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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

Comment by kha341on Jan 25, 2023 12:19pm
133 Views
Post# 35245428

RE:2022 production, 2023 guidance

RE:2022 production, 2023 guidance

Drhoho said: “(2) announcing the TiO2 project on hold with the possibility, if it is approved to proceed at some point, that additional debt financing may be added to LGO's balance sheet. LGO has touted itself for some time having an ongoing mining operation that is debt free or carrying minimal debt….”

With regard to the TiO2 pigment plan, although the postponement is new, the estimated CAPEX (Phase 1: 96.3M; Phase 2: 59.8M; Phase 3: 132M) associated with the project has been available since Dec 2021. It is obvious since last year that the funding can only come from debt financing, equity financing or a combination of both.  



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