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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ferro Alloy Resources
Ferro Alloy Resources (FAR) investor relations material
Ferro Alloy Resources H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary28 Sep, 2026
Executive summary
Progressed the Balasausqandiq vanadium project to front-end engineering and design, with ongoing financing discussions and a letter of interest from a major US government financing institution.
Continued R&D on carbon black substitute (CBS) and rare earth elements (REES), securing a $500,000 grant for CBS pilot production.
Issued 28.6 million new shares, raising £1.57m in equity.
Financial highlights
Revenue for H1 2026 was $1.8m, down 28% year-over-year due to a 35% reduction in processed raw materials.
Gross loss of $0.5m (2025: $0.8m); loss before and after tax of $3.2m (2025: $3.5m).
Net cash outflow from operations was $2.4m (2025: $0.5m outflow); cash at period end was $0.8m (2025: $0.4m).
Administrative expenses were $1.6m (2025: $1.5m); net finance costs $1.0m (2025: $1.1m).
Outlook and guidance
Awaiting construction quotations for the Balasausqandiq project; financing remains a key focus.
R&D efforts to continue, especially on CBS and REES recovery.
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Latest events from Ferro Alloy Resources
- Feasibility study confirms world-class vanadium project; funding and market risks remain.FAR
H2 2025 - Kazakhstan vanadium project aims for lowest costs and strong margins, targeting energy storage growth.FARCorporate presentation
- Revenue fell and losses widened in H1 2024 amid low vanadium prices and ongoing project investment.FARH1 2024
- Losses increased as revenue fell and focus shifted to R&D, with funding secured for project advancement.FARH2 2024
- Revenue up 17.7% to $2.53m, net loss narrows, feasibility study near completion.FARH1 2025
Next Ferro Alloy Resources earnings date
H2 202629 Apr, 2027
Ferro Alloy Resources
Next Ferro Alloy Resources earnings date
H2 202629 Apr, 2027
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