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Vanadium-based alloys show promise as structural materials for nuclear fusion reactors, due to their low reactivity, high thermal strength and resistance to swelling. As the world looks to develop limitless clean power, #vanadium can play a vital role.

The global carbon black market is worth c.$20 billion per year, with an estimated 70% of value generated by tyre manufacturing. An independent study has confirmed the suitability of FAR's carbon black substitute, which produces fewer emissions, in the manufacture of tyres.

🔋 "Vanadium demand for energy storage [is] growing at about 50% per year” according to TTP Squared. Growth is largely driven by vanadium flow batteries for grid-level, long duration storage. Read Mining Journal's article on #vanadium's anticipated surge ⤵ t.ly/Sv0qX

A two-phase development of the Balasausqandiq deposit is currently planned, starting at 1.65Mt of ore per year and rising to 5Mt per year. A structured ramp up of production will avoid oversupply to the market and engineering risks, and reduce shareholder dilution.

#FAR will not only extract vanadium but will also transform its carbon-rich tailings into a carbon black substitute. This dual-purpose utilisation reduces waste, generates additional revenue, and drastically cuts carbon emissions compared to standard carbon black production.

Vanadium Redox Flow Batteries (VRFBs) are an emerging market for vanadium. Whilst Li-ion batteries are more suitable for mobile applications, VRFBs, which use a vanadium electrolyte, have advantages for fixed, high capacity and long-term storage for grids or isolated mini-grids.

Vanadium and its alloys have low neutron absorption properties, making them suitable for use in nuclear reactors. According to International Energy Agency, innovations in nuclear energy will hit an all-time high in 2025, representing an advancing growth market for #vanadium.

#FAR's Annual Report is available to view on the website. Read here ➡️ ferro-alloy.com/en/investors/f…

#FAR is developing a more environmentally sustainable carbon black substitute derived from vanadium production waste - reducing emissions in rubber production whilst creating additional value from a key by-product. Read more here➡️ ferro-alloy.com/the-project/

#FAR aims to develop Balasausqandiq in steps that align with the expansion of the vanadium market and at a pace which allows the later stages of the project to be substantially financed by earnings from the earlier stages, which will have strategic benefits for the project ⤵️