Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.

TSX:LGO - Post by User

Largo Inc > Investing Activities of US$4.4M in Mine PPE

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Comment by Clipper2on Nov 13, 2020 9:22am

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Post# 31894137

RE:RE:RE:RE:RE:Investing Activities of US$4.4M in Mine PPE

kha341 wrote:

Clipper2 wrote:
I thought 4.4m was rather high. .

Maracas is a huge mine. The $4.4M are in line with routine upkeep + the extra $1.6M of Construction in Progress which should include the restart and ramp-up of the drilling program in Q3.

I was actually referring to my reply to to jcw604 who asked about PPE.
I suggested the amount was for Personal Protection Equipment, and I had assumed (without checking the Q3 Report that the PPE cost was rather high and had thought it may have been an accumulation expense for Q1, Q2, and Q3.
Thanks again for clarifying kha.

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