Smithfield Partners advises Ferro-Alloy Resources Limited on London Stock Exchange standard listing


Smithfield Partners advised Ferro-Alloy Resources Limited (‘FAR’) on its £220 million listing on the Standard List of the London Stock Exchange (‘LSE’).

Nick Foster, Managing Director of Smithfield Partners, acted for the Company on its admission and associated £5.2 million placing of new ordinary shares of 70p each.

“Ferro-Alloys is a hugely exciting company within the mining sector, based around a large vanadium deposit and processing facilities at Balasausqandiq in Kazakhstan. Vanadium has applications within steel production and increasingly within the emerging clean energy storage sector by using Vanadium Redox Flow batteries”.

The transaction was complex involving a number of jurisdictions. Ferro Alloys Resources Limited is a Guernsey domiciled company with operations in Kazakhstan and is dual listed on KASE and the standard listing segment of the London Stock Exchange.

Nick said “This is further progress for the firm’s growing listings and Corporate Finance department adding such an exciting multinational company to the firm’s existing publicly listed clients bodes well for the future.”

Nick had great support from his team, including Bilal Anwar and Jake Chagoury.