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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

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Post by kha341on Nov 13, 2022 1:09pm
184 Views
Post# 35094955

Clean Energy Pillar: Headwinds abound?

Clean Energy Pillar: Headwinds abound?

1)

Paulo Misk: During the last update call, we discussed the signing of a nonbinding MOU with Ansaldo Green Tech to negotiate the formation of a joint venture for the manufacturing and commercial deployment of VRFBs in Europe, Africa, and Middle East power generation markets. We believe that if successful, the potential JV could address identified needs in the European energy sector, which are being compounded by the ongoing geopolitical conflict. However, we are limited in what we can discuss. But I can say that the negotiations remain ongoing, and we will look to provide an update when appropriate.


The last update call =  Aug 11 2022 . That was 3 months ago and the “negotiations still remain on-going”? Does not sound optimistic, does it?


2)

The commissioning of the first sale is now delayed to Q2-2023 due to unfortunate shipping and logistical problems related to certain components of the system.


3)

Total silence with regard to the hiring of key new personnel  to replace the entire team of LCE executives and experts who have jumped ship. Nobody with experience in VRFB / long-duration energy storage wants to join LCE anymore?


4)

Any potential new sale in view? Crickets. Are we to expect no-name amateurs in energy storage like Paulo Misk and Paul Vollant to negotiate complex VRFB deals?


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