Ferro-Alloy Resources Limited
Replacement: US Strategic RE Separation MoU
Ferro-Alloy Resources Limited has signed a non-binding MoU with US-based Maglut Heavy Industries Inc to potentially supply mixed rare earth concentrate (MREC) from its Balasausqandiq project. Initial test work demonstrated high purities (>99%) and strong indicative recoveries (~91.4%) using a proprietary chromatography platform. The REEs would be recovered from residual leach solutions generated during vanadium extraction, offering a low-cost value-add opportunity.