12th Jun 2020 14:20
Ferro-Alloy Resources Ltd - Guernsey-based vanadium miner focused on Kazakhstan - Raises USD300,000 via the issue of bonds. Investors have subscribed for 150 bonds at USD2,000 each. Bonds are unsecured, have a three-year term, and bear interest of 7.5%, paid twice-yearly. Restarted hydrometallurgical production at Balasausqandiq project from June 1. Sees significant production from both the hydrometallurgical and pyrometallurgical process routes. Daily overall production in the first 10 days of resumed operations has been 69% higher than the average for the first quarter of 2020.
Current stock price: 9.40 pence
Year-to-date change: down 33%
By Tapan Panchal; [email protected]
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