Ferro-Alloy Resources CEO on upcoming feasility study and black carbon substitute potential

Ferro-Alloy Resources Ltd (LSE:FAR) chief executive Nick Bridgen talked with Proactive's Stephen Gunnion about the latest developments at its Balasausqandiq project in Kazakhstan. The company is focused on vanadium and a carbon black substitute, both of which are expected to be highly competitive due to their low-cost production and environmental benefits.
Bridgen discussed the ongoing feasibility study, which is nearing completion and is expected in the first half of 2025. He highlighted the importance of a recent non-binding offtake agreement with LL Resources for vanadium pentoxide, providing a degree of commercial security as the project advances.
Regarding the carbon black substitute, he emphasised that it is a co-product rather than a byproduct, with revenue potential comparable to vanadium. “We've had a marketing study that tells us that it should sell for over $500 a ton. The market is huge,” Bridgen noted.
As 2025 progresses, key milestones include the completion of the feasibility study and further commercial agreements for carbon black. Bridgen underscored the environmental benefits of Ferro-Alloy’s production process, which emits significantly less CO2 compared to traditional methods.
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