Ferro-Alloy Resources Ltd. Stock Analysis FAR.L

Ferro-Alloy Resources Ltd. is a holding company, which engages in the exploration, mining, and processing of vanadium containing materials. The firm produces vanadium pentoxide, ferro-molybdenum, and nickel concentrates. The firm operates through three segments: Processing, Subsoil, and Corporate. The Company’s assets are primarily concentrated in the Republic of Kazakhstan. The firm carries on a mining and mineral processing business with operations located at the Balasausqandiq vanadium/polymetallic mineral deposit in the Kyzylordinskaya Oblast in southern Kazakhstan. The Balasausqandiq deposit is a black-shale deposit containing vanadium and valuable byproducts, such as uranium, molybdenum, aluminum, rare earth metals and carbon. In parallel with developing the Balasausqandiq vanadium deposit, the Company is also operating a processing plant, which is engaged in treating bought-in concentrates. The company is also focused on production processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate.