Reported Earnings • May 05
Full year 2025 earnings released: US$0.017 loss per share (vs US$0.02 loss in FY 2024) Full year 2025 results: US$0.017 loss per share (improved from US$0.02 loss in FY 2024). Revenue: US$4.53m (down 4.4% from FY 2024). Net loss: US$8.42m (loss narrowed 11% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£34.7m market cap, or US$46.9m). New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£35.3m market cap, or US$46.7m). New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£40.0m market cap, or US$53.3m). Announcement • Dec 06
Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million. Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,931,147
Price\Range: £0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,248,600
Price\Range: £0.055
Transaction Features: Subsequent Direct Listing Announcement • Nov 12
Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million. Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,638,879
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Announcement • Nov 05
Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million. Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,638,879
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Announcement • Oct 13
Ferro-Alloy Resources Limited Announces Positive Feasibility Study Results IRR of 22% Ferro-Alloy Resources Limited announced the results of its feasibility study on Phase 1 of the large Balasausqandiq vanadium deposit (the "Project") in Southern Kazakhstan (the "Feasibility Study"). Compelling economics with net present value ("NPV") of USD 748 million (post tax discount rate of 8%) and Project internal rate of return ("IRR") of 22%. Funding required to enter production of USD 520 million. Bottom decile of industry cash operating costs, with attractive by-product credit value upside: Cash cost of USD 4.35 per pound ("lb") (V2O5 equivalent basis). Cash cost of USD 0.36/lb (net of by-product credits). Vanadium pentoxide ("V2O5") price forecast of USD 8.67/lb in 2029 increasing to USD 10.59/lb in 2037 and thereafter. Annual production of 8,500 tonnes of V2O5, plus 247,000 tonnes of carbon black substitute ("CBS"). Mine life of 20 years. Phase 2 expansion could increase total production to four times the Phase 1 level, based on ore-bodies 2, 3 and 4, ("OB2,3,4") with an equally long mine life. Areas for optimisation show the potential to significantly improve NPV and IRR following the completion of front-end engineering design ("FEED"). Discussions ongoing with potential customers for a new type of CBS (announced on 27 June 2025) to be made from the mine waste, additional to the current CBS. Discussions in progress, with expressions of interest received from potential debt and equity providers. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Announcement • Oct 09
Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025 Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025. Location: the duke of richmond hotel, anns place, st peter port, gy1 1uy, Guernsey Reported Earnings • Oct 05
First half 2025 earnings released: US$0.007 loss per share (vs US$0.008 loss in 1H 2024) First half 2025 results: US$0.007 loss per share (improved from US$0.008 loss in 1H 2024). Revenue: US$2.53m (up 18% from 1H 2024). Net loss: US$3.50m (loss narrowed 12% from 1H 2024). Revenue is forecast to grow 108% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$271k). Earnings have declined by 21% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$4.7m revenue). Market cap is less than US$100m (UK£50.0m market cap, or US$67.8m). Announcement • Jul 08
Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million. Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Announcement • Jun 27
Ferro-Alloy Resources Limited Announces Progress in the Development of the Carbon Black Substitute Product and an Update of the Feasibility Study on Phase 1 of the Balasausqandiq Project Ferro-Alloy Resources Limited announced progress in the development of the carbon black substitute ("CBS") product and an update of the Feasibility Study ("Feasibility Study") on Phase 1 of the Balasausqandiq Project (the "Project"). A new CBS product developed based on processing high-carbon /low vanadium waste rock located within the existing pit shells scheduled to be stripped during the mining of Ore-Body 1 ("OB1"); Successful laboratory testing of the new CBS product (and the existing c. 40% carbon CBS product) by a major manufacturer and supplier of automotive rubber products to the Chinese car industry opens the prospect of a valuable CBS revenue stream with the potential to be brought online prior to the construction of the Project's main processing plant; A 20 tonne sample of the new CBS product is being sent to the potential Chinese customer for industrial testing; Feasibility Study substantially complete including the 1.65 million tonnes per year ("Mtpa") process plant design, tailing storage facility design and mine plan; Potential changes to the CBS product specification, source ore and treatment process, which could materially improve the CBS aspects of the Feasibility Study, will be made over the course of the summer, deferring the projected issue date of the Feasibility Study to September 2025. The marketing division of the same consultancy advised that the CBS product should be marketed, based on a comparison with other reinforcing fillers currently available, at a price of USD 500 per tonne for the tyre market, and between USD 500 and USD 600 per tonne for the non-tyre market. New CBS product On 2 December 2024, the Company announced that the focus of its operating plant would be switched to research and development ("R&D"), including the development of CBS markets. As a result of that R&D, the Company has developed a further CBS product, with a lower carbon content in comparison to the existing CBS product, whilst still maintaining good reinforcing qualities in the manufacture of rubber. The Company has built a test-plant which is currently producing around 400 kg of the new CBS product per hour. A separate plant to produce the new CBS product, processing the stripped high carbon /low vanadium waste rock, could be built and operated in advance of the construction of the Project processing plant, providing the Company with a valuable early cash flow stream. A 20 tonne sample of The new CBS product is being sent To the potential Chinese customer for industrial scale testing, following which, offtake discussions are likely to result. The Feasibility Study is substantially complete with respect to the mining and processing to recover vanadium pentoxide as flake; Mineral reserve 33 million tonnes (OB1 only); Mining and throughput to the process plant - 1.65 Mtpa; Vanadium pentoxide output - 8,500 tonnes per year ("tpa); Carbon black substitute output - up to 220,000 tpa; Process plant design, tailings storage facility design and mine planning complete; Ecological and social studies have not identified any significant issues The Board of Directors is of the opinion that deferring the publication of the Feasibility Study To September 2025 will allow time to conduct additional work on the new CBS product and reflect any offtake agreements that might ensue. The Project will be developed in two phases, Phase 1 and Phase 2. Announcement • Jun 03
Ferro-Alloy Resources Limited Enters into A Non-Binding, Non-Exclusive Framework Agreement with China National Chemical Engineering Sixth Construction Co., Ltd Ferro-Alloy Resources Limited announced that it has entered into a non-binding, non-exclusive framework agreement (the "Agreement") with China National Chemical Engineering Sixth Construction Co. Ltd. ("CC6") to design and construct Phase 1 of the Balasausqandiq Project. The Company and CC6 (together, the "Parties") have entered into the Agreement to document the common intent between the Parties to advance CC6's potential engagement as the contractor to undertake the front end engineering and design ("FEED") contract and the engineering, procurement and construction ("EPC") contract (together, the "Contracts") for Phase 1 of the Balasqandiq Project. Under the Agreement, the Parties will consider and negotiate the potential contractual terms between the Parties that could lead to the award of the Contracts to CC6. The Agreement is non-binding and non-exclusive. Any ultimate contractual relationship between the Parties remains subject to the entry into the relevant documentation on terms acceptable to both Parties. CC6 CC6, founded in 1965, is a wholly owned subsidiary of China National Chemical Engineering Group Corp, and specialises in the engineering, design and construction of industrial processing plants. CC6 has completed in excess of 4,000 large or medium sized projects in over 20 countries, including Kazakhstan, and has significant prior experience and expertise with FEED and EPC contracts for the design or construction of more than 50 vanadium related projects. Signing this agreement is the first step towards what could turn out to be a very advantageous partnership, which could significantly advance the project schedule and ensure cost-effective engineering and construction. Reported Earnings • May 01
Full year 2024 earnings released: US$0.02 loss per share (vs US$0.012 loss in FY 2023) Full year 2024 results: US$0.02 loss per share (further deteriorated from US$0.012 loss in FY 2023). Revenue: US$4.74m (down 17% from FY 2023). Net loss: US$9.43m (loss widened 80% from FY 2023). Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 35% per year. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£33.8m market cap, or US$44.2m). Reported Earnings • Sep 29
First half 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in 1H 2023) First half 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in 1H 2023). Revenue: US$2.15m (down 35% from 1H 2023). Net loss: US$3.99m (loss widened 161% from 1H 2023). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£22.5m market cap, or US$30.1m). New Risk • Sep 27
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.6m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£26.2m market cap, or US$35.2m). Announcement • Sep 26
Ferro-Alloy Resources Limited Provides Update on Results from the Testing Completed on Its Carbon Concentrate and the Balasausqandiq Feasibility Study Ferro-Alloy Resources Limited provided an update on the results from the testing completed on its carbon concentrate and the Balasausqandiq feasibility study. Carbon Concentrate: Results from the testing of the Company's carbon concentrate to be produced from the tailings of the Balasausqandiq ore have confirmed the suitability of the concentrate for use in tyre rubber manufacture and other carbon black based rubber applications. The testing has shown that the carbon concentrate can be successfully used as a partial substitute for conventional carbon black filler in a passenger car tyre sidewall compound formulation. A marketing report quantifying the value proposition of the concentrate is being finalised. Feasibility Study: Feasibility study for Phase 1 is ongoing: Current focus of the study is on the optimisation of the planned tailings storage facility. Site selection is in progress and preliminary capital estimates have been completed on a staged construction basis to refine initial capital spend. Design capacity of the Phase 1 process plant has been increased to 1.65m tonnes throughput per year and the comminution circuit design work has been completed. Reagent optimisation programme commenced to quantify improvements to the project's expected operational expenditure. In order to accommodate the increased design capacity of the Phase 1 process plant and the reagent optimisation programme, the Company now expects the feasibility study to be published during Second Quarter 2025. Announcement • Sep 19
Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024 Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024. Location: the old government house hotel, anns place, st peter port, gy1 2nu, Guernsey Reported Earnings • Apr 30
Full year 2023 earnings released: US$0.012 loss per share (vs US$0.011 loss in FY 2022) Full year 2023 results: US$0.012 loss per share (further deteriorated from US$0.011 loss in FY 2022). Revenue: US$5.72m (down 8.9% from FY 2022). Net loss: US$5.25m (loss widened 23% from FY 2022). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.9m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£21.3m market cap, or US$26.8m). New Risk • Nov 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.9m). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£42.3m market cap, or US$52.7m). Announcement • Oct 07
Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023 Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023, at 14:00 Coordinated Universal Time. Location: The Duke of Richmond Hotel, Cambridge Park, St Peter Port Guernsey, GY1 1UY. Guernsey United Kingdom Reported Earnings • Sep 13
First half 2023 earnings released: US$0.003 loss per share (vs US$0.002 loss in 1H 2022) First half 2023 results: US$0.003 loss per share (further deteriorated from US$0.002 loss in 1H 2022). Revenue: US$3.31m (down 15% from 1H 2022). Net loss: US$1.53m (loss widened 121% from 1H 2022). Revenue is forecast to grow 57% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£49.5m market cap, or US$63.7m). New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£43.6m market cap, or US$55.4m). Recent Insider Transactions • May 04
CEO & Director recently bought UK£650k worth of stock On the 2nd of May, Nicholas Bridgen bought around 6m shares on-market at roughly UK£0.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months. Reported Earnings • Apr 30
Full year 2022 earnings released: US$0.011 loss per share (vs US$0.008 loss in FY 2021) Full year 2022 results: US$0.011 loss per share (further deteriorated from US$0.008 loss in FY 2021). Revenue: US$6.27m (up 33% from FY 2021). Net loss: US$4.29m (loss widened 52% from FY 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Ferro-Alloy Resources Limited Provides Earnings and Production Guidance for the Year 2023 Ferro-Alloy Resources Limited provided earnings and production guidance for the year 2023. The company believes that both the production and financial results for 2023 are likely to be significantly better than 2022. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 16
First half 2022 earnings released: US$0.002 loss per share (vs US$0.003 loss in 1H 2021) First half 2022 results: US$0.002 loss per share (improved from US$0.003 loss in 1H 2021). Revenue: US$3.91m (up 153% from 1H 2021). Net loss: US$694.0k (loss narrowed 36% from 1H 2021). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 3.4% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • May 01
Full year 2021 earnings released: US$0.008 loss per share (vs US$0.012 loss in FY 2020) Full year 2021 results: US$0.008 loss per share (up from US$0.012 loss in FY 2020). Revenue: US$4.73m (up 99% from FY 2020). Net loss: US$2.83m (loss narrowed 28% from FY 2020). Over the next year, revenue is forecast to grow 231%, compared to a 6.6% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Mick Davis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
Ferro-Alloy Resources Ltd's Ordinary Shares to Be Deleted from Other OTC Ferro-Alloy Resources Limited (LSE:FAR)'s Ordinary Shares NPV (Guernsey) will be deleted from other OTC effective from November 18, 2020 due to Inactive Security. Announcement • Sep 04
Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million. Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,250,000
Price\Range: £0.08
Transaction Features: Subsequent Direct Listing 
