Liberum appointed as Joint Corporate Broker to Ferro-Alloy Resources Group
We are pleased to announce that Liberum has been appointed as Joint Corporate Broker to Ferro-Alloy Resources with immediate effect.
Ferro-Alloy Resources is listed on the Standard segment of the Main Market of the London Stock Exchange and holds the rights to the development of the Balasausqandiq vanadium deposit (“Balasausqandiq”) in Kazakhstan.
Balasausqandiq could become one of the world’s largest and greenest primary vanadium production assets and has a myriad of inherent advantages including its size, existing infrastructure and relatively simple processing flowsheet. In addition to Balasausqandiq, Ferro-Alloy also has a small secondary vanadium operation in production at the same site.
In March 2021 Ferro-Alloy Resources entered into an agreement with Vision Blue, Sir Mick Davis’ investment vehicle, for the strategic investment of $12.6 million and the right to future investment of up to an additional $30 million. Sir Mick Davis, an industry heavyweight and previously CEO of Xstrata plc, joined the Board of Ferro-Alloy Resources as Chairman as part of this strategic investment.
Investment Banking – Scott Mathieson, Lydia Zychowska
Research – Yuen Low
Sales – Simon Fickling
CIR – Nicole Barbour