FERRO-ALLOY RES.

Ferro-Alloy Resources placed 167,647,046 new ordinary shares at 3.4 pence each (gross proceeds £5.7m, discount 25.3%). Vision Blue Resources subscribed for 65,290,848 shares and CEO Nicholas Bridgen bought 1,492,702 shares; issued share capital rises to 755,398,376 ordinary shares following admission on 5 August 2026. The company granted options over 4,000,000 shares (exercise price 3.4 pence, exercisable from 31 July 2029 for two years), including 3,000,000 to designated CEO Peter Secker. Ferro-Alloy intends to use the placement proceeds and $2m of advance payments to make $20m repayments to bondholders of tranches 1 and 3 of its Kazakh bond programme. » More on de.investing.com

Ferro-Alloy Resources raised gross £5.7m by issuing 167,647,046 ordinary shares at 3.4 pence each, a 25.3% discount to the mid-price. Vision Blue Resources and CEO Nicholas Bridgen took larger stakes; after the placing Vision Blue holds 26.15% and Bridgen 8.52%. The company was also granted options on a total of 4 million shares, including 3 million to designated CEO Peter Secker, exercisable from 31 July 2029 at 3.4 pence. The proceeds and additional prepayments are to be used mainly to repay outstanding bond obligations under the Kazakh bond programme; the enlarged share capital will total 755,398,376 ordinary shares upon admission. » More on de.investing.com

Shareholders of Ferro-Alloy Resources unanimously approved the 2024 annual report and re-elected all directors, and they reappointed Crowe U.K. LLP as auditor. Directors were also granted authorities to allot relevant securities and to increase capital with the pre-emption rights excluded. The company is developing the Balasausqandiq vanadium deposit in southern Kazakhstan, with an indicated resource of 32.9 million tonnes (0.62% V2O5), and plans phased production, with phase 1 processing 1.65 million tonnes per year. » More on de.investing.com