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.

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Largo Inc > Largo To Invest Big In Brazil...

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Comment by kha341on Nov 07, 2021 4:43pm

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Post# 34097841

RE:Largo To Invest Big In Brazil...

SlashnutsToronto-based Largo Resources is planning to invest US$360mn in Brazil to produce titanium dioxide pigment. "To expand the production of vanadium for batteries, were going to invest US$230mn starting in 2031. But now most of our investments will go to the production of titanium pigment, which will consume US$360mn," said company president Paulo Misk (pictured) in an interview with Brazilian business daily Valor Econmico...[/quote wrote:

The above statement comes out of nowhere and is very confusing. Again the shareholders / stakeholders are kept in the dark. US$360M for the production of Titanium pigment? Nothing about the US$360M for the production of Titanium pigment in the Technical Report News Release (Nov 3 2021).

From the NR (03-11-2021):

“The materially enhanced Company profitability forecast by the Technical Report is driven by expanded V2O5 production and incremental cash flows generated by the production and sale of TiO2 pigment as a co-product”

“Our updated mine plan contemplates a phased expansion approach to include the production of TiO2 pigment. When combined with the results from our existing vanadium production, significant free cash flow of more than $4.0 billion dollars over the life of mine is forecast. Part of the TiO2 feedstock will be sourced from non-magnetic concentrate and from the TiO2 content in the vanadium ore created from our ongoing operations making our TiO2 production more profitable compared to a business engaged in the full scope of TiO2 mining activities.”

“..Anticipated cash flow generated from the Company’s TiO2 pigment product sales are expected to self-fund additional processing plant expansions of the Company’s TiO2 pigment chemical processing plant..”