What Ferro-Alloy Resources does

Ferro-Alloy Resources Limited is a Guernsey-domiciled, publicly listed mineral resource company developing the giant Balasausqandiq vanadium deposit in the Kyzlorda Oblast of Southern Kazakhstan. The company is dual-listed on the London Stock Exchange and the Astana International Exchange, and its principal project is a two-phase vanadium mining operation targeting 22,400 tonnes of vanadium pentoxide per annum, with significant by-products. The deposit is sedimentary and high-grade, meaning ore can be extracted without pre-concentration or roasting, and the ore-bodies outcrop at the surface enabling open-pit mining; the company claims these characteristics position it as a potentially low-cost producer with lower projected CO2 emissions than other primary vanadium producers.

The company's core product is vanadium pentoxide (V2O5), serving two primary end-use segments: high-strength steel and alloy producers, and Vanadium Redox Flow Battery (VRFB) manufacturers for long-duration energy storage. The company does not disclose pricing, offtake customers, or a formal go-to-market motion; it currently operates a small plant while scaling toward full Phase 1/Phase 2 production. Distribution is implied through direct offtake relationships and global commodity markets for vanadium.

Revenue is not disclosed in the available data, and the company is presented as a development-stage producer with a small existing operating footprint. Corporate communications are oriented around investor relations, including RNS announcements, corporate presentations, financial reports, and social channels (X and LinkedIn). Key shareholders include Vision Blue Resources Limited (approximately 22.5%), Andrey Kuznetsov (approximately 12.10%), and CEO Nicholas Bridgen (approximately 10.69%), with a board of seven directors.

Name

Ferro-Alloy Resources

Legal name

Ferro-Alloy Resources Limited

Website

https://ferro-alloy.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Ferro-Alloy Resources is a publicly listed vanadium developer advancing the Balasausqandiq sedimentary deposit in Kazakhstan toward 22,400 tonnes of annual vanadium pentoxide output for steel alloys and VRFB energy storage markets.

Ownership category

akta.pro rank

Product category

Vanadium Mining and Production

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Miscellaneous Metal Ores (1090), Metal Mining (1000)

akta.pro primary industry

Natural Graphite Mining & Concentrates (IMAKAFAD)

Keywords

• Vanadium pentoxide production
• Vanadium mining
• Ferro-alloy extraction
• Vanadium redox batteries
• Sedimentary vanadium deposit

Headquarters

HQ city

Lake Saint Peter

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Others

Marketing channels5 records

Core offering

Ferro-Alloy Resources is developing the giant Balasausqandiq sedimentary vanadium deposit in Southern Kazakhstan, targeting planned annual output of 22,400 tonnes of vanadium pentoxide (V2O5). The deposit's high-grade sedimentary ore can be extracted without energy-intensive pre-concentration or roasting, positioning the company as an emerging low-cost primary vanadium producer for high-strength alloys and Vanadium Redox Flow Battery energy storage applications.

Product overview

Ferro-Alloy Resources is developing the giant Balasausqandiq vanadium deposit in Kazakhstan as a low-cost vanadium producer. The company's core offering is vanadium pentoxide (V2O5) production through a two-phase project targeting 22,400 tonnes annual output. The project differs from conventional vanadium operations by utilizing a sedimentary deposit with high vanadium grades that can be extracted without energy-intensive pre-concentration or roasting processes. A notable by-product focus includes emerging applications in Vanadium Redox Flow Batteries for energy storage.

Differentiator

Problem solved

Functional benefit

Products and services

• Vanadium Pentoxide (V2O5) Planned primary vanadium product targeting 22,400 tonnes annual output for the global vanadium market, supplying high-strength steel/alloy producers and Vanadium Redox Flow Battery manufacturers.
• Balasausqandiq Vanadium Project Two-phase vanadium mining project located in the Kyzlorda Oblast of Southern Kazakhstan, featuring a sedimentary deposit with high vanadium grades extractable without pre-concentration or roasting, with significant by-product output.

Quantifiable outcome

• Planned annual output of 22,400 tonnes of vanadium pentoxide targeting to become one of the world's largest and lowest-cost producers

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• Bushveld Minerals: London-listed primary vanadium producer and developer with operations in South Africa; one of the most direct global comparables to Ferro-Alloy Resources' vanadium-only development model and VRFB-focused strategy.
• Largo Resources (Largo Physical Vanadium): Owner of the Maracás Menchen vanadium mine in Brazil, one of the world's highest-grade primary vanadium producers, serving both steel and VRFB electrolyte markets; closely comparable business model and end-market mix.
• Energy Fuels: US-listed producer of uranium and vanadium, with vanadium recovered as a co-product at its White Mesa mill; similar primary vanadium output serving steel and emerging energy storage demand.
• Australian Vanadium Limited: Australian vanadium developer advancing the Australian Vanadium Project, with explicit positioning for the VRFB/energy storage market; comparable single-commodity development-stage vanadium exposure.

Broad incumbents

• Glencore: One of the world's largest diversified miners, producing vanadium as a by-product of its South African and other operations; benchmark for scale and pricing power in the global vanadium market.
• AMG Advanced Metallurgical Group: Global specialty metals and critical-minerals producer with a vanadium business (AMG Vanadium) processing spent catalysts and ferrovanadium; broader portfolio but a meaningful vanadium comparator.

Emerging players

• Neometals: Australian critical-minerals company developing the Barrambie titanium-vanadium project; comparable single-asset critical mineral exposure with battery materials end-market focus.
• TNG Limited: Australian developer of the Mount Peake vanadium-titanium-iron project; another single-asset critical-minerals developer targeting V2O5 for steel alloys and VRFB markets.
• VanadiumCorp Resource: Canadian-listed vanadium development and technology company focused on the Lac Doré deposit in Quebec and on VRFB electrolyte supply; an early-stage comparable in the same critical-mineral / battery-storage niche.

Others

• Invinity Energy Systems: Leading Western vanadium redox flow battery manufacturer; not a producer but a key downstream customer whose adoption of VRFBs directly drives demand for Ferro-Alloy Resources' planned V2O5 output.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/alloyferro
• LinkedInlinkedin.com/company/ferroalloyresources

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ferro-Alloy Resources