 ordinary shares,
with none held in treasury, and therefore, the total number of ordinary shares
in the Company with voting rights is 587,751,330. This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they can determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
applicable legal and regulatory requirements.

 

In accordance with the Financial Conduct Authority's Prospectus Rules:
Admission to Trading on a Regulated Market sourcebook 1.6.4R, the Company
notifies the market that the New Ordinary Shares have been admitted to trading
(as detailed in the table below).

 

 1   Details of the issuer
 a)  Name                                                                           Ferro-Alloy Resources Limited
 b)  LEI                                                                            2138003T5CF6U9W7Z780
 2   Details of the transferable securities admitted to trading
 a)  Name, type and identification code                                             Ordinary Shares of nil par value

                                                                                    GG00BGDYDZ69
 b)  Regulated market                                                               London Stock Exchange - Main Market
 c)  Number of further Shares issued and admitted to trading                        28,621,701
 d)  Total number of Shares admitted to trading following the further issuance set  587,751,330
     out in 2 c)
 e)  Fungibility                                                                    Fully fungible with existing ordinary shares
 3   Admission details
 a)  Dates of admission                                                             13 March 2026
 b)  Prospectus information                                                         Not applicable
 c)  Coverage of notification                                                       Not applicable

 

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 ("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.

 

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