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That header sounds like one of Putup's schoolboy attempts to grab some attention? Best to ignore him if it is, he's a legend in his own mind 🥸

FAR aren't relying on the UK for funding, as usual the UK is behind the curve, the money will be coming from the East.

I think the point of posting the release was the governments realising the importance of critical minerals / Vanadium and the bun fight that's already begun over them.

One more then I'm off to bed:

10% of???

AI response.

The global vanadium market was valued at approximately USD 3.19 billion in 2024. Other sources provide slightly different figures, with estimates ranging from USD 2.81 billion to over USD 4 billion for 2024.

The market is primarily driven by its use as an alloying element in the production of high-strength steel, which accounts for over 90% of vanadium consumption. A rapidly growing but smaller segment is its use in Vanadium Redox Flow Batteries (VRFBs) for large-scale energy storage solutions.

Market Breakdown

Total Market Size (2024): Approximately USD 3.19 billion.

Primary Application: More than 90% of vanadium consumed in 2024 was for steel applications.

Key Product: Vanadium pentoxide (V₂O₅) is a primary traded product.

VRFB Market (2024): The segment for Vanadium Redox Flow Batteries (VRFB) was valued at around USD 351.6 million, though some estimates are higher.

Key Trends and Drivers

Steel Industry Demand: The majority of demand continues to come from the iron and steel sector for applications in construction, automotive, and aerospace due to the element's strengthening properties.

Energy Storage Growth: The demand for vanadium in energy storage, particularly in VRFBs, is growing at a high compound annual growth rate (CAGR) (estimated at around 18-20% through the forecast period), driven by the global transition to renewable energy and the need for grid stability.

Geographic Dominance: The Asia-Pacific region is the largest market for vanadium, with China being the dominant producer and consumer.

Price Volatility: The market has historically experienced price fluctuations due to supply and demand imbalances, which can impact investment and long-term contracts.

Great find BTW smkr 🎉

I'm liking this, really reinforces the narrative pushed in the latest interviews that businesses are coming to FAR to fund / invest rather than them having to chase.

It's up 30% or so in the month, bound to be a few profit takers. Sniff of positive news will see it jump a level or two.

Small add-on from the company's website.

Doesn't mention volumes or how intent that are at production, which is a shame but suppose it depends on where the profit is, be a good question if they ever get around to a proper Q and A webcast.

hTTps://www.ferro-alloy.com/the-project/#:~:text=Studies%20have%20been%20carried%20out,silicon%20has%20been%20successfully%20tested.

Studies have been carried out on the enrichment of the carbon from the ore, following the recovery of the vanadium and other metals, and the potential use of this material as a substitute for carbon black in the production of rubber, tyres in particular. For this purpose a 40% carbon concentrate can be produced by flotation, with the remaining material, principally comprising silica. An alternative use of the carbon-silica tailings for making ferro-silicon has been successfully tested.

Would love to but am a long way away.

Just checking in on my morning break, what the heck is going on with the volume 😂

Yea it's the past absolutely, just saying there's reasons why it's not flying right now, that's not connected to the huge value of the company, was poised at 14p to leap up and would have if all the information released after the FS had been available at the time, total fudge, FAR really need someone to coordinate their information releases.

But I totally agree, this should be much higher than it is, the SP jumped 4x to 10p just on an offtake agreement for the vanadium, now there's financing mostly agreed, a global scramble for rare earths and a top notch firm doing design / construction and even joining in in arranging finance with news to come.

Whatever happens from here I won't get to see my buy-in price again, I'm hanging on to my shares.

It's a shame, there were way too many false starts with the FS delays and promises of big profits recycling the vanadium that didn't materialise, and it's a shame because now the good stuff is here, they'd lost the momentum.

Fingers crossed it's building again back to it's true value.

HTTps://astanatimes.com/2025/11/kazakhstan-us-sign-landmark-memorandum-on-critical-minerals-cooperation/

Interesting given the Chinese interests in FAR

ALMATY – Kazakhstan and the United States signed a landmark memorandum of understanding on cooperation in the field of critical minerals on Nov. 6, as President Kassym-Jomart Tokayev began his official visit to the U.S. ahead of the upcoming C5+1 Leaders’ Summit.

The document was signed in Tokayev’s presence by Minister of Industry and Construction of Kazakhstan Yersayin Nagaspayev, and U.S. Secretary of Commerce Howard Lutnick, marking a major step toward expanding bilateral trade and investment in strategically important sectors.

As part of the visit, Tokayev also met with the U.S. Secretary of State Marco Rubio and Special Presidential Representative for South and Central Asia Sergio Gor. The discussions focused on key aspects of the broader regional agenda, reflecting the growing momentum of strategic cooperation, Akorda reported.

Tokayev emphasized that Kazakhstan and the U.S. have strong potential to deepen their strategic partnership through enhanced economic cooperation, investment, and trade. He highlighted that such collaboration would create new jobs, support industrial development, and foster innovation-driven growth in both countries.

President Tokayev reaffirmed Kazakhstan’s commitment to maintaining active political dialogue with the U.S. at all levels and expressed readiness to continue constructive engagement to advance multifaceted cooperation.

The spread is ridiculous, definitely trying to keep a lid on the SP.

That's a thought FAR have issued bond programmes quite a few times before haven't they?

There's a lot of it's yet before it's a 10 bagger, but for the patient, it's got the goods now the financing is there. I'm so much more positive on this than last week, and that takes a lot to achieve 😅 Couple of more RNS's on the additional CB value and offtakes and the SP will rise again. I remember from the last interview they're currently in talks re an offtake with a Chinese company for the CB 🤞🏻

Another one-post wonder, operating under a new account because no one is listening to your old BS (on ADFN I bet). Go Troll somewhere else, preferably not yer mum's back room. Filtered.

Well, this has been a very good day that not many people expected. Certainly not me, I took the last interview with a pinch of salt, but it seems he was telling the truth, there were companies in the background very interested in funding the project, I'm glad I didn't sell out on my skepticism 😅

Reachforthestars I'm not much of a one for conspiracy theories, but I have to admit the last couple of months have been pretty odd!!

Few wrong words in there sorry, couldn't find my glasses 😂

I bet this has caught a few people on the hop, really wasn't expecting anything announced for months.

Well no, they paid a lot of money to an independent body to provide a feasibility study, and are legally applied to publish the feasibility study as is, what they didn't do was keep on top of things and he came as a huge shock.

I'm very pleasantly surprised they have managed to secure the funding offer. I really thought they were going to struggle to get anything and this is come through amazingly quickly for FAR.