RE:Largo NewsTORONTO, Jan. 22, 2020 /CNW/ - Largo Resources Ltd. ("
Largo" or the "
Company") (
TSX: LGO) (
OTCQX: LGORF) is pleased to announce the launch of
VPURE and
VPURE+, newly developed brands for the Company's industry preferred line of vanadium products.
Paulo Misk, President and Chief Executive Officer of Largo stated: "
Largo's vanadium products have an exceptional industry reputation worldwide. With our vanadium products now branded, new and existing customers can easily identify the Company's products offered for purchase in the market. He continued: "
The Maracs Menchen Mine has a proven track record of operational stability which allows the Company to provide its customers with a reliable source of vanadium supply.
We look forward to becoming the industry preferred supplier of vanadium through the sale of our VPURE and VPURE+ products." Largo's
VPURE and
VPURE+ products are sourced from one of the highest-grade vanadium deposits in the world using proven operational technology. A summary of Largo's
VPURE and
VPURE+ products and associated specifications are listed below:
VPURE Flakes | Ferrovanadium powered by VPURE Flakes - The VPURE brand consists of high-quality vanadium products which are mainly used to produce ferrovanadium and vanadium carbon nitride.
- VPURE Flakes have a guaranteed vanadium content of 98.5% and typical vanadium content of 99.0%.
- Ferrovanadium powered by VPURE Flakes achieves grade specifications in the range of 78.0% to 82.0% vanadium.
- Ferrovanadium powered by VPURE Flakes is essential in the production of steel products, which make up approximately 91% of global vanadium consumption.
VPURE+ Flakes |
VPURE+ Powder - The VPURE+ brand consists of high purity vanadium products in the form of flakes and powder.
- VPURE+ Flake and Powder products have a guaranteed vanadium content of 99.0% and a typical vanadium content of 99.5%.
- VPURE+ Flakes are mainly used in the production of master alloys.
- VPURE+ Powder is ideal to produce chemicals, catalysts and vanadium electrolyte used in the vanadium redox flow battery (VRFB).
To access additional information regarding the specification data sheets for
VPURE and
VPURE+ products, inquire about order purchasing or learn about the various end uses associated with vanadium, please visit
www.largoVpure.com.
VPURE Ferrovanadium The Company's Board of Directors has approved the construction of a ferrovanadium conversion plant at the Maracs Menchen Mine subject to available liquidity. The construction of the Company's own ferrovanadium conversion plant creates downstream strategic advantages allowing Largo to supply ferrovanadium consumers directly. The ferrovanadium conversion plant construction and commissioning are expected to conclude in Q1 2021 at which point Largo anticipates introducing its own ferrovanadium product—
VPURE Ferrovanadium—to the market.